retirtement couple beachFRANKFORT, Ky. (3/21/14) — The Board of Trustees of the Kentucky Teachers’ Retirement System announced at its quarterly meeting March 17, 2014 the investment returns for the teachers’ pension portfolio for the year ended Dec. 31, 2013.

The teachers’ fund ended the year with a return of 19.7 percent and a market value of $17.5 billion.

The teachers’ fund has diversified holdings in domestic and international stocks, bonds, loans, real estate, and private equity.

KTRS’s return of 19.7 percent places it in the top 4 percent of pension plans nationwide with assets over $1 billion. The median return of pension plans nationwide was 15.76 percent.

KTRS’s returns also exceeded the median returns of corporate plans (13.7 percent) and foundations (15 percent).

“The teachers’ fund performance was strong in terms of total return and performing better than its market benchmark.  As a result of strong internal investment management and the careful selection of outside managers, KTRS added more than $1.5 billion to the teachers’ fund over the last year,” said Gary Harbin, KTRS Executive Secretary.

“Going into the great recession in 2008, KTRS was very well positioned because the teachers’ fund did not include subprime mortgages and other high risk investments.  KTRS had top 10 percent performance as the market was falling, and thereafter by adjusting asset allocation, has performed in the top 4 percent as markets have rebounded.  The long-term performance of the Board of Trustees and professional investment staff is great news for teachers and the taxpayers of Kentucky,” said Harbin.

KTRS administers pension and health insurance benefits for over 145,000 active and retired teachers and sends $1.8 billion in benefit payments to retired teachers every year.

SurfKY News
Information provided by Kentucky Teachers’ Retirement System

LIKE SurfKY on Facebook - Click here to LIKE us now.

© Copyright 2015 SurfKY News Group, Inc. All rights reserved. This material may not be published, broadcast, or rewritten without permission. SurfKY News encourages you to share this story on social media.

In Other News...

School Board Studies Further Spending Cuts

POWDERLY, Ky. (5/5/15) — The Muhlenberg County School Board held a special meeting at 5 p.m. Tuesday, April 28. The… Read More

Mustangs Defeat Trigg County for Fourth Straight Win

GREENVILLE, Ky. (5/5/15) — Muhlenberg County remained in the win column on Monday, defeating visiting Trigg County 5-2… Read More
1 DOW 17,928.20
-142.20 (-0.79%)    
2 S&P 2,089.46
-25.03 (-1.18%)    
3 NASDAQ 4,939.33
-77.60 (-1.55%)    

Most Read This Week

April 28, 2015 4256

Search for Stolen Vehicle Ends with Woman Charged…

by SurfKY News
April 27, 2015 3633

Online Petition Seeking Re­opening of Shanice…

by Samantha Carver, SurfKY News
April 28, 2015 3417

Man Charged with Stalking Smoke Shop Clerk

by MPD
April 27, 2015 2970

Hopkins County Drug War ― Are We Winning?

by Doreen Dennis, SurfKY News
April 30, 2015 2896

Family Says 'Goodbye' to Dog After It Allegedly…

by Doreen Dennis, SurfKY News

Most Read This Month

April 17, 2015 15734

An Open Letter from an Addict

by Olivia Kirks
April 23, 2015 8548

Man Charged with Sodomy, Incest/Victim under 12

by SurfKY News

Stories Trending Now

May 05, 2015 2734

School Board Studies Further Spending Cuts

by Charles W. Riley II, SurfKY News
May 05, 2015 2394

Meth Charge Follows MPD Investigation into…

by SurfKY News
May 04, 2015 1949

Alleged Littering Leads to Drug Arrest

by SurfKY News
May 04, 2015 1689

Teen Injured During Collision with Police Cruiser

by SurfKY News
May 04, 2015 1297

Madisonville Police Arrest Reports Released - May…

by SurfKY News
May 04, 2015 1244

Women ‘Get the Message’ at River Ministry Banquet

by Tammy Holloway, SurfKY News
May 04, 2015 1094

Three Injured in Two-Vehicle Collision

by SurfKY News
May 05, 2015 1085

First United Bank Becomes Hopkins School System’s…

by Tammy Holloway, SurfKY News
May 04, 2015 1084

Hopkins County Sheriff's Reports Released

by SurfKY News
May 04, 2015 861

Dawson Springs Police Reports for Monday, May 4,…

by SurfKY News