Ohio's five public pensions systems collectively lost $32 billion in the investment market last year − huge losses that will take years to recover.
Ohio's five public pensions systems collectively lost $32 billion in the tough investment market last year − huge losses that will take years to recover.
School Employees Retirement System lost $949 million, which was 4.89% of its portfolio. It serves 236,000 non-teacher school employees including bus drivers and cafeteria workers.'I wouldn't even invest my own money in this': Ohio teachers' pension board pans $65 billion pitch The heavy losses represent a big swing away from how much the pension funds anticipated earning. The pension boards set their expected annual rate of return, ranging from a low of 6.9% for OPERS to a high of 7.5% for OP&F.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Grouse hunting could become illegal in Ohio; Ohio Wildlife Council to weigh matterThe Ohio Wildlife Council is weighing proposals on ruffed grouse and wild turkey hunting seasons and limits.
Read more »
Crypto Industry Lost Over $650B After Two Major Scandals in 2022: BISThe BIS found that retail investors bought the dip amid the bloodbath while the broader financial system remained generally unharmed.
Read more »
Sunrun Installed Almost A Gigawatt of Solar in 2022!Sunrun grew new installed solar energy capacity in 2022 by 25.2% y/y to 991 MW, modestly exceeding guidance. That’s almost 1 gigawatt in one year!
Read more »
Stellantis CEO Tavares' 2022 pay fell 14% to $15.7 mlnStellantis CEO Carlos Tavares' 2022 pay fell 14% to 14.9 million euros ($15.71 million), the maker of Fiat, Ram and Peugeot vehicles said in a filing on Friday.
Read more »
Auburn’s top 10 NFL rushers: No running backs in 2022Something didn’t happen during the NFL’s 2022 season that had happened for 43 consecutive campaigns: no former Auburn running back carried the football during an NFL regular-season game. Let's take a look at the rankings stand for Auburn's NFL rushers:
Read more »
Warren Buffett’s Berkshire Hathaway Posts Big 2022 Loss in Rocky MarketWarren Buffett retained his sense of optimism in his annual letter to investors Saturday, saying he attributes much of his success over the years to the resilience of the U.S. economy.
Read more »