Friday, January 21, 2011

IPERS Rebounding

Iowa's largest public pension fund is bouncing back. The Des Moines Register said the market value of assets held by the Iowa Public Employees' Retirement System has reached a level not seen since the Wall Street meltdown of 2008 was unfolding. Assets are currently worth $22.3 billion. That's up from $19.5 billion since last June. 30. The retirement system pays out slightly more than $1 billion annually in pension checks to retired employees.

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