Tag: public fund survey

Chart: How Kentucky’s Alternatives Allocation Compares To Other Funds

KY alternatives percentage

The Kentucky Retirement Systems, more than almost any pension fund in the country, allocates a significant chunk of its assets toward alternatives.

But how does KRS compare to other pensions funds in that area? Check out the chart above.

The data is from the Public Fund Survey, which polls 98 pension funds every year on a variety of topics, including asset allocation.

Only 4 funds in that 98 fund sample allocated a higher percentage of its assets toward alternatives than Kentucky.

Chart is courtesy of the Kentucky Center for Investigative Reporting.

School Contributions to NY Teachers Retirement System To Increase Next Year; Marks 58% Bump Since 2012

640px-Manhattan_amk

The New York State Teacher’s Retirement System announced Wednesday that school district contribution rates will increase by 8 percent next year, rising from 16.25 percent to 17.53 percent.

[The official announcement can be seen embedded at the bottom of this post.]

The new contribution rate doesn’t go into effect until the fall of 2015.

Including the latest increase, school district contribution rates have increase 58 percent since 2012—the contribution rate in 2012 was 11.05 percent, according to the Public Fund Survey.

That’s partially because the System is paying out more pension benefits than ever before; NYSTRS will pay out $6.3 billion in pensions in fiscal year 2014-15, according to the System’s spokesman. In 2009-10, that number was $5.3 billion.

The NYSTRS, once fully funded, has been on a steady decline for years.

Credit: Ballotpedia
Credit: Ballotpedia

The funded ratio has since dropped to 89.8%, according to the most recent data available.

Here’s the official announcement from the NYSTRS:

[iframe src=”<p  style=” margin: 12px auto 6px auto; font-family: Helvetica,Arial,Sans-serif; font-style: normal; font-variant: normal; font-weight: normal; font-size: 14px; line-height: normal; font-size-adjust: none; font-stretch: normal; -x-system-font: none; display: block;”>   <a title=”View Teacher Pension on Scribd” href=”http://www.scribd.com/doc/236735138″  style=”text-decoration: underline;” >Teacher Pension</a></p><iframe class=”scribd_iframe_embed” src=”//www.scribd.com/embeds/236735138/content?start_page=1&view_mode=scroll&show_recommendations=true” data-auto-height=”false” data-aspect-ratio=”undefined” scrolling=”no” id=”doc_19926″ width=”100%” height=”600″ frameborder=”0″></iframe>”]