The Public Employee Retirement Administration Commission (PERAC) recently published its Annual Report which details the financial health of all Massachusetts Public Employee Retirement Systems.
Taunton finished strong in 2013.Taunton posted a +19.06% return for 2013 and ranked #14 out of 105 systems for the year. Since 1985, which measures a 29-year period, Taunton has earned an annualized return of +9.95% tying it for 6th place out 105 retirement systems.
Speaking on behalf of the Board, Chairperson Ann Marie Hebert commented that “the Board is most proud of our long term performance as this is the most indicative statistic of the funding progress made by the plan. We are long term investors and we are very happy to beat our actuarial benchmark of 8%. The job is certainly not finished with funding the plan, but this is great news to our plan participants who can be re-assured that the plan is on the right track and that their benefits are secure and sustainable.”