Created on Friday, 21 February 2014 Written by THE ASSOCIATED PRESS
COLUMBUS, Ohio (AP) — Strong investment returns last year have boosted the long-term financial stability of Ohio's public pension funds serving roughly 1.7 million people.
The Dayton Daily News (http://bit.ly/1fh63tL ) reports the largest of the five funds had a return of 13.9 percent. That gave the Ohio Public Employees Retirement System a record $88.6 billion in assets.
Its director says state pension law changes in 2012 also bolstered the system's financial position.
The Ohio Police & Fire Fund's portfolio was worth $14.1 billion after a 16.5 percent return. The State Teachers Retirement System of Ohio made 17.4 percent, hitting $72.3 billion in assets. The School Employees Retirement System of Ohio logged $21.1 billion after a 16.1 percent return. The Ohio Highway Patrol Retirement System earned 18.8 percent, leaving it with $810 million in assets.