Wilmington HotelsWilmington AdvertiseWilmington AttractionsWilmington BeachesWilmington Business DirectoryWilmingtonWilmingtonWilmington GolfWilmington JobsWilmington NewsWilmington DiningWilmington Weather



Wilmington, NC News

  Free Wilmington Travel Guide!

NC pension fund generates positive annual return

RALEIGH. N.C. (AP) – North Carolina’s pension fund for public employees netted positive returns for the previous fiscal year as fixed income investments outpaced stocks, particularly international shares.

State Treasurer Janet Cowell announced Friday the overall North Carolina Retirement Systems generated a 2.2 percent return for the year ending June 30 despite a 1.2 percent decline in the final three months of the fiscal year.

Cowell said the fund was paced by a nearly 12 percent return in its bond portfolio last year even while its global stock portfolio saw a 6 percent loss. Real estate and private equity components also yielded positive returns.

The retirement system’s assets were $74.5 billion as of June 30. More than 850,000 teachers, state employees, law enforcement officers and others get retirement benefits and savings through the system.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

More: continued here

Be Sociable, Share!


News provided by WWAY NewsChannel 3 and the StarNewsOnline

|Home| |Events| |Attractions| |Accommodations| |Restaurants| |Golf| |Beaches| |Jobs| |Getting Here| |Climate| |Directory| |News| |Advertise| |Contact Us|

  Welcome to Wilmington, North Carolina