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Primary Investment Fund for most WI Public Employees Sees Growth

Sunday, January 19th, 2020 -- 6:54 AM

The primary investment fund for most Wisconsin public employees and retirees grew nearly 20% last year, bouncing back from a loss in 2018, the State of Wisconsin Investment Board reported Thursday.

Preliminary data shows the “core fund” grew 19.9% in 2019 after dropping 3.3% the year before. The five-year rate of return is 7.8%. The more volatile “variable fund” grew 28.6% last year and had a five-year rate of return of 9.8%. It had dropped 7.9% in 2018. The funds fuel pension payments for more than 635,000 current and former public employees, the University of Wisconsin System, school districts and most local governments.

Their payments are leveled out over a five-year period to avoid large jumps in annuity payments or contribution rates. The state Department of Employee Trust Funds will set annuity payments for both funds in March. (AP)

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