Idaho’s Retirement Fund Sees Steady Increase

BOISE, Idaho (AP) — The state pension fund posted investment returns of more than 17 percent in the fiscal year ending on June 30.

Public Employee Retirement System of Idaho chief investment officer Bob Maynard tells the Idaho Statesman that slow and steady growth in the stock market pushed the fund to new highs. The fund held $14.686 billion at the end of the fiscal year.

It posted investment gains of 17.2 percent, or $2.182 billion, over the fiscal year. However, it paid out about $18 million more per month than it took in, leaving total gains of $1.93 billion through the end of June.