Tag: Thurman Zollicoffer

Pension board lowers investment target

The state pension board on Tuesday lowered its target for investment return on the $41 billion retirement fund from 7.75% to 7.55%, a move it’s been considering for over a year

The 14-member Board of Trustees of the State Retirement and Pension System also lowered its projection of inflation from 3% a year to 2.8%, and phased in both steps over the next four years.

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