State pension funds compared (2003)

From Steve Ohlemacher’s article, Teacher pension losses don’t stop spending

Cleveland Plain Dealer, 06/08/03

[This is an attempt to put into prose form what originally appeared as a chart, which would appear too small to read in this blog. KBB]

State pension funds compared

Ohio’s five public-employee retirement funds vary dramatically in how they are administered and the amount of money invested in their pension funds.

Listed across the top:

1. Public Employees Retirement System

2. State Teachers Retirement System

3. Police & Fire Pension Fund

4. School Employees Retirement System

5. Highway Patrol Retirement System

Listed down the side, followed by five figures, which represent, in order, the pension systems listed above:

Members and beneficiaries: 1. 797,234 2. 424,171 3. 51,741 4. 180,000 5. 2,761

Employees: 1. 539 2. 707 3. 183 4. 164 5. 9

Investment assets: 1. $51 billion 2. $46.5 billion 3. $7.7 billion 4.$ 7.1 billion 5. $558.5 million*

2002 budget: 1. $75 million 2. $87 million 3. $38 million 4. $20 million 5. $3 million

% of investments done in-house: 1. 61% 2. 85% 3. 13% 4. None 5. None

Employee bonuses? 1. Yes 2. Yes 3. Yes 4. Yes 5. Yes

Bonuses in 2000: 1. $599,470 2. $4.8 million 3. $27,500 4. $62,450 5. $10,286

Bonuses in 2001: 1. $698,741 2. $6.1 million 3. $36,094 4. $131,370 5. $10,302

Bonuses in 2002: 1. $765,252 2. $5.7 million 3. $5,954 4. $146,391 5. $9,488

*As of Dec. 31, 2002

Source: Information for each retirement system was provided directly from the retirement system.