Investments in the Arkansas Public Employees’ Retirement System increased by about $650 million, reaching $10.69 billion in the fiscal year that ended June 30, investment consultants told the system’s board of directors on Wednesday. Announced.
According to consultant Curran, the plan’s return on investment in fiscal 2023 will be 8.83%, ranking it in the top 59% of public pension plans in Japan. Fiscal year 2023 will begin on July 1, 2022 and end on June 30, 2022. Fiscal year 2024 he begins on July 1st.
Carlos Borromeo, the system’s vice president of investments, told trustees that he believes the system’s investments have been fairly successful, considering there were no private equity investments by the system in fiscal year 2023. Stated.
In terms of performance, “we’re probably in the middle” of public pension systems nationwide, he said.
The Trustees resolved that the minimum tax rate on employee salaries for states and local governments participating in the Plan for the fiscal year beginning July 1, 2025 will be 15.32%. States and local governments participating in the system are currently subject to a 15.32% rate. Payroll calculation.
In November, the Trustees will set the tax rates to be charged to state and local governments for the fiscal year beginning July 1, 2025.
The Arkansas Public Employees Retirement System is the state government’s second largest retirement system, with more than $10 billion in investments and more than 75,000 active and retired employees.
The Arkansas Teachers Retirement System is the state government’s largest retirement system, with more than $20 billion in investments and more than 100,000 active and retired members.
On Monday, investment consultants reported to the Board of Trustees of the Arkansas Teachers Retirement System that investments in the system increased by $1 billion in the fiscal year that ended June 30, to $20.7 billion.
According to P.J. Kelly of Aon Hewitt Investment Consulting, the plan will achieve an investment return of 9.2% in fiscal year 2023, ranking it in the top 15% of public pension plans in the United States exceeding $1 billion. It is said that it was ranked in
