Right now, four months into the fiscal year, the fund is at 24 Billion dollars at a return of 10%. As you know, if the fund performs at 7.5% for the fiscal year, then we get our supplemental COLA of 3.5%. This looks good. Additionally, more good news. Even with the recent stock market downtrend, the Fund performed at 87% funded. That number is platinum when considering a pension fund. ***It also lowered its unfunded responsibility from 3.5 to 2.5 billion dollars! *** Looks like the trustees are doing their investing well and we are currently on the right track!
So far, the hedge funds portfolio is accumulating a return of 8%. That is very good.