WPR News
7:37 am
Wed December 3, 2008

Wyoming pension fund down 25 percent

Cheyenne, WYo. – The market value of Wyoming's public employee pension fund is down 25 percent in the current financial crisis.

Executive Director Thom Williams said the market value of the fund's investments is now about $4.7 billion. That's down from $6.2 billion at the end of June.

Williams emphasizes that the fund is having no trouble meeting its obligations to the roughly 19,000 retired public employees.

Williams says Wyoming's pension fund has fared better than many other state funds in the recent crisis. He says Wyoming manages the fund for the long term and says it's well-positioned to rebound whenever the financial markets improve.