Report demonstrates solid condition of the retirement system

INDIANAPOLIS (Jan. 3, 2008) -- The Indiana Public Employees' Retirement Fund (PERF) has released its Comprehensive Annual Financial Report for the fiscal year ending June 30, 2007.

The report reflects the second year PERF has achieved an unqualified financial opinion from the Indiana State Board of Accounts since new management initiated a turnaround of the system in 2005.

In-depth information on the condition and performance of the fund is provided within the report's Financial, Investment, Actuarial and Statistical sections. In addition, the report highlights the productive lives of PERF beneficiaries from Akron, Jasper, and Indianapolis.

The report notes PERF's net assets grew by nearly $2.5 billion, while its investments delivered a 17.8 percent annualized return in the fiscal year. The annualized return beat a 17.6 percent overall benchmark and exceeded the targeted 7.25 percent actuarial rate of return. The plan grew to approximately $17.2 billion in assets in the fiscal year.

To view PERF's 2007 Comprehensive Annual Financial Report, or to view information of the plan's funded status, visit PERF Online at www.perf.in.gov.

About PERF
The Public Employees' Retirement Fund (PERF) is a $17.2 billion retirement fund headquartered in Indianapolis. PERF serves the needs of more than 220,000 public employees and retirees throughout Indiana.

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