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State pensions saw huge earnings drop in ’12

Earnings at state-administered pension systems remained in positive territory in 2012 for the third consecutive year since the Great Recession. Thats the good news. Read on for the bad.

By Paula Aven Gladych | Updated on August 02, 2013

How are the nation’s state government pension funds faring? The U.S. Census Bureau, among others, likes to keep track and just issued its latest report.

The bottom line? Earnings at state-administered pension systems remained in positive territory in 2012 for the third consecutive year since the Great Recession. That’s the good news. The bad? State public pension investments earned a total of $91.8 billion in 2012, compared to $414 billion in 2011, a nearly 80 percent plunge.

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