TEXPERS recognized the El Paso Firemen and Policemen’s Pension Fund for maintaining its ranking as one of the best in Texas in the closely-watched measure of 20-year investment returns.
The El Paso public safety employee pension system maintained an 8.21 percent average yearly performance over the past 20 years according to survey results in TEXPERS’ annual "Report on the Asset Allocation and Investment Performance of Texas Public Employee Retirement Systems" for the period ended September 30, 2016.
TEXPERS Executive Director Max Patterson said, "The El Paso Firemen and Policemen’s Pension Fund has certainly excelled in enhancing the profitability of its members and city sponsor’s contributions. The pension fund’s focus on the long term has made it a trusted steward within El Paso, but it is truly an exemplary system for all of Texas."
Tyler Grossman, executive director of the El Paso Firemen and Policemen's Pension Fund, said, “We take our fiduciary responsibility to the members of our Fund very seriously. One of our most important roles is investing our members’ money wisely. Our returns reflect our robust investment policy which requires balancing risk control and due diligence. This enables us to make sound decisions in the management of the Fund."
Wednesday, April 26, 2017
TEXPERS Salutes El Paso Firemen and Policemen's Pension Fund for 20-year Returns
Posted by About TEXPERS at 10:17 AM