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Wisconsin Retirement Fund Grows Nearly 20% in 2019

Wisconsin Retirement Fund Grows Nearly 20% in 2019

Created: January 16, 2020 04:49 PM

MADISON, Wis. (AP) - The primary investment fund for most Wisconsin public employees and retirees grew nearly 20% last year. The State of Wisconsin Investment Board reported the returns Thursday.

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The main “core fund” bounced back from a loss of 3.3% in 2018. The five-year rate of return is 7.8%.

The more volatile “variable fund” grew 28.6% in 2019 and had a five-year rate of return of 9.8%. It had dropped 7.9% in 2018.

The funds fuel pension payments for more than 635,000 current and former public employees, the University of Wisconsin System, school districts and most local governments.

Copyright 2020 The Associated Press. All rights reserved.

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