The pension trust funds are professionally managed by the Washington State Investment Board (WSIB). Did you know that, of the nearly $2.6 billion in retirement benefits paid out each year, approximately 75 percent comes from investment earnings? The WSIB’s investment performance is continually in the best-of-class nationwide.
Pension investments are long-term. The WSIB works with a 30-year investment horizon, which allows the years with high returns to offset the years when the returns are inevitably lower. Over the last ten years, the WSIB has averaged earnings of 9.7 percent.
The WSIB is one of the most highly respected public institutional investors in the country. If you’re interested in knowing more, the investment board has a helpful and informative Web site at www.sib.wa.gov.
Summer/Fall 2007