WASHINGTON - The General Accounting Office is expected to release a report on economically targeted investments early next year.
The report will examine investments of six state pension funds and one city pension fund and will assess returns from making the targeted investment, said Pat Grasso, a GAO official involved in the project.
The funds are: Colorado Public Employees' Retirement Association; Massachusetts State Teachers' & Employees' Retirement System; Minnesota State Board of Investment; New York City Retirement Systems; Pennsylvania State Employes' Retirement System; Wisconsin State Investment Board; and Wyoming Retirement System.
Mr. Grasso said the report will show how the pension funds' targeted investments compared with similar applicable investments and what the economic impact was on the area in which the targeted investment was made.
The report is under review and will be given to the Department of Labor for comment before it is released, Mr. Grasso said.