Oklahoma Police Pension & Retirement System, Oklahoma City, returned 4.5% for the quarter ended Dec. 31, but returns were flat for 2011, said Steve Snyder, executive director and chief investment officer of the $1.75 billion system.
The fund returned -1.82% for the first six months of the current fiscal year ended June 30.
As of Dec. 31, the retirement system returned an annualized 11.3% for three years and 5.78% for 10 years. The retirement system's assumed annualized rate of return is 7.5%.
The pension plan was 93% funded as of June 30, 2011. Mr. Snyder said he expects the funding status will dip to about 90% when the next actuarial report is done this summer.
