The December figures are out for the LEOFF 1 Trust Fund -- $4,815,297,700. That is down significantly from earlier in the year. For example the figure for January 2008 was $6,271,488,352.
Here are the month-to-month figures for the year.
|
Law Enforcement Officers & Fire Fighters | |
|
2008 Market Values | |
| January | $6,271,488,352 |
| February | $6,266,139,055 |
| March | $6,184,549,983 |
| April | $6,286,243,597 |
| May | $6,314,153,060 |
| June | $6,033,912,234 |
| July | $5,912,288,012 |
| August | $5,844,504,378 |
| September | $5,473,168,864 |
| October | $4,922,899,521 |
| November | $4,774,809,357 |
| December | $4,815,297,700 |
Source - State Investment Board
While everyone is still yelling doom and gloom, don't take this decline too seriously. The fund is still in surplus and the State Investment Board has an excellent history of producing returns on investements well above the statutory 8% used to calculate pension status.
Watch for a new article series dealing with the surplus. I think it is time to redocument the history get a clearer understanding of just what the surplus is and is not.
Get a copy of the 2008 CTF report for all pension funds.