Weak Investment Returns for MN Pension Funds

Updated: 01/10/2013 11:12 PM KSTP.com By: Scott Theisen

A review of Minnesota's large pension funds shows they had weak investment returns in 2011, the most recent year results are available.

The Duluth teachers' retirement fund had a negative return of less than 1 percent.

Bloomington fire and the St. Paul teachers' retirement funds had less than 1 percent gains.

State Auditor Rebecca Otto says all missed their benchmark goals.

Despite 2011's poor results, Otto says 2012 should be better because the financial markets were stronger.

None of the funds are in jeopardy.