Pension Funds

Pension Funds

Consistent drops in Wall Street have caused state and county pension funds in Ohio and Pennsylvania to take dips as well, but officials said it’s nothing to worry about — yet. In Ohio, pension is dealt with at the state level and lumped into one fund. In Pennsylvania, each county is responsible for its own fund.

Ohio Pension Fund:

Number of retirees within the five local legislative districts: 5,710 people

Amount in fund as of September 2008: $69.3 billion

Amount lost from 2007: 16.4 percent

Mercer County Pension Fund:

Number of retirees in the county: 268

Amount in fund as of November 2008: $40.8 million

Amount lost from 2007: 15 percent

Lawrence County Pension Fund:

Number of retirees in the county: 251

Amount in fund as of November 2008: $35 million

Amount lost from 2007: 16 percent

Sources: Mercer County controller, Lawrence County commissioners, Ohio Public Employment Retirement System