15.6% Gains On Equities In Ohio
Posted on 10/17/2023
The School Employees Retirement System of Ohio has earned a 7.39% return for FY 2023, making total assets US$ 17.8 billion. Equities earned 15.6% and private credit brought in 6.07%. Private equity added another 2.54%.
However, Ohio will only pay a 2.5% COLA in 2024, which is unlikely to excite retirees. However, salaries in Ohio are low, with the typical worker making only US$ 50,000. Skilled manufacturing, healthcare, and the production of appliances and autos have helped boost Ohio to become the 7th strongest state economy in the U.S. Ohio representatives say its low cost of business should encourage growth. Ohio’s GDP was US$ 676 billion at last reporting.
