The assets of the Fund can only be invested as outlined by the guidelines set forth in the Official Code of Georgia. 

The Board of Commissioners, staff and an investment consultant meet semi-annually with each active investment manager to review the performance of each asset class.  The Board of Commissioners and staff meet quarterly to review the investment consultant’s report on the total fund and the evaluation of each asset class’ performance versus its peers within the asset class and a specified benchmark.

As of March 31, 2007, the Fund’s market value totaled $69,743,956 with approximately 60% of the assets being invested in equities and 40% being invested in fixed income.  The Fund is invested in six investment allocations including large cap growth, large cap value, large cap blend, small cap growth, international, and fixed income. The Fund has returned an annualized return of 9.52% since 3/31/1989.

A total of $3,399,407.18 was paid to retirees in pension benefits during the fiscal year 7/1/2006 – 6/30/2007.  Death benefits during this time period totaled $28,000.