Massachusetts Pension Fund Returns 12.6% in 2020, Hits Record Asset Value
Massachusetts Pension Fund Returns 12.6% in 2020, Hits Record Asset Value The state pension’s annualized returns beat the benchmark over the past one, three, five, and 10 years. A strong second half rebound helped the Massachusetts Pension Reserves Investment Trust (PRIT) end calendar year 2020 with a 12.6% return, beating its benchmark’s return of 10.8% and raising the fund to a record high of $86.9 billion in assets, according to Pension Reserves Investment Management (PRIM), which oversees the fund. The fund also surpassed its benchmark over the past three, five, and 10 years, with ann...