Associated Press
 
March 5, 2010
 
SALEM, Ore. -- A new report shows the Oregon State Treasury investment division was among the top 1 percent for returns on public pension funds for the final quarter of 2009.
 
An analysis prepared for the Oregon Investment Council said the Oregon Public Employee Retirement Fund posted returns of 4.9 percent for the quarter and 19.4 percent for the 2009 calendar year.
 
The Statesman Journal newspaper said that Oregon relies more heavily than any other Western state on investment performance to pay for retirement benefits for public workers.
 
The pension fund had a value of $51.5 billion on Jan. 31.