Pittsburgh pension fund ends quarter up $17.9 million

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The Pittsburgh pension fund ended the third quarter with a value of about $595.8 million, up about $17.9 million from the second quarter.

The fund was about 59 percent funded Sept. 30, compared to 57 percent funded June 30, according to figures provided at a pension board meeting today.

By Nov. 30, the value of the fund had grown to about $600.4 million, a funding level of about 59.3 percent. The value of the fund's investments are up 12.2 percent for the year so far.

A pension bailout in December 2010 boosted the fund's value to 62 percent. Market conditions since then have diminished the bailout's impact.

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Joe Smydo: jsmydo@post-gazette.com or 412-263-1548.


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