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ORS Financial Information
The
Michigan Department of Treasury's Bureau of Investments manages
investments for ORS's four retirement plans. The plans' investments are managed
according to a two-year asset allocation model, and include seven different
asset classes, designed to withstand short-term fluctuations in the market. The
system's assets are continually reviewed to ensure that the portfolio has an
appropriate mix of investments to maximize returns and minimize risk.
All of the State Treasurer's investments are invested for the exclusive
benefit of the members of the retirement systems. The Treasurer reports
investment activity to an Investment Advisory Committee, created by Act 380 of
1965. The committee reviews the investments, goals, and objectives of the
retirement funds, and may make recommendations for improvements. The investment
goals are:
- Achieve the optimal rate of return possible within prudent levels of
risk.
- Maintain sufficient liquidity to pay benefits.
- Diversify assets to preserve capital and avoid large losses.
- Meet or exceed the actuarial assumption over the long term.
- Perform in the top half of the public plan universe over the long term.
- Exceed individual asset class benchmarks over the long term.
- Operate in a cost-effective manner.
Click here to view the
latest investment information and policy statements for each
retirement system.
Click here to review
Comprehensive Annual Financial Reports (CAFRs) for each of the four
retirement systems.
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