South Dakota Retirement System receive update on their operations

PIERRE, S.D.(WNAX)- Besides the financial update, trustees of the South Dakota Retirement System last week heard about the status of their operations.

Executive Director Travis Almond says the system continues to evolve as the financial world changes.

Almond says they have to be able to react fairly quickly to protect those that depend on the system.

Almond says they have a solid system right now.

The trustees were told that the system now has over fourteen billion dollars in assets and has a three percent return on those investments through the first nine months of the fiscal year. The system is funded at one hundred six percent of needed liabilities.