Pennsylvania, New Jersey Pension Plans See Modest Increases.

Knight Ridder/Tribune Business News,  September, 2003  

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By Joseph N. DiStefano, The Philadelphia In...uirer Knight Ridder/Tribune Business News

Sep. 2--After three years of losing money, last spring's Wall Street rally modestly boosted the value of investments at the region's biggest pension plans, enabling their newly appointed managers to post small gains for the last fiscal year.

But the managers of these public-agency investments know they will need more than a good ...uarter or a modest boost to prevent big increases in taxpayer subsidies for the plans, which fund monthly checks to more than 300,000 retired teachers, ...

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