Summary
State officials said Monday a downgrade by Standard & Poor of U.S. debt does not necessarily mean that Ohio entities, such as the public pension funds, will have to sell off U.S. government bonds that they own.
For example, both the State Teachers Retirement System and School Employees Retirement System spokesmen said their funds would not be forced to sell off U.S. government bonds.See the full content of this document
Extract
; Downgrade Doesn't Require Selloff.
Both the state treasurer's office and STRS reported that in anticipation of the debt crisis, they positioned their investment portfolios over the last few months -- selling off some assets and holding more in cash reserve....
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