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News October 11, 2008
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COUNTY PENSION FUND OKAY

With America's fiscal crisis deepening, many people are growing more concerned about their retirement savings.

Among those are current and former employees of Potter County, who have paid into the county's pension fund and are counting on that money to see them through their retirement.

Investment manager C. S. McKee, which is responsible for investment decisions for the $9 million Potter County Employee Pension Fund, recently assured retirees that the low-risk nature of the county's investments has limited the fund's exposure to many of the factors that have caused the value of others to plunge.

McKee said the county's portfolio has no exposure to Lehman Brothers, Fannie Mae or Freddie Mac's troubles.

C. S. McKee will soon issue a third-quarter summary of the Retirement Fund's performance and status. Afterwards, a representative will attend a meeting of the Potter County Retirement Board, open to the public, to further discuss the fund and answer questions.


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