Projo 7 to 7 News Blog

BOSTON -- Officials say the Massachusetts public pension fund lost about 13 percent of its value or about $5 billion in October.

The Pension Reserves Investment Trust has lost about 27 percent of its value this year and was worth about $40 billion as of Oct. 31.

The state Treasurer's Office says the Standard & Poor's 500 stock index fell 17 percent in October and is down 33 percent for the year, while the average large pension fund has lost about 28 percent.

--- The Associated Press

 Tags  Massachussetts pension fund stock market

---