The Hill News

Millions of retired firefighters, police officers, teachers and other public employees with pension plans may get some good news this week, though many of them may not recognize it. In fact, some may be alarmed by it. Newspaper headlines may not say so, but if you’re a member of a state pension fund for public employees, the earnings reports from oil and natural gas companies are good news for your future.

Newly-released data shows that oil and natural gas companies are driving the gains in public pension funds. If you’re a retired teacher in Ohio, oil and natural gas stocks provided your pension funds with a phenomenal 41 percent rate-of-return from 2005 to 2009. The other holdings in the pension fund produced a 9 percent return. 

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