The Westmoreland County Pension Fund is reportedly in good shape.
The Tribune-Review reports that while the pension fund lost over $45 million in 2018, it was designated as at a minimum distressed level for the first time in five years. Commissioners said that they were not concerned, but they say it will bounce back up.
County controller Jeffery Balzer said fluctuations in the stock market late last year was the main reason for the losses.
The account provides benefits to about 1300 government retirees.
