Study: Alabama pension fund generates 5,800 jobs

MONTGOMERY, Ala. (AP) - A study of state government's pension fund says its investments in Alabama companies helped provide more than 5,800 jobs and more than $245 million in payroll in 2007.

The study of the Retirement Systems of Alabama was done by the Center for Business and Economic Research at the University of Alabama.

The study found that the companies where the Retirement Systems made investments had an average payroll of more than $42,000 per worker annually.

That's more than 14 percent above the statewide average for 2007.

The Retirement Systems investments included Alabama River Corp., Bell Microproducts, Navistar Diesel, Raycom Media and Community Newspaper Holdings, as well as golf courses and hotels.

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