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11224100 Inflation Protection Investment Fund

An investment fund with the State Treasurer consisting of investments in inflation linked bonds, timberlands, commodities, and other assets that are acquired for the primary purpose of providing protection against risks associated with inflation. The enabling legislation for this fund is from G.S. 147-69.2(b)(9a) authorizing alternative investments up to $100,000,000 not  exceeding 5% of the market value of all invested assets of the Retirement Systems.  For year-end GAAP financial reporting, this account is classified with the pooled investment fund accounts of the State Treasurer.