Board reviews Section 115 trust performance; staff keeps current target allocation
PARS and district investment consultants reported strong returns for the district’s OPEB and pension trusts (inception-to-date annualized returns near double digits); presenters described passive-heavy allocations and quarterly rebalancing, and the board opted not to change target asset allocations.
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PARS and the district’s investment consultants presented an overview of the district’s Section 115 trust and recent portfolio performance. PARS’ Rachel Sanders said the OPEB account held about $7.5 million and the pension account held more than $22 million as of the end of July; net investment earnings and steady contributions were credited for the funded-status improvements.
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