[{"_1":2,"_99":-5,"_100":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,75,87],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},"mediaId",6554383,"mediaKeyId","5024603-6ee83bd0f09a341d5964c1f018e32e4d","parentId",5024603,"title","Retirement trust approves amended job descriptions for benefits clerk and technician; staff changes ahead","audioSeconds",278,"startMs",4426000,"endMs",4704000,"viewUrl","/Search/View?dp=1&key=5024603-6ee83bd0f09a341d5964c1f018e32e4d&start=4426&end=4704","thumbnailUrl","https://assets.pipeline.soar.com/5024603-6ee83bd0f09a341d5964c1f018e32e4d/thumbnail_4426000.jpg","articleUrl","/articles/6554383/El-Paso-City/El-Paso-County/Texas/Retirement-trust-approves-amended-job-descriptions-for-benefits-clerk-and-technician-staff-changes-ahead","mediaUrl","https://secure.pipeline.soar.com/6554383-90853adaa0f06c9f1ecfbba04fcc9e37/orig.mp4?Expires=1774929486&Signature=CSZ04NtjVQSxm7WmixhDuu6hCm7o76YCs5L9QfIdKm7NDLlFB4UnIBMvkOY16oPytkj5gdMX5RZyXIRZ9Y74eEZlw1~hrDYY~SIpnryM4pl9fJnq3DUUJg3aaG~vom5F8bhWyVt36qNk3ia24ej4cmBqKjo3aB1L7MWGbUUEkyG~sfDxHpswu4qoxC5FRwHsTmPeGL9OE~d3zDUnOjoH~B2Tf~-Q3WYvPrSk4X4Lf-~T~uMH9li55x1JnTfOvPaZNmQkdtLPb9Hip1Fnwtz7MjXrmnV6fBDBFyWUNfSHBclg08uRjS9jG1qNvdkvlz0DowC25zeL13gpHfM5WiUxgA__&Key-Pair-Id=KUT5TJCACFTXG","author","City of El Paso TX","date","2025-06-19T04:20:41Z","article","The City of El Paso Employees Retirement Trust voted to approve amendments to the job descriptions for the retiree benefits clerk and the benefits technician, a move trustees said is intended to improve recruitment and better reflect the positions’ duties.

Robert Ashe, the trust’s executive director, told the board staff had reviewed duties and qualifications with supervisors and the Administrative Services Committee and proposed red‑lined amendments that change both tasks and minimum qualifications. Ashe said the committee met twice and recommended the amendments.

Ashe also notified trustees of short‑term staffing movement: a long‑time benefits staff member, Miss Castillo (noted during the meeting as retiring), left the trust and Esmeralda Aguirre was recognized for 10 years of service. Ashe said the vacancy will prompt internal reassignments and recruitment to fill the clerk/technician roles.

Vote and procedure: a trustee moved “to approve the amendments to the job description of the retiree benefits clerk and benefits technician as recommended by the Administrative Services Committee.” The motion was seconded and passed by voice vote.

Why it matters: trustees said the changes are intended to make hiring more effective by specifying combinations of education and experience and by aligning duties to current practice. The board directed staff to advertise and recruit against the amended descriptions and to return with any recommended pay‑grade or scope changes if needed.

Ending note: trustees congratulated Esmeralda Aguirre on her service and asked staff to proceed with recruitment and to update the board at a future meeting on hires and any internal reassignments.","mediaType","Video","parentTitle","Retirement Trust Board 6/18/2025","oneSentenceSummary","The board approved changes to job descriptions for the retiree benefits clerk and benefits technician after the Administrative Services Committee recommended the updates; trustees discussed recruitment and noted staff departures and upcoming vacancies.","taxTitle","El Paso City, El Paso County, Texas","taxId",2792,"location","headline","","shortSummary",{"_33":76,"_35":36,"_37":38,"_39":77,"_41":78,"_43":79,"_45":80,"_47":81,"_49":82,"_51":83,"_53":84,"_55":56,"_57":58,"_59":85,"_61":62,"_63":64,"_65":86,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6554388,"Trust advisers recap Texas legislative session: proxy-advisory bill moves while fiduciary bill stalls",570,2210000,2780000,"/Search/View?dp=1&key=5024603-6ee83bd0f09a341d5964c1f018e32e4d&start=2210&end=2780","https://assets.pipeline.soar.com/5024603-6ee83bd0f09a341d5964c1f018e32e4d/thumbnail_2210000.jpg","/articles/6554388/El-Paso-City/El-Paso-County/Texas/Trust-advisers-recap-Texas-legislative-session-proxy-advisory-bill-moves-while-fiduciary-bill-stalls","https://secure.pipeline.soar.com/6554388-e72a1d98f071d408abb96f4f1db4c35a/orig.mp4?Expires=1774929486&Signature=SpNfZwwD44U0rT7PzF-TxMKjWdkfG6-72vUXrIy8H14bwllO1V2Wql6-N9rou5iSiVYmpgOr06fW-7k1wzSvJ7hVo0BjT9PsNBtHNwIuaeh9JI1Kgtt5nZnA7cETbUI~MWq9xDd6h6PgMLJzUhUWX5GsciF~TUI5B-j3i0VL-6kID4QR0t07EYuJarXI8iFheOr~TLEw1I0dL6AAdOHvYcVMwWA3wXQTAELgnz66lnvxutb7BRm5JLbMrraakN7U8TAsxo6PU4pAAhSsSkuJpuKoxzUB~Dq7Yem-9v0eCMkxzNmoDxt7X1K2l7ydVDNlk2rL4fVKdbVlvDWDPxqk1Q__&Key-Pair-Id=KUT5TJCACFTXG","Trustees received a legislative update from the Schleeder Group of Texas on how the 89th Texas Legislature affected public‑pension issues.

Jeff Heckler of the Schleeder Group opened the presentation by saying, “we're your eyes and ears in Austin, Texas,” and summarized the session’s temperament and outcomes. Brad Schleeder, who led the session overview for the group, said the largest pension-related result for the session was Senate Bill 2337, which moved through the Legislature and addresses proxy‑advisory firms and disclosure rules; Schleeder said that SB 2337 “did move and did pass.”

Schleeder told trustees a second bill the trust tracked closely, Senate Bill 312 (a follow‑up effort addressing fiduciary duty and environmental, social and governance considerations), “never left his committee” and was shelved. A related House filing, described in the meeting as House Bill 3736, did not receive a hearing. Schleeder noted the legislature pursued other state investment limits and that most local pension reform bills the trust tracked did not pass; the Austin firefighters’ voluntary pension reform bill was cited as a local exception that passed.

Why it matters: the board had contracted lobbyists (the Schleeder Group) for the session and was briefed on outcomes that could affect the trust’s investment policy and reporting obligations. Trustees asked about the lobbying contract’s duration; staff said the contract covers the session and the interim and that the executive committee will decide later whether to extend or re‑bid before the next legislative session.

Trustees and advisers discussed next steps including interim committee studies and possible outreach to pension committee chairs in Austin. Schleeder recommended the board consider continued engagement during the interim and offered to coordinate introductions to influential committee chairs.

The board did not take formal votes on legislative strategy at the meeting; trustees said they would continue monitoring developments and the governor’s action on enacted bills.","Schleeder Group told the board the 89th Texas Legislature passed Senate Bill 2337 (proxy‑advisory regulation), while their draft fiduciary-duty bill (SB 312) did not leave committee. Trustees discussed interim coverage under their lobby contract and coordination with other plans.",{"_33":88,"_35":36,"_37":38,"_39":89,"_41":90,"_43":91,"_45":92,"_47":93,"_49":94,"_51":95,"_53":96,"_55":56,"_57":58,"_59":97,"_61":62,"_63":64,"_65":98,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6554393,"El Paso employees pension fund reports $1.007 billion in assets; trustees hear May performance rebound and capital-call timeline",2634,1488000,4122000,"/Search/View?dp=1&key=5024603-6ee83bd0f09a341d5964c1f018e32e4d&start=1488&end=4122","https://assets.pipeline.soar.com/5024603-6ee83bd0f09a341d5964c1f018e32e4d/thumbnail_1488000.jpg","/articles/6554393/El-Paso-City/El-Paso-County/Texas/El-Paso-employees-pension-fund-reports-1007-billion-in-assets-trustees-hear-May-performance-rebound-and-capital-call-timeline","https://secure.pipeline.soar.com/6554393-6bb19d2f885d14edfd0d4b3b90e606c2/orig.mp4?Expires=1774929486&Signature=BXpYwayfm7ngAcW3blNU86eXhpRDZZKExffGyUV-g1xu0SOCeLTGJNttnD~mQI9i~cZu2PcOyOmlDEIq-IDYgQioXSzrRRRkzKJzubj-EOpsNgMIyiwiSV2oc5A7p85VLHex9Dkkc~~EYxFWXLAaIfmAkkC1UKtXSfA4WhHRjeM4uHVgfpNlHnWF-3AyJznhOvXXGUvT2Ozt1BC-THKFjs5TV8-KxTkBD1HffHIfkwp~SwSnxVM1SMz1-yiQKLEQN5soXCdWtKajWAotl-QbUjvd6ifiq1hJt3B-9EcOyw6h1OoS3uqFKh7eOHcMXB-FIHdGC1~6H3uxf00pSwQV7w__&Key-Pair-Id=KUT5TJCACFTXG","The City of El Paso Employees Retirement Trust reported approximately $1.007 billion in net assets available for benefits as of May 31, 2025, and heard investment advisers describe a sharp month-to-month rebound in market returns.

Louis Meyer of the city controller’s office, presenting the treasurer’s report, told trustees “total cash and investments, dollars 1,004,000,000 approximately,” and outlined flows for the nine months ended May 31: receipts of about $46.7 million, net investment income of about $36.4 million and benefits paid to retirees of about $61.8 million. Meyer said quarterly net additions and investment returns left the trust with an ending net-assets figure “of approximately $1,007,000,000.”

The report and a separate monthly briefing from Kellen LLC showed the trust’s fiscal-year-to-date return had improved to roughly 4.42 percent after a volatile spring. Alex Ford of Kellen said May “turned out for risk assets to be 1 of the best months in years,” noting a strong rebound in U.S. equities and a roughly 6.3 percent return for the S&P 500 in May. Ford and the treasurer both cautioned that volatility remains high and world events can change trajectories quickly.

Why it matters: the figures drive actuarial planning and the board’s investment decisions. Trustees discussed tactical limits on rebalancing, operational limits imposed by commingled funds and timing needs for trades. Ford and trustees noted that some active managers are constrained by capacity and operational logistics: AllianceBernstein remains on the board’s watch list for underperformance and will report next month; Arrowstreet has outperformed but is closing strategies and cannot take additional contributions; the board recently committed to a third real‑estate manager (TA Realty).

Trust staff and advisers flagged upcoming private‑market cash flows: Ford said distributions in recent weeks added liquidity but noted a capital call from Adams Street expected June 25 for about $3,450,000. Trustees asked staff to account for the call when planning a rebalance; board members indicated a quarterly rebalance is planned after the investment committee meets next month.

Board members also discussed operational items tied to the finances. Robert Ashe, executive director, told trustees staff will propose a different budget presentation next month that includes previously unbudgeted items (investment management fees and some legal expenses) so the annual budget more fully reflects the fund’s total administrative cost. Ashe and trustees said the change will make year‑to‑year budget comparisons less direct but will provide more transparency about total fees paid.

Ending note: trustees instructed staff and advisers to continue monitoring manager performance, capital‑call timing and rebalancing opportunities and to report back at the next investment‑committee and regular meetings.","Trust staff told trustees the fund’s net assets were about $1.007 billion at May 31, 2025. Board advisers reported a strong May for equities, continuing volatility, planned rebalancing next month and a $3.45 million capital call expected June 25.","actionData","errors"]

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Retirement trust approves amended job descriptions for benefits clerk and technician; staff changes ahead

Trust advisers recap Texas legislative session: proxy-advisory bill moves while fiduciary bill stalls

El Paso employees pension fund reports $1.007 billion in assets; trustees hear May performance rebound and capital-call timeline