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Public-safety pension board reports 101.9% funded but flags underperforming real-estate allocation
Summary
A volunteer board member reported the public-safety pension plan is slightly over 100% funded, with about $26 million in assets and 41 members; the plan’s real-estate allocation has underperformed, and the board has requested redemption and adjusted allocation guidance.
A volunteer member of the Village of Tequesta public-safety pension board updated the council on the plan’s performance, saying the fund is well funded overall but that a real-estate allocation has been a persistent problem.
Christopher, a pension-board volunteer, told the council the plan’s actuarial valuation showed just over $26 million in assets and about 41 active members (the presentation combined…
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