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FCPS OPEB committee reviews March investment performance; county executive proposes $1 million deposit
Summary
At a committee meeting, FCPS OPEB trustees heard a March 31 investment review showing a small quarterly decline but fiscal‑year gains, and received a budget update noting a proposed $1 million county deposit pending council approval by May 31.
The Frederick County Public Schools OPEB Committee reviewed investment results through March 31 and received a budget update noting a proposed $1,000,000 county deposit to the district’s OPEB trust, committee members said.
Tanya (staff member, presenter) reported that the fund’s assets were down about 1% for the quarter and that fiscal‑year‑to‑date returns through March were 3.9%, about $6.7 million above the starting position. "Not a not a terrible quarter for for the fund, I would say," Tanya said. She told the committee the fixed‑income allocation—which the group increased from 30% to 40% at the end of 2024—helped cushion the quarter because bond returns were positive, while U.S. equities were down roughly 5% for the quarter.
Tanya said international equity managers outperformed U.S. equities, with developed international markets up…
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