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Board receives April forfeiture report showing $1.3 million balance
Summary
The board received the April 2025 forfeiture report: a $1.3 million balance, about $111,000 in April forfeitures, approximately $1.1 million year-to-date, and an $800,000 withdrawal earlier this year to fund pension contributions.
The Oklahoma County Retirement Board received the April 2025 forfeiture account report, which showed a balance of about $1.3 million and April forfeitures of roughly $111,000.
“...the forfeiture account as of the April has a balance of $1,300,000. We've received a hundred and $11,000 in forfeitures in April, which is close to where we've been at average the last several years. We've received about 1.1 in forfeitures this fiscal year with 2 months remaining,” a staff presenter reported. The presenter also reminded the board that $800,000 was taken from the forfeiture account earlier in the year to fund the pension plan after the board went over a required minimum contribution.
A motion to receive the report was seconded and approved by voice vote. The action placed the figures on the board’s record; no additional funding decisions were made during the meeting.
