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Judicial Forum Retirement System reports strong short‑term gains; SB 183 would require economic analyses for proxy votes
Summary
Beau Craycraft told the Public Pension Oversight Board the Judicial Forum Retirement System showed fiscal‑year‑to‑date outperformance through March, warned of negative cash flow driven by lower employer contributions, and summarized Senate Bill 183, which would require an economic analysis when the plan’s provider votes against management.
Beau Craycraft, executive director of the Judicial Forum Retirement System, told the Public Pension Oversight Board that the system posted fiscal‑year‑to‑date gains through March and outperformed its benchmark, but cautioned the plans remain on a negative cash‑flow trajectory tied to lower employer contributions.
Craycraft said the plans were up “just over 11%” fiscal‑year‑to‑date versus an index return of about 4.5%, with most relative outperformance concentrated in the first quarter of 2025. He credited Baird Trust, the plans’ sole investment provider, with preserving capital during the recent market decline. “Our model is unique,” Craycraft said, noting long‑term compounded returns near the high single digits over 20‑ and 30‑year horizons for the partnership with Baird Trust.
Why it matters: the Judicial Forum plans pay benefits to retired judges and are…
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