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Retirement System reports $547.8 million market value; trustees accept treasurer and investment reports
Summary
Trustees received the treasurer’s and investment officer’s reports showing a $547.8 million ending market value for the plan, January returns, net cash movements and property appraisal increases for St. Thomas, St. Croix and the Haven Site Mall; motions to accept those reports were approved.
Trustees of the Government Employees Retirement System received treasurer and investment reports on Feb. 27 that showed the plan’s ending market value for January 2025 at approximately $547.8 million and a monthly total-plan return of 2.2 percent.
Mr. Henderson, the system’s investment officer, reported that “total plan returned 2.2% for the month” and noted domestic equity, international equity, fixed income and alternatives performance. Henderson said the plan raised $19,000,000 in January to meet benefit and expense needs, drawing from a mix of equity and bond holdings.
Ms. Jeremiah, the system’s CFO, provided the treasurer’s receipts and disbursements summary for the month ending Jan. 31, 2025: total collections…
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