Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Trustees approve limited retiree loan program with $15 million portfolio and 8% interest
2459684 · March 1, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
The board approved a one-year limited retiree loan program recommended by the investment committee, setting loan size, term and interest-rate parameters and allocating $15 million to the program.
The Board of Trustees of the Government Employees Retirement System on Feb. 27 approved a one-year limited retiree loan program recommended by the investment committee, establishing loan-size limits, a five-year maximum term and an annual interest rate of 8 percent.
The investment committee recommended program parameters including a maximum loan amount of $7,500, a…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
30-day money-back on paid plans
