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Consultants tell Lebanon County pension board 2024 ended strong; 10‑year return ~6.4%
Summary
Stifel Financial and CS McKee presented a fourth-quarter pension report showing a year-end fund balance decline in the fourth quarter but year‑to‑date growth and a 10‑year annualized return around 6.41%. Presenters noted allocation and liquidity positions and urged signing an updated investment policy statement.
Stifel Financial and CS McKee representatives briefed the county pension board on fourth-quarter and year-end performance and the portfolio outlook.
Brett Holland of Stifel and colleagues presented the pension's fourth-quarter and year-to-date numbers. The plan began the fourth quarter with $143,182,090; after withdrawals for retiree payments and a negative return during the quarter, the plan's year-end…
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