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Retirement board hears positive review of international manager; pension funding reported near top 5% in state
Summary
The Greene County retirement board met Jan. 30 to review investment manager performance and heard that Henry James International has contributed positive returns; the board noted roughly $900,000 in gains since 2018 and said the pension plan sits in the high 90s (percent funded), placing it among the top county plans in the state.
The Greene County Retirement Board on Jan. 30 received an investment-review update that the county’s international manager, Henry James International, has performed well. Board members reported roughly $900,000 in returns since 2018 tied to international holdings and described the fund as diversified across several sectors and geographies.
Board members said the pension plan’s funded ratio has been in the high 90s (percent funded) and that Greene County ranks among the top 5% of counties in the state for pension plan funding. The discussion noted that diversified holdings (including international banks and other equity positions identified in the manager review) were intended to reduce volatility and liability for retirees.
Board members framed the strong funding level as a recruiting benefit for county employment and encouraged interested candidates to review job postings with the county’s human-resources office.
Ending The retirement board concluded the update with routine adjournment; no formal votes were recorded in this portion of the meeting.
