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GERS reports December collections, a December net cash deficit and year-to-date withdrawals from investments
Summary
The treasurer reported December 2024 receipts and disbursements for GERS and for the Haven Site. The system reported a monthly net cash deficit in December and year-to-date withdrawals from the investment portfolio to cover benefit payments.
The board received the Government Employees Retirement System schedule of receipts and disbursements for the month ending Dec. 31, 2024. The treasurer reported employer and employee retirement contributions and loan repayments and detailed disbursements including annuity payments and administrative expenses.
Key figures read to the board: employer…
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