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Investment adviser reports pension, OPEB and 457 plans outperformed medians year-to-date; fees negotiated lower
Summary
An investment adviser reported York County’s pension fund was up about 11.5% year-to-date through the third quarter, OPEB approached $48 million, and negotiated fee reductions lowered annual management costs.
An investment adviser identified in the meeting transcript as Lee delivered an update on York County’s pension, OPEB and 457 plans during the Oct. 15 meeting.
Lee said the defined-benefit pension fund ended the third quarter with assets reported around $621,000,000 and year-to-date performance above 11.5 percent. The adviser said the fund’s returns have outpaced median peer performance over longer horizons…
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