Shelton City pension board flags one international fund for watch, discusses enrollment and education

The Shelton City Pension Board reviewed its retirement plan investments at a meeting on May 21, 2025, identifying one Empower international equity fund that narrowly failed the board’s pass/fail criteria and discussing possible administrative changes and employee outreach. No formal change to the plan’s investment lineup was adopted during the meeting.

Board advisers told trustees that the Empower international blend fund — which holds about $213,000 in the plan accounts reviewed — fell below the board’s passing threshold in the review window because of weak historic peer-rank performance and a recent change in portfolio management. The advisers noted the fund’s current management tenure at roughly 1.3 years, short of the board’s documented tenure criterion (3 years), and recommended placing the fund on watch for further monitoring rather than an immediate removal.

The recommendation matters because the board’s…