Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
El Paso employees pension fund reports $1.007 billion in assets; trustees hear May performance rebound and capital-call timeline
Summary
Trust staff told trustees the fund’s net assets were about $1.007 billion at May 31, 2025. Board advisers reported a strong May for equities, continuing volatility, planned rebalancing next month and a $3.45 million capital call expected June 25.
The City of El Paso Employees Retirement Trust reported approximately $1.007 billion in net assets available for benefits as of May 31, 2025, and heard investment advisers describe a sharp month-to-month rebound in market returns.
Louis Meyer of the city controller’s office, presenting the treasurer’s report, told trustees “total cash and investments, dollars 1,004,000,000 approximately,” and outlined flows for the nine months ended May 31: receipts of about $46.7 million, net investment income of about $36.4 million and benefits paid to retirees of about $61.8 million. Meyer said quarterly net additions and investment returns left the trust with an ending net-assets figure “of approximately $1,007,000,000.”
The r…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
