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Trinity County receives PARS trust performance update; board approves revised investment policy statement
Summary
PARS and PFM presented a quarterly review of Trinity County’s 1/15 combo trust (OPEB and potential pension prefunding). Trustees outlined account returns, funded‑ratio context and a proposed administrative update to the investment policy statement, which the board approved on a roll‑call vote.
Trinity County supervisors heard a presentation on the county’s PARS 1/15 combo trust for fiscal year 2024–25 and approved an updated investment policy statement (IPS) intended to reflect recent vendor consolidations and administrative updates.
Consultants from PARS and PFM Asset Management reviewed the trust structure and recent performance. The county’s OPEB account showed total assets of about $26.55 million as of June 30, 2025, PARS said; PARS reported net investment earnings of roughly $5.7 million since inception and an annualized rate of return near 5.8 percent. The account’s long‑term compound annual growth rate was listed at 5.84 percent.
PARS reported that the most recent actuarial valuation…
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