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Trustees hear brief market update; pension and health care trust returns positive year‑to‑date
Summary
Staff reported fiscal year‑to‑date estimated returns of 3.94% for the pension plan and 4.48% for the health care trust, and said there were no major investment items requiring board action at the meeting.
Board members received a brief investments update during the meeting. Staff said it had been an eventful morning in markets but that there were no significant investment items requiring board action for this session.
Staff reported estimated fiscal year‑to‑date returns (not including that day’s trading) of 3.94% for the pension plan and 4.48% for the health care trust. Trustees had no follow‑up questions at the time and the board moved on to other agenda items.
Staff noted the update was high level and invited trustees to raise questions if they wanted a deeper briefing at a future meeting.
