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Board hears strong investment performance; fiscal year return above actuarial assumption
5418792 · July 16, 2025
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Summary
Staff reported the system’s fiscal‑year returns outperformed the actuarial target, with strong June performance driven by equities; board discussion limited to questions about allocations and administrative reminders.
Staff reported to the Imperial County Board of Retirement that the pension portfolio finished the fiscal year with robust returns: a 2.57% gain for June and a fiscal‑year return of 10.57%, above the actuarial assumption of 6.75%.
Bridal Kelly (investment staff) summarized market drivers cited for June —…
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