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Norwalk City pension boards approve retirement benefits and shift about $25 million to Emerald manager
Summary
The Norwalk City pension boards approved multiple retirement benefit requests, authorized a roughly $25 million reallocation from Principal to Emerald for small-cap growth, and denied a former employee's appeal after executive session.
Norwalk City’s pension boards approved several retirement benefit requests and authorized a roughly $25,000,000 transfer between investment managers during a meeting that also included an executive-session appeal the board ultimately denied.
Chair Jim Hendrickson opened the meeting and the board approved minutes and pension applications for multiple former employees. The board approved Paula Rossi’s deferred-retirement request…
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