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Pension board reports strong returns; commissioners weigh COLA and a line-of-duty death benefit
Summary
Pension-board rep told commissioners the DeKalb County pension fund returned about 14.73% year-to-date and is ~70% funded on the presented basis; staff provided cost estimates for a 2% COLA (~$2.99M) and for moving group 3 participants to group 2 (~$18.9M annually). Commissioners asked staff to analyze retroactivity for a proposed line-of-duty death benefit.
A pension-board representative told DeKalb County commissioners the county's pension fund has posted unusually strong returns this year and presented several benefit-change scenarios commissioners may consider in the 2026 budget cycle.
"We have earned 14.73% year to date," pension-board representative Mr. Wall said while reviewing fund performance. His slides showed a market-value snapshot of about $1.0 billion and a projected funded ratio near 70% given recent gains. Mr.…
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