Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Lackawanna County pension board hears CS McKee report showing double‑digit returns; approves performance report
Summary
CS McKee told Lackawanna County trustees the pension portfolio returned just over 13% year‑to‑date and reached roughly $242–245 million; the board approved the performance report and requested an added quarter‑to‑date comparison column. Kim Rose attended her first meeting as deputy controller.
Lackawanna County pension trustees on Friday heard an investment performance presentation from CS McKee and unanimously approved the meeting minutes and the quarterly performance report.
Shane, a CS McKee representative, told trustees the portfolio began the year at about $215,000,000, incurred roughly $1,500,000 in pension‑related distributions through the first three quarters, and generated approximately $28,400,000 in investment gains — a year‑to‑date return of just over 13% that left the portfolio’s market value in the low‑to‑mid $240 millions by late November. Shane said both equities and fixed income contributed, with an international equity sleeve up nearly 30% and fixed…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
