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Elk County retirement board reports strong 2025 returns; approves routine funding and crediting actions, declines immediate COLA
Summary
At a regular meeting, the Elk County Retirement Board reviewed a 2025 performance report showing roughly $3.035 billion in plan assets and a 16.22% return for the regular portfolio, approved the estimated $630,000 ADC for 2026 and several crediting/fee items, and declined to adopt an optional 3.3% COLA that would cost an estimated $432,791.
The Elk County Retirement Board reviewed year-end results and approved routine funding and administrative items at its meeting. The county’s chief clerk told the board the plan ended 2025 valued at about $3,035,000,000 and that the regular portfolio returned 16.22% in 2025, noting the fund is managed in a neutral 60/40 equity-to-fixed-income posture.
The board approved several staff recommendations affecting 2026 finances and participant accounting. By voice vote the board reaffirmed the county’s 1/80th benefit class (which mandates a 7% pretax employee contribution), approved an estimated actuarially determined contribution (ADC) of $630,000 for 2026, and set the interest-crediting rate on…
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