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Pension advisor tells Noble County Council portfolio up about $1.03M in 2025; funding pressure for deputies discussed
Summary
Mike Daxel presented a pension‑plan update showing a combined portfolio value of roughly $9.1 million (Dec. 31), about $1.03 million in 2025 investment gains, 60% equities/37% fixed income allocation, and discussed recommended county contributions and funding pressures tied to riverboat and public safety tax revenue.
At the Noble County Council meeting Feb. 2, pension advisor Mike Daxel gave a portfolio briefing and answered council questions about funding and contribution levels.
Daxel told the council the combined portfolio value was about $9.1 million as of Dec. 31, with the pension plan representing roughly $8.5 million and the benefit plan about $750,000. "For the…
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