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Augusta City committee receives strong 2025 pension results; COLA set at 2.2% per plan documents
Summary
An adviser told the committee the city's two municipal pension plans posted double-digit returns in fiscal 2025 and remain well funded; members received the report and were informed of a 2.2% cost-of-living adjustment for both plans under plan rules.
Heather Siegler, the presenter on the pension accounts, told the Augusta City committee that the city's two pension plans posted strong returns in fiscal 2025 and remain in good funding position. She said, "We had a really good year," and noted the S&P 500 was up 2.65% for the fourth quarter and "ended the year up just over 17.8%." Siegler also reported that international markets outperformed domestic markets in 2025 and that fixed income returns benefited from several Federal Reserve rate cuts late in the year.
Siegler gave plan-level figures for both accounts. For the 1949 plan she said the fund began the fiscal year at just over $77,801,000, paid about $8,481,000 in distributions, earned roughly $11,240,650 in…
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