Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Bel Air pensions show strong funding: civilian plan 86.8% funded, sworn plan 102.4%
Summary
The town’s actuary reported investment returns that improved funded ratios: the civilian pension was 86.8% funded as of June 30, 2025, while the sworn plan exceeded full funding at 102.4%; trustees will complete experience studies and consider long‑term assumptions and COLA options.
Town staff briefed the board on actuarial results for the town’s two pension plans for the year ending June 30, 2025, reporting strong investment returns and healthy funded ratios.
The actuary reported a market value return of 9.8% and an actuarial return of 8.1% for the civilian plan; the plan’s funded ratio stood at…
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
