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Columbia County approves $4.7 million switch of pension Large‑Cap manager
Summary
On March 19, 2026, Columbia County commissioners approved Castle Consulting's recommendation to sell Oakmont Large‑Cap and buy Schwab Large‑Cap, moving $4,713,405 of county pension assets; the motion passed unanimously.
Columbia County commissioners on March 19 approved a recommendation from Castle Consulting to move $4,713,405 of pension assets from Oakmont Large‑Cap to Schwab Large‑Cap.
The board met at 2:00 p.m. in the Commissioners Conference Room. Commissioner Kovach moved to accept Castle Consulting's recommendation; Commissioner Brewer seconded and the motion carried with all commissioners voting in favor.
The change represents a manager reallocation within the county's pension portfolio. No public discussion or recorded dissent on the recommendation appears in the meeting record.
Attendees listed in the meeting minutes included Commissioners Brewer, Karschner and Kovach; Solicitor McDonald; Chief Clerk David J. Witchey; and several staff and remote participants. Chief Clerk Witchey attested to the minutes following the vote.
The action was recorded on the meeting agenda as the investment recommendation from Castle Consulting. The minutes do not specify performance targets, fees, or expected timeline for the transfer beyond the stated dollar amount.
The board adjourned after completing routine pension-plan items.
