Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
Retirement board reports March disbursements of $538,196.78 and a $4 million portfolio decline
Summary
The retirement controller reported March monthly benefits of $531,300.42, refunds of $6,896.36, total disbursements of $538,196.78, reimbursement to the county of $256,463.11, and a portfolio value drop of about $4,000,000 from the previous month.
The retirement controller presented the March retirement activity and financials to the board. Monthly benefits totaled $531,300.42 and refunds were $6,896.36, producing total disbursements of $538,196.78. The board was told the retirement fund reimbursed the county $256,463.11, bringing a combined total reported of $794,604.09 for the reimbursement and disbursements described.
The controller reported the portfolio value as of March 31 and noted a decline of roughly $4,000,000 from the prior month. The controller also reported three retirement refunds, one deceased retiree on behalf of the retirement board, and extended condolences to a named family.
No policy changes were made at the retirement meeting; board members moved to ratify warrants and direct standard administrative actions. The retirement meeting adjourned after the presentation.
