Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
LTSS fund tops $3 billion; State Investment Board working on equity allocation
Summary
State actuaries and SIB staff told the Commission the LTSS fund has grown to more than $3 billion, early premium collections were ahead of projections, and SIB is developing recommendations to add equities to the portfolio.
The LTSS Trust Commission received updates on premium collections, actuarial monitoring and investment strategy during the April 29 meeting.
Ben Vechte reported that premium collections for the first two quarters of the fiscal year totaled about $782 million and that program expenditures through the same period were roughly $32 million, or about 4% of premium revenue. "As such, we are on track to exceed our projected premium revenue for FY26," Vechte said.
Luke…
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
