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Retirement board approves $250,000 withdrawal and accepts fund report
Summary
The county retirement board approved a motion to transfer $250,000 from the retirement fund and accepted a report showing an increase in market value and a revised advisory fee schedule now that the fund exceeds $50 million (figures reported from the meeting transcript).
The retirement board voted to withdraw and transfer $250,000 from the county retirement fund after hearing a routine financial report. Chair Tim opened the session and members approved minutes and routine motions before considering the financial update.
Controller Edwards presented the retirement fund report and summarized…
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