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Warren County pension fund falls about $1.7 million in fourth quarter, board told
Summary
At a Feb. 19 meeting, a consultant reported the Warren County pension plan fell from $44,174,542 to $42,453,430 during Q4 2024 and described the quarter as underperforming; no policy changes were recorded.
Don Nicholson, a consultant present at the Warren County Retirement Board meeting on Feb. 19, reported that the pension plan began the fourth quarter of 2024 with $44,174,542.00 and closed the quarter at $42,453,430.00.
Nicholson delivered the investment overview for Oct.–Dec. 2024 and stated that “the fourth quarter did not perform as well as expected,” characterizing the quarter as an underperformance relative to expectations. The transcript does not record any motion or formal decision to change investment policy or asset allocation during the meeting.
Board staff and the clerk recorded the numeric details and noted the shortfall; no additional explanations, comparisons to benchmarks, or remedial actions were included in the minutes. Kimberly Henry of NW Retirement Services was on the phone but no verbatim comments from her are recorded in the transcript.
The meeting record shows the board handled standard administrative business in the same session, including an update on authorized signatories and approval of prior minutes, and then adjourned at 1:40 p.m.
