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Actuary reports Windham pension returns near 13%, funded ratio rises to about 92%
Summary
A Milliman actuary told the Windham Board the pension plan returned nearly 13% in fiscal 2024–25, lifting the funded ratio from roughly 85% to about 92%; the presenter emphasized market volatility and diversification and the board asked follow‑up questions.
At the Jan. 21 meeting the Windham Board of Education heard a pension valuation from Milliman actuary Yelena Pelletier. Pelletier said the plan’s assets returned close to 13% for fiscal 2024–25, which increased the funded ratio from approximately 85% to nearly 92%.
Pelletier explained that the actuary’s valuation uses updated census and asset data, combined with plan assumptions such as salary growth and expected retirements, to recommend required contributions. She highlighted market volatility and the importance of a diversified portfolio to manage downside risk, and described fiscal 2024–25 as "a nice quiet year." Board members asked questions during and after the presentation; Pelletier answered queries about assumptions and how returns affect contribution recommendations. No board action was required on the presentation.
The presentation was informational; any changes to contribution policy or plan provisions would require further study and formal action by the board.
