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Suffield Retirement Commission votes to shift 20% of portfolio, moves $2.4M to fixed income
Summary
At its May 14 meeting the Suffield Retirement Commission unanimously approved a 20% rebalancing of its investment portfolio, reallocating approximately $2.4 million to fixed-income assets and $445,000 to cash for benefit payments after a first-quarter briefing from advisors Focus Partners.
The Suffield Retirement Commission voted unanimously on May 14 to rebalance about 20% of its investment portfolio, moving roughly $2.4 million to fixed-income assets and $445,000 to cash to cover near-term benefit payments.
Chair Kacy Colston convened the commission at 5:00 p.m. in the Town Hall meeting room and on Zoom for a regular meeting that included advisors from Focus Partners. Michael Lepore of Focus Partners presented the first-quarter 2026 investment report and said consumers “are not shaken at the rising costs of groceries and gasoline,” and that crude oil is trading “at $100 a barrel versus a high of $130 during COVID.” Claire Weil of Focus Partners summarized fund-level performance, noting that despite short-term market hiccups the portfolio showed a fair amount of net gains.
Commissioner Glenn Gazdik moved to rebalance 20% of the funds across the board; Commissioner David Mercik seconded. The motion described reallocating an estimated $2.4 million to fixed income and $445,000 to cash for benefit payments. The commission recorded the vote as 7-0 in favor.
During follow-up discussion commissioners raised the possibility of annuitizing some pension obligations. Mr. Lepore said he would consult with USI to determine the cost of an interim valuation and of pursuing a Pension Risk Transfer analysis.
Before the investment discussion the commission amended the minutes from its Feb. 19, 2026 meeting after a motion by Commissioner Mercik — the amendment passed 7-0. The meeting concluded with a motion to adjourn, also approved unanimously. The commission scheduled its next regular meeting for Aug. 13, 2026, at 5:00 p.m.
The town’s minutes note that, in comparison with many municipalities, Suffield’s pension is well funded; the minutes did not record any public input at this meeting.
