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Trumbull pension fund posts 15.72% gain in 2025; funded ratio 49.7%
Summary
The Trumbull Pension Board reported a 15.72% return for calendar year 2025 and a funded ratio of 49.7% (July 1, 2024 valuation). The board noted allocation changes and an assumed return lowered to 7%; officials said the closed plan may be exhausted around 2040 absent changes.
Patrick Clark, chairman of Trumbull’s Pension Board, presented the board’s annual update to the Town Council on July 13, reporting that the fund returned a gain of 15.72% for calendar year 2025 and that the funded ratio was 49.7% based on the July 1, 2024 actuarial valuation.
Clark summarized portfolio composition and governance: domestic and international equities comprised about 67% of the portfolio, fixed income roughly 20%, inflation protection and alternatives 10%, and cash about 1.5%. He said the board has incorporated alternative assets over the past five to six years—examples cited include real estate and litigation-finance investments—and that these helped returns while offering risk management. Clark noted the investment policy statement is reviewed annually and that the assumed long-term return has been reduced over recent years to a 7% target.
The board’s appended report shows plan assets of $61.7 million for calendar-year 2025 and actuarial-determined contributions of $5.897 million (July 1, 2024 valuation). Clark said the pension is a closed plan and projected it may be exhausted around 2040 absent further changes; he said actuary guidance on required contribution increases will inform future policy decisions.
The Pension Board will continue quarterly reviews with its investment consultant and expects to return to the council with any recommended changes to assumptions or contributions after further actuarial input.
