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Advisors report fourth-quarter gains and multi-year returns for pension plans
Summary
ACG financial advisor Dan Flynn told the board the Non-Uniform plan returned 2.36% in the most recent three months and 6.18% over five years; the Police plan returned 2.34% for the quarter and 6.68% over five years, with ten-year returns near 8%.
Dan Flynn of ACG reviewed investment performance for the pension plans. He reported that the Non-Uniform plan had a 2.36 percent three-month investment return while the Police plan had a 2.34 percent three-month return. Flynn also provided longer-term performance: five-year returns of 6.18% (Non-Uniform) and 6.68% (Police) and ten-year returns of 7.97% and 8.52%, respectively.
Board members received the performance overview; no reallocations or asset-allocation changes were recorded in the minutes. The financial advisor's report provides context for the plans' funding and future contribution discussions.
