Sheriff's pension plan 73.6% funded; county pursuing accelerated contributions
Morgan County's sheriff pension plan is funded at 73.6% and has grown from $8.7 million to $14.8 million since inception; the county adopted an accelerated contribution pace about two years ago to reduce long-term liability, officials said.
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Sheriff Rich Myers presented the annual sheriff's pension report and introduced Chris Calloway of Baird to review fund performance. Calloway reported that "the plan is funded at 73.6%," and said the fund's assets increased from $8.7 million to $14.8 million since inception, a gain of $6.1 million.
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