Portsmouth Supplemental Retirement Board Meeting May 7, 2026 Portsmouth, Virginia

Portsmouth Pension Board · May 11, 2026

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49:52

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49:52

Opening and roll call

Presentation

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Chair Mark Gardner called the meeting to order, noted member Landon Moore was absent and asked for roll call; multiple members answered 'Here.'

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Consultants reported that equity markets rebounded in April, lifting plan-year returns for the Portsmouth pension plan to about 13.5% net of fees, but the fire & police plan’s funded ratio was reported at 71% as of March; a delayed employer contribution was cited and expected to raise the ratio in April.

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Transcript

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