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The board unanimously approved new allocations for the fire fund, police fund, and O&E fund, and rescinded real estate redemptions effective June 30, 2025, with dividends directed to cash quarterly.
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The decisions changed how the city’s aggregate pension funds were invested. Real estate redemption requests will no longer proceed after June 30, 2025, and related dividends will be held as cash each quarter. The board also reviewed preliminary actuarial valuation results and updated mortality-table information.
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