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The board unanimously approved Boston Partners’ request to raise the maximum position limit for Amazon holdings above the current investment guidelines. It also discussed transferring approximately $345,000 from the portfolio’s cash account for fiscal year 2025-26 expenses, with about $50,000 more projected for the following year.
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The investment change allows the pension fund to hold a larger share of Amazon than previously permitted under its guidelines. The board has not yet approved a rebalancing plan for the expected expense transfers and will discuss that with Captrust at its next meeting. A contract change also ended the Public Safety Director’s required pension contributions, aligning the position with other members.
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