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The board unanimously approved modest changes to its Investment Policy Statement, including reducing core real estate allocation from 8% to 5% and increasing real estate value-added allocation from 2% to 3%. It also approved a new school Speech and Language Pathology Assistant position for retirement membership, two retirements, new members, buyback and transfer requests, and $1,304,539.60 in March payroll.
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The investment changes adjust how the retirement system’s roughly $193.7 million portfolio is allocated without substantially changing its overall mix. The board also approved retirement-system eligibility for a new school position and processed employee memberships, retirements, service purchases, and transfers. Approved March expenses totaled $160,808.16.
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