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The board approved an updated investment policy statement by a 4-0 vote. The pension fund had $13,689,812 in assets as of September 30, 2025, with a 5.31% gross return for the quarter, compared with a 5.38% benchmark.
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The policy update brings the fund’s investment rules into line with applicable state and federal public-pension policies. The board did not recommend changing the fund’s asset allocation. It also renewed its 2026 membership and received training on trustee responsibilities, public records, ethics, benefits, and expenses.
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