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The board unanimously authorized preparing a contract for an additional approximately 5% real estate allocation, moving the firefighters’ pension plan toward a 10% target, with funding anticipated for the March 31 window.
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The change would shift part of the pension fund into a real estate investment combining private real estate and publicly traded real estate holdings. The board also approved updated investment rules, including restrictions on investing in companies identified under anti-boycott and other state-required lists. These decisions govern the firefighters’ retirement fund and do not change current public services.
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