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The board approved 2026 annual pension benefit increases totaling a monthly benefit amount of $505,248.41 and accepted financial reports showing $64,664,036.91 in net position held in trust for pension benefits as of December 31, 2025.
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The board approved the yearly pension benefit increases for retirees and reviewed the fund’s finances. It also approved bill payments totaling $78,453.63, updated banking and signing authorization, and renewed fiduciary liability insurance for March 1, 2026 through March 1, 2027. The meeting also confirmed new member admissions and one retirement in the pension fund.
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