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The board approved the draft December 31, 2024 audit, warrants, new hires, refunds, and one month of creditable service. The retirement fund was valued at $293.9 million as of March 31, 2026, after a 3.5% loss in March.
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The board approved routine financial documents, employee membership actions, and refunds from the retirement system. Investment performance was negative for March and the first quarter, although the fund's one-year return remained positive at 8.1%. The board also planned a deeper review of underperforming investment managers at its next meeting; outcomes from executive-session discussions were not provided.
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