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All three Rockledge retirement boards approved lowering the assumed annual rate of return to 7.25% and continuing 0.10-percentage-point reductions annually for the next three years. The plans also gained approximately 5.5% in the latest quarter and about 13% for the fiscal year, exceeding the 12.6% benchmark.
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The lower investment-return assumption will be used in future pension valuations and is intended to be reviewed annually. The boards also approved updated plan and investment policies, including restrictions on investments in companies on the state’s anti-boycott Israel list. The boards adopted their 2026 meeting schedule and approved related administrative, membership, and reporting actions.
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