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The Pension Board unanimously approved changes to its investment policy, reducing the domestic equities target by 2% and setting targets of 7% for emerging markets and 15% for developed markets.
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The changes separate developed and emerging international investments so the board can track them more closely. The board also approved eight verified pension benefit awards and commissioned a required actuarial valuation as of July 1, 2026. Officials reported no major concerns with the portfolio despite recent market volatility.
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