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The board approved benefit payments, warrants, an investment-policy update, and an audit engagement, with each vote passing 5-0. It also reviewed a proposed share-plan benefit that would be retroactive to October 1, 2024, pending further approval.
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The pension fund reported a portfolio of $49,788,543 as of September 30, 2025, up from $47,136,365 at the end of June. Its investment consultant said the fund had exceeded its benchmark by more than 90 basis points for 2025, while the board requested alternatives to an underperforming investment manager. A review of benefits for former members who moved to the Florida Retirement System was postponed until February 18, 2026.
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