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The Board approved liquidating the Brandywine Large Cap Value account and transferring the proceeds to American Funds Washington Mutual R6, with the motion carrying 5-0.
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The pension fund reported $42.55 million in assets as of December 31, 2025, with investments aligned with policy targets and no rebalancing recommended. The Board also authorized staff to obtain three fiduciary insurance quotes and renew coverage with the lowest-cost option. An ordinance creating a Deferred Retirement Option Program remains under revision and has not been adopted.
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