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The pension portfolio returned 3.3% through February 2026, rising from $610 million at the start of the year to an ending market value of $630.7 million. The board also maintained a 40% fixed-income target and discussed, but did not decide, whether to update employee pension buyback rates.
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The pension fund gained about $20 million in investment returns during the first two months of 2026, while receiving $104,691 in net contributions. The board unanimously approved pension administration items, prior meeting minutes, and four invoices totaling $37,813.28. Buyback service rates have not been reviewed in 20 years; staff will research updated rates, calculation costs, and possible changes before the board considers next steps.
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