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The board approved transferring the full balances of two investments into the SSGA Russell 3000 Index and investing any excess cash there at the next available transaction date.
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The board approved a portfolio update intended to broaden the retirement fund’s stock-market exposure. The change moves money from the SSGA S&P 500 Index and SSGA Russell 1000 Index into the SSGA Russell 3000 Index, which represents a broader range of companies. The motion passed by a 3–0 vote among members voting, with two members absent.
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