The board approved two private-equity searches with target allocations of up to $15 million each and approved contributing $3 million to PRIT Real Estate. The system was up 2.93%, compared with 2.83% for PRIT.

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Briefing

Mar 10, 2026

Retirement Board Approves $26 Million Portfolio Reduction

The board unanimously approved reducing equity investments by $26 million and holding the proceeds in cash to return the portfolio to its asset-allocation target.

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Briefing

Feb 19, 2026

Retirement Board Approves Key Changes

The board approved $15 million in investment transfers and voted to request raising the cost-of-living adjustment base to $14,000, subject to City Council approval. Both actions passed with four votes in favor and one member absent.

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Briefing

Jan 22, 2026

Retirement Board Approves Benefit Actions

The board approved five retirement benefit calculations totaling $110,719.32 annually, subject to approval from PERAC, and approved $2,824,032.89 in bills and warrants.

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Briefing

Jan 12, 2026

Retirement Board Approves Investment Changes

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.

1 min readMunicipal coverage