Pension Health and Welfare Board Meeting Oct 24, 2024
PENSION
Assets as of 9/30/24 $468,867,000
Compared to 3/31/24 $443,386,000 and 3/31/23 $392,520,000
3rd Quarter earnings 5.1 % for the period ending on 9/30/2024
One year Return on Investment – 13.3%
Five-year Return on Investment – 8.8%
RSP
9/30/2024 $24,520,000
3/31/2024 $21,077,000
3rd Quarter Return on Investment 4.7%
One year Return on Investment 9.6%
Health & Welfare
As of 9/30/24 $35,278,000
3/31/24 $32,808,000
3rd Quarter Return on Investment 4.4%
One year Return on Investment 9.1%
Five-year Return on Investment 5.3%
MRA
As of 9/30/24 $22,320,000
3/31/24 $20,603,000
3/31/23 $18,222,000
One year Return on Investment 7.3%
Three months 3rd Quarter 4.3%
PENSION
Number of Retirees as of
August 31,2024 937
Number of Retirees as of
March 31,2024 927
Number of Retirees as of
March 31,2020 657
Number of Retirees as of
March 31,2016 494
HEALTH
1236 Active Participants as of August 31,2024
OF WHICH 956 Eligible
8 Cobra
272 Retiree Medical
MEDICAL
High-Cost Claimants (over $50,000) have
increased 26%. All claims up 11.4%
ADDITIONAL NOTES:
Replacing Todd Dotson:
Mandy Jo – New H&W Trustee
Rich Shuga – New Pension & RSP Trustee
Hiring Empower – Provides record keeping services for RSP so Benefits office staff doesn’t have to handle 4/1/25 start date
2024 – Pension Fund 123% funded as of 8/30/24
2025 – Pension Fund projected to be 125% Funded
