Pension Board Meeting

At our luncheon this past Monday I promised to update you on any newsworthy information occuring at the pension board meeting today. The following may be of interest to you.
1. As of 8/31/12 the investment return was +19.8% with a market value of $1.572 billion. I was told it is up even a couple of percentage points more by now. The pension office will announce the approximate final fiscal return after Tuesday of next week.
2. The search for a new plan attorney is down to the final four (sounds like a college basketball playoff) and the board will accept presentations prior to the board meeting on Oct. 24th. They should decide then.
3. No decision yet from the appeals court on the Parker Law Suit interest money.
4. Fire trustee Wes Adwell has at least one candidate he supports to replace him. He will try to bring him to our Oct. 4th meeting. Try to attend as we will have more information for you at that time. See you there!

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