Apr 8, 2026Board meeting
Eppac Meeting
The meeting focused on a review of the pension fund's fee structure compared to market benchmarks. The committee agreed to move away from tiered fee structures and accepted a proposal for a single fee rate, resulting in an immediate reduction in management fees. Additionally, the investment consultants provided a quarterly performance report, noting that despite market volatility, the portfolio remains well-diversified. Discussion also covered the impact of excluding investments in China due to new state legislation, an update on US economic growth, and the resilience of market performance during various geopolitical events.