Aug 20, 2026BoardMeeting
BoardPension Board and Board of Finance Special Meeting Minutes
The board received an actuarial presentation regarding the Town and Police Pension and Retirement Income Plans, focusing on interest rate assumptions, actuarially determined contributions, and funded ratios, with a discussion on liability smoothing options. Additionally, the quarterly investment results were reviewed, covering the transition to Wealthspire, investment portfolio costs, market performance, and the status of investment managers.