New Castle County Government Employees' Pension Program Regular Meeting Minutes
The Board reviewed and approved invoices and benefit applications, including service retirements and lump sum benefits. The Coordinator's report on payroll and pension assets was presented. Key business included authorizing legal services to obtain an IRS letter for the 2011 plan and a review of the Preliminary Investment Performance report. Additionally, the Board discussed policies regarding the retention of meeting video recordings.
Mar 18, 2026·Board meeting
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New Castle County Government Employees' Pension Program Minutes
The Board of Trustees conducted a regular meeting to address financial and operational matters. Key agenda items included the approval of various service, survivor, lump sum, and refund retirement benefits, and the authorization of invoice payments for consulting and banking services. The Board approved revised bylaws and standing rules. Furthermore, the Board reviewed and accepted the annual external audit report and the annual actuarial valuation report, including the approval of recommended County contribution rates and amounts for various employee groups. Investment matters were addressed through a presentation on a new value-add real estate fund, resulting in a commitment approval, and a review of the preliminary investment performance report.
