Pension Committee Meeting 10/15/2026

Glynn County Pension Committee meeting, October 15, 2026: The committee reviewed quarterly benefit applications and lump-sum payouts and received an investment portfolio update. The portfolio was valued at approximately $165 million, including about $2.5 million in cash, $37 million in bonds, and $125 million in stocks. The investment manager reported performance above the blended benchmark and discussed market risks, bond maturities, and a recent reduction in Corning holdings. Routine quarterly vendor payments were mentioned, but no vendors or amounts were identified.

The committee considered a written policy documenting existing procedures for permissive service-credit purchases, including cost calculations, applications, approvals, and payment rules; presenters said it would not create a new benefit or change current practice. A motion and second to adopt the policy were recorded, though the transcript does not clearly capture the vote outcome. No contract awards, solicitations, or other procurement activity were identified.