Groton Retirement Board - 11/12/26

The Groton Retirement Board met on November 12, 2026. The Finance Director reported approximately $3.4 million in quarterly expenditures, primarily scheduled pension payments averaging about $1.1 million per month, plus $61,000 in returned contributions. The report also cited approximately $6.1 million in town and Board of Education employer contributions and investment revenue that included about $806,000 in dividends and $2.7 million in realized gains. The board approved corrected prior minutes and approved a motion authorizing payments for Jennifer Stanford and Michael McCarthy; the transcript does not specify the amounts or purpose of those payments.

An investment representative reviewed market conditions and portfolio performance, including a portfolio value of approximately $181.1 million at the end of September, and answered questions about AI and NVIDIA exposure. The board voted to move its 2027 meeting date that fell on Veterans Day from November 11 to November 18, and adjourned. No procurement activity, contract awards, or purchasing decisions were identified.