Groton Retirement Board - 5/14/26

The Groton Retirement Board held a meeting on May 14, 2026, primarily focused on pension fund management and investment performance. Key procurement-related actions included the acceptance and filing of the actuarial valuation report and authorization of payments from retirement funds for retirement benefits. The board discussed recent portfolio adjustments, including adding US equity factor-based strategies, increasing allocations to high yield bonds and emerging markets, and rebalancing to manage inflation risks. Investment managers provided detailed market analysis, performance reviews of various funds, and discussed the use of AI for reporting but not for investment strategy. The board also reviewed the interest rate applied to employee contributions, setting it at 5.04% based on the federal midterm rate, and approved motions to accept and file related reports. No new contracts or vendor selections were reported, but ongoing oversight of investment management and fund performance was emphasized.