Pension Committee - May 20, 2026

The City of Murfreesboro Pension Committee met on May 20, 2026, to discuss updates to the city's pension plan and review investment performance. Key procurement-related discussions included potential amendments to the pension plan to comply with new IRS guidelines, specifically regarding required minimum distributions and lump sum cash-outs for participants with small benefits under $7,000. The committee considered actuarial input to assess the financial impact of these changes. Additionally, Fiducian Advisors presented the first quarter and April investment performance reports, highlighting positive fiscal year returns and discussing asset allocation strategies, including potential adjustments to real asset investments. No contract awards or vendor selections were made during this meeting, but ongoing oversight of investment management and actuarial services was emphasized. The committee also confirmed member appointments for continued service.