City Employee Pension Fund Board Meeting (July 28, 2026)

The City Employee Pension Fund Board held a meeting on July 28, 2026, to address several administrative and financial matters related to the pension fund. Key procurement-related discussions included the approval of a special election to fill a board vacancy and the ratification of payroll transfers. The board also approved a 3% cost-of-living increase for retirees and beneficiaries, aligning with recent urban county government pay raises. Financial reports highlighted the pension fund's strong performance, with a total market value of approximately $43 million and an overfunding status. Investment portfolio reviews discussed asset allocation adjustments, including tactical shifts from small-cap equities to fixed income, and considerations regarding passive versus active management strategies. The board requested additional comparative performance data for future meetings to inform investment decisions. No new contracts or vendor selections were reported during this session.