Bucks County Retirement Board Meeting - January 22, 2025.

The Bucks County Retirement Board held a meeting on January 22, 2025, primarily addressing pension-related matters. Public comments focused on dissatisfaction with the lack of a cost of living adjustment (COLA) for pensioners, highlighting concerns about pension value and county tax policies. The board reviewed and accepted the December 2024 secretary's report, which detailed member contributions totaling $1,510,000, refunds of $428,187 to former employees, and death benefit payments of $592,500. The retirement fund's investment accounts were reconciled with a market value of approximately $996 million and a 9.64% market performance for the year. A procurement-related item included approval of a request by Robert J. Delin to purchase a leave of absence period at a cost of $3,237.67. The meeting concluded with no further matters and adjournment.