Groton Retirement Board - 8/13/26

The Groton Retirement Board meeting held on August 13, 2026, focused primarily on reviewing the pension fund's financial performance, investment strategies, and actuarial assumptions. SEI representatives presented a detailed analysis of the fund's asset allocation, highlighting positive returns and recent adjustments such as increased exposure to US equity factor funds and emerging markets debt to manage risk and improve diversification. The board discussed maintaining the current assumed investment return rate at 6.75%, with considerations for potential future adjustments based on market conditions and capital market assumptions. Additionally, the board reviewed an experience study recommending updates to demographic and economic assumptions affecting pension liabilities and contributions. Motions to approve meeting minutes and investment strategy adjustments were passed unanimously, with plans to implement portfolio changes in September. Overall, the meeting emphasized prudent management of pension assets and actuarial assumptions to ensure long-term fund sustainability.