Pension Committee - August 19, 2026

The City of Murfreesboro Pension Committee held a meeting on August 19, 2026, to review the second quarter fiduciary governance calendar and investment performance of the pension portfolio. The committee received a detailed report from Fiducian on the portfolio's solid fiscal year results, including four consecutive years of actuarial gains and a well-diversified, fully liquid asset allocation. Key procurement-related discussions focused on recommendations to rebalance the portfolio by increasing fixed income allocation from 35% toward a 44% long-term target, reducing natural resources exposure from 4% to 2%, and consolidating two REIT managers to improve efficiency. The committee approved the recommended rebalancing moves, emphasizing fee transparency and prudent risk management. Additionally, the committee discussed potential updates to the investment policy statement and planned to revisit asset allocation in upcoming quarters based on market conditions and actuarial reports.