Mendocino County Employees Retirement Association 8/19/2026

The Mendocino County Employees Retirement Association held a Board of Retirement meeting on August 19, 2026, focusing primarily on actuarial assumptions and investment performance. The board reviewed and discussed the actuarial rate of return assumption, considering analyses from their new actuaries, Chiron, and previous consultant Siegel. The discussion centered on whether to maintain the current assumed rate of return at 6.5% or reduce it to 6.25%, with the board ultimately voting 4-1 to keep it at 6.5%. The meeting also included approval of the consent agenda, consent to the merger of Kane Anderson with Bridgepoint, and adoption of a new longevity pay code for unrepresented elected officials. Investment performance reports from Callan highlighted strong returns across asset classes, with the total fund achieving a 17.7% return for the fiscal year ending June 30, 2026. The board received updates on real estate and infrastructure investments, budget status, and administrative matters including upcoming elections and policy reviews. The meeting concluded with a discussion on ensuring broadcast equipment readiness for future meetings and scheduling the next meeting for September 16, 2026.