Retirement Trust Board 6/17/2026

The City of El Paso Texas Retirement Trust Board held a meeting on June 17, 2026, focusing primarily on investment performance, budget approval, and staffing matters. The board reviewed the treasury report for July 2026, noting net assets of approximately $1.183 billion and strong investment returns exceeding actuarial targets for three consecutive years. Discussion included detailed analysis of market conditions, asset allocation adjustments, and the impact of geopolitical events and inflation on the portfolio. The board approved a one-year extension of an investment management contract and adopted the fiscal year 2026-2027 budget, which included funding for staffing positions. Additionally, the board approved a memorandum of understanding with the City of El Paso and authorized recruitment for a new retirement benefits research and compliance analyst position. The meeting concluded with the election of board officers and an executive session regarding the recruitment of an executive director, with no actions taken from the session.