Pension Board of Trustees 09-09-2026

The City of Norwalk Connecticut Pension Board of Trustees met on September 9, 2026, to discuss pension approvals, procedural concerns regarding retirement notifications from school employees, and updates on the pension fund's international equity investments. The board approved several pension applications and addressed the need for improved communication with employees about retirement timing. A significant portion of the meeting focused on reviewing four candidate investment firms—Capital Group, Hardman Johnston, Pinestone, and Schroeder—to replace the recently terminated Walter Scott in managing approximately $25 to $30 million of international equity assets. The board discussed each firm's investment strategies, portfolio concentration, volatility, and fees, with plans to interview two or three candidates in a future meeting. Additionally, the board received a quarterly performance report highlighting strong returns in various asset classes and discussed cash flow needs for upcoming months. No votes were taken during executive sessions, and the board deferred some policy discussions to future meetings.