Mendocino County Employees Retirement Association 9/16/2026

The Mendocino County Employees Retirement Association held a board meeting on September 16, 2026, focusing primarily on investment and portfolio management matters. A significant portion of the meeting was dedicated to a presentation by Janice Henderson and colleagues from an investment management firm, discussing the midcap growth strategy performance, the firm's recent privatization, and the benefits of transitioning from a mutual fund to a collective investment trust (CIT) vehicle. The board approved a motion to move their investment from the mutual fund to the CIT, citing cost efficiencies and institutional quality. Additionally, the meeting included a detailed discussion on portfolio liquidity and active risk budgeting, emphasizing the balance between passive and active management strategies across asset classes. The board also reviewed the fiscal year 2026 final budget update and administrative reports, including upcoming changes to trustee stipend payments and pending state legislation affecting pension tiers. The meeting concluded with the denial of an appeal regarding a benefit option and updates on labor negotiations and disability retirement applications.