To: Board of County Commissioners
Through: Patrick Hernandez, Director, Human Resources
Prepared By:
prepared
Ben Colussy, Retirement Plan Administrator
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presenter
Presenter: Andy Fiegel and Paul Schreder, CAPTRUST, Investment Consultant;
Ben Colussy, Retirement Plan Administrator, Human Resources.
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Subject:
title
1:45 PM *Retirement Plan Investment Update
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Purpose and Request:
recommended action
The purpose of this session is to provide an update on the County’s retirement plans, focusing specifically on the Plan’s investments. CAPTRUST will present a concise overview of current market conditions and the performance of the County’s Defined Benefit (DB) Plan.
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Alignment with Strategic Plan: Economic Resilience and Stability - Support long-term economic resilience through responsible fiscal and investment strategies.
Background and Discussion: The Retirement Board is responding to the BOCC's request for more regular updates with the County Commissioners. During the last meeting in June, the Plan’s liabilities were reviewed with the actuary from Gabriel, Roeder, Smith. Today, the focus will be on the Plan’s assets, and the investment consultant CAPTRUST has been invited to review the current market and fund performance. Additionally, the Board of Retirement, legal counsel, actuary, and Retirement Plan Administrator will attend to address any questions from the Board of County Commissioners as appropriate.
Alternatives: N/A
Fiscal Impact: N/A
Alignment with Strategic Implementation Strategies: The attached framework helps Arapahoe County institutionalize values-based, transparent decision-making, documenting how we make decisions and carry out actions to achieve the county’s strategic plan.
Staff Recommendation: N/A
Concurrence: N/A