The pension system was expected to make 6.5% annually, but it instead lost 2.20% of its value over a year and has a 2% annual rate of return over the last...
The pension system was expected to make 6.5% annually, but it instead lost 2.20% of its value over a year and has a 2% annual rate of return over the last decade.
“Well, we’ll see,” Wiley said. “We’re going to visit with them, get their input,” Wiley said. His team will conduct more analysis and come back with more input from the pension systems, he said. The tone of Thursday’s meeting highlighted comparisons between the pension funds for non-uniform and uniform employees.
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