Sheriffs' Pension and Relief Fund Board of Trustees public meetings in 2025
3 substantive meetings from 2025, with official agendas or minutes and plain-English summaries.
Sheriffs' Pension and Relief Fund Board of Trustees
The Board of Trustees approved the 2026 Actuarial Valuation and three proposed legislative changes regarding BackDROP, early retirement, and employer contribution rates. The Board also authorized the annual Audit Compliance Questionnaire and approved various benefit applications.
- Approved 2026 Actuarial Valuation (unanimous)
- Approved legislative proposal to increase BackDROP to 5 years for those with 35 years of service (unanimous)
- Approved legislative proposal for early retirement at age 50 with 30 years of service (actuarially reduced) (unanimous)
- Approved legislative proposal to allow adding 3% to minimum required employer contribution rate (unanimous)
- Approved Audit Compliance Questionnaire and authorized Director to sign (unanimous)
- Approved October 21, 2025 Board Meeting Minutes (unanimous)
- Approved applications for reciprocal recognition of service, transfers, retirement, BackDROP, disability, and survivor benefits (unanimous)
Sheriffs' Pension and Relief Fund Board of Trustees
The Board unanimously approved allocating $250 million to JP Morgan and a tentative $150 million to Wellington. The Board also accepted the 2025 Experience Study and referred potential 2026 legislation to the Legislative Committee.
- Approved $250 million allocation to JP Morgan (Unanimous)
- Approved tentative $150 million allocation to Wellington (Unanimous)
- Appointed prospective 2026 legislation to the Legislative Committee (Unanimous)
- Accepted the 2025 Experience Study by Greg Curran (Unanimous)
- Accepted legal counsel report and recommendation on litigation (Unanimous)
- Approved April 23, 2025 meeting minutes (Unanimous)
- Approved applications for reciprocal recognition, transfers, retirement, BackDROP, disability, and survivor benefits (Unanimous)
Sheriffs' Pension and Relief Fund Board of Trustees
The Board of Trustees is establishing a tentative schedule for its 2025 meetings. The document lists dates for official board meetings and a required training session.
- Board meetings scheduled for April 23, June 17, September 23, and December 17, 2025
- Required Board Training scheduled for August 25-27, 2025
The Board approved a 2% permanent benefit increase for eligible retirees effective January 1, 2025. Members also voted to oppose Senate Bill 7 and maintained the assumed rate of return and employer contribution rate for Fiscal Year 2026.
- Approved 2% Permanent Benefit Increase for eligible retirees (unanimous)
- Voted to oppose Senate Bill 7 (unanimous)
- Approved keeping assumed rate of return at 6.85% for FY 2026
- Approved keeping employer contribution rate at 11.5% for FY 2026 (unanimous)
- Authorized Investment Committee to hire new fixed-income manager (unanimous)
- Approved Actuary Greg Curran's contract for FY 2026 (unanimous)
- Ratified 2025 meeting dates for June 17, September 23, and December 17
- Approved Dec 17, 2024 minutes and various benefit applications (unanimous)