County Pulse: Another meeting at the country club for StanCERA board

Posted by Ken Carlson on July 16, 2013 

The Stanislaus County Employees’ Retirement Association is holding a second offsite board meeting Wednesday at the Oakdale Country Club, 243 N. Stearns Road.

 

The special meeting from 9 a.m. to 5 p.m. is billed as a strategic planning workshop. STANCERA said its June 25 board meeting was held at the same country club to give a sendoff for retiring board member Ron Martin. The retirement board, which oversees a pension fund for county and special district employees, usually meets at the StanCERA office on 12th Street in downtown Modesto.

 

Public employee pension funds are seeing better returns on investments, compared with the crushing losses of the recession and stagnant results a year ago. As of May 31, the total value of StanCERA’s investments was $1.572 billion, a gain of 16.6 percent. This week, CalPERS reported a 12.5 percent return and the California State Teachers’ Retirement System was up 13.8 percent.

 

 

 

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