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.
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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.