County Pulse: Another meeting at the country club for StanCERA board
07/16/2013 12:58 PM
07/16/2013 1:41 PM
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.
About This BlogThe Bee's Ken Carlson writes about county government and health issues in the Central Valley.
Join the Discussion
The Modesto Bee is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.