Description
Title: Richmond Retirement System Presentation
Summary
The document provides an investment summary for the City of Richmond's retirement system as of June 30, 2025. It highlights key metrics such as a 10.5% investment return over the past year and an 8.2% return over five years, both exceeding benchmark expectations and the assumed return rate of 7%. The funded status of the Defined Benefit (DB) Plan improved to 84.9%, up from 80.9% in the previous year, primarily due to strong investment performance. The net pension liability decreased to $157.4 million from $193.2 million. The DB Plan is closed to new employees, affecting current and retired members, and future projections assume no new entrants or benefit enhancements. This legislation
Published: Mar 5, 2026, 1:55 PM
Processed: Mar 6, 2026, 6:16 AM