HomeMy WebLinkAboutMINUTES - 09251990 - H.B THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA
Date: September 25 , 1990 MATTER OF RECORD
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The Board at noon this day met with Board appointees of the
Contra Costa County Retirement Board at the Contra Costa County
Training Institute, 500 Court Street, Martinez.
Pat Wiegert, Administrator of the Retirement office, spoke on
the Retirement System' s assets ( $747,746,000 as of August 17,
1990 ) ,. the allocation formula for distribution in the investment
portfolio to equity, fixed income, and real estate. She also
spoke on the Retirement Board' s policy on distribution of excess
earnings.
Board members discussed the various components of the asset
allocation formula, the method of selection of investment
management firms, and the advantages of certain types of
investments over others. There was also discussion on the
Retirement Board' s role in the distribution of the excess
earnings, and its obligation to current retirees, county employees
and the County (as the employer) to maintain the solvency of the
Retirement Fund.
At the conclusion of the discussion, there was agreement
among the members of the Board of Supervisors to meet at least
once a year with its appointees to the Contra Costa County
Retirement Board.
THIS IS A MATTER FOR RECORD PURPOSES ONLY
cc: Retirement Administrator
County Administrator