The broad investment objective of the fund is to earn a total rate of return after all expenses that equals or exceeds the actuarial investment rate assumption. The Trustees, with help from the Executive Director and Investment Consultant, will use the fund's asset allocation as the primary tool to achieve this goal.
The Board of Trustees will periodically review and evaluate the continued viability of the investment objective, considering, among other factors, expected future returns on invested assets, short and long-term employer cost trends, and employee benefit and inflation expectations.
Statement of Investment Policy November 17, 2009