Sept 17, 2013 Pension

  • MINUTES OF
    FIRE COMMISSIONERS
    PENSION MEETING
    SEPTEMBER 17, 2013

    Meeting called to order at 4:30 P.M. by Commissioner Sweeney.In attendance Commissioner Callahan, Commissioner Carew, Commissioner Sweeney,Chief O’Brien, Deputy Chief Schwartz, Firefighter Ken Prisco. Review of current asset allocation. 40 % Stock(35%US, 5%International), 50% Fixed Income 45% US, 5% International), 10% Alternative Gold.
    Portfolio value on 8/13/13 is $9,217,853. Total gains after fees is $2,456,328. Kevin recommends that we continue to maintain the moderate allocation plan. The pension board agrees unanimously. Next meeting will be on January 14, 2014.

    Respectfully submitted,

    Joseph Callahan
    Secretary