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Board approves the latest actuarial valuation
After tabling it in July, the board approved the actuarial valuation presented by Rudd and Wisdom, which it had retained in January 2026 at $32,000 for the valuation while planning to look at other firms. The minutes do not record the valuation's funded ratio or amortization period. The investment counselor reported the portfolio had beaten the 7.35% assumption over three and ten years.[1][2]
What the sources say
- ✓ Verified
In January 2026 the board approved continuing with Rudd and Wisdom at $32,000 for the upcoming valuation, despite a proposed 6% fee increase to $34,000 in 2027, and planned to explore competitive options. [1]
- Fee
- $32,000
- ✓ Verified
City finance staff reported a total market value of $275,459,326.84 on July 31, 2026. The investment counselor said the portfolio had outperformed the 7.35% actuarial assumption for the three and ten years. [2]
- Market value
- $275,459,327
