File #: ID#21-9027    Version: 1 Name: Review Calendar 2020 Pension Plan Investment Performance
Type: Action Item Status: Passed
File created: 3/26/2021 In control: Pension Trustees
On agenda: 4/12/2021 Final action: 4/12/2021
Title: Annual review of the Employees' Pension Plan investment performance for the calendar and plan year ended December 31, 2020.
Attachments: 1. 4_12_2021_Ravins_Pension Presentation(r), 2. 4Q2020 City of Clearwater_Full Report - CapTrust

SUBJECT/RECOMMENDATION:

Title

Annual review of the Employees’ Pension Plan investment performance for the calendar and plan year ended December 31, 2020.

 

Body

SUMMARY: 

For calendar 2020, the Plan realized an investment return of 15.68%, versus a customized benchmark of 12.61%, placing the plan in the 11th percentile of public pension plans per the Wilshire Public Plan Sponsor Universe.

For the last three calendar years, the plan had an average annualized return of 10.62%, versus a benchmark of 8.16%, placing the plan in the 10th percentile of public plans.

The investment committee, with the assistance of the Plan’s investment consultant, CapTrust, meets on at least a quarterly basis to monitor asset allocation and money manager performance, and will continue to recommend money manager terminations, replacements, and/or additions when appropriate.