OPEB Trust and Pension Trust
Investment Returns for 2022 Q4
FINANCE COMMITTEE
FEBRUARY 22, 2023
Q4 Conditions
and Impacts
Continued volatility due to:
◦High inflation – Federal Reserve
continues to raise interest rates
◦Crisis in Ukraine
Markets experienced growth
compared to prior quarter
Q4 Investment Report
OPEB Trust
• Value increased from $18.3 M
to $18.9 M
• 1 Year return: -13.53%
• Inception (7/1/09) to date
return: 4.96%
Pension Trust
• Value increased from $5.4 M to $13.8 M
• Includes $8.2 M contribution
• 1 Year return: -10.4%
• Inception (9/1/21) to date return: 5.93%
Questions