Announcements

The main goal of our approach to investing is to produce long-term returns that meet our actuarial funding objective of 7% returns. If we were to fall short of that goal, it would take a longer amount of time than we would like to pay the expenses of the retirement plan.

The new webinar schedule (a.k.a. On The Virtual Road schedule) for January to June 2024 has been developed and is ready for Members to register.

As a reminder, there are several return to work opportunities for people wanting to help fill vacant roles across the state, ALL OF WHICH REQUIRE PRIOR APPROVAL from ERB before work commences.

The first COLA to a retiree’s benefit is made on July 1st of the year in which the retired member reaches age 65 for Tiers 1 & 2, and age 67 for Tiers 3 & 4, or on July 1st of the year following the member’s retirement date, whichever is later.

Greetings and well wishes! Fall is officially underway with shorter days, coolers nights and changing colors. As winter approaches I am excited to share several big updates regarding two major projects going on with the Educational Retirement Board (ERB).

Another fiscal year is in the books for ERB and it was a positive one for the investment portfolio. For the year, we were slightly short of our 7% annual target. However, for the ending date of June 30th, we did handily exceed the target for all periods longer than one year.