Pension Fund Performance and Benefit Payouts
Summary
The pension board processed routine retirements, disability benefits, survivor allowances, and DROP enrollments for numerous Memphis municipal and public safety workers.
At a glance
- Total mentions
- 9
- Last 30 days
- 1
Discussed at 2 meetings in the last 60 days; most recently Oct 22, 2026.
Impact analysis
Impacts the long-term obligations and fund balance of the city pension system.
Retiring city employees and their surviving family members.
None directly, though market volatility affects overall portfolio values.
Mentions & discussions (9)
Pension Board - Oct 22, 2026
The pension board reviewed September 2026 market conditions and fund performance, noting a fund balance of about $2.8 billion following a 1.68% monthly return drop. Officials also discussed broader economic indicators like inflation and interest rate hikes.
Pension Board - Sep 24, 2026
Michael Burose updated the board on the pension fund's financial status, reporting an ending balance of over 2.9 billion dollars for August 2026. Officials discussed how potential interest rate hikes and corporate debt trends could impact fixed income and equity returns.
Pension Board - Sep 2, 2026
The pension board reviewed the fund's July performance, noting an ending value of $2.86 billion and monthly benefit payouts of $17.6 million to retirees.
Pension Board - Jul 23, 2026
The board approved forwarding ordinance amendments to the City Council to include non-commissioned paramedics, fire call operators, and dispatchers in pension provisions.
Pension Board - Jun 25, 2026
Michael Burose gave an update on the city's pension fund for May, reporting an ending balance of over $2.89 billion and steady returns amid broader market conditions.
Pension Board - Apr 23, 2026
The board processed standard service retirements, survivor benefits, reduced pensions, and line-of-duty disability pensions for multiple city workers.
Pension Board - Mar 26, 2026
The board reviewed monthly financial performance figures showing steady fund assets and market conditions.
Pension Board - Feb 26, 2026
Michael Burose updated the board on January's financial performance, showing strong market gains and ending trust balances exceeding $67 billion.
Pension Board - Jan 22, 2026
The pension board processed routine retirements, disability benefits, survivor allowances, and DROP enrollments for numerous Memphis municipal and public safety workers.
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