Skip to main content

Carbon retirement fund is healthy

Published April 20. 2012 05:01PM

Carbon County's retirement fund is healthy, Controller Bob Crampsie told the county Retirement Board Thursday.

In March, the fund paid out a total of $486,821.96: benefits of $254,384.54; refunds of $100,709.19; Option IV benefits of $27,126.14; and death benefits of $104,602.09.

Crampsie said the county's portfolio value as of March 31, the end of the first quarter, was $64,482, 270.

Crampsie said the investments are doing well, up $5,669,142 a 9.64 percent rate of return, he said.

The county started the year with a market value of $59,950,663. Employee contributions totaled $156,141. Benefits paid and expenses came to $1,293,676, leaving an adjusted balance of $58,813,128, Crampsie said.

Classified Ads

Event Calendar


October 2017


Upcoming Events

Twitter Feed


Bombers get creative with parade floats

40.8014826, -75.6101867

Some of Palmerton’...

Man faces charges for shooting his dog

40.8014826, -75.6101867

Charges have been...

Extension hosts annual dinner

40.7986942, -75.8104747

The Carbon County Ex...

Reader Photo Galleries