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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.

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