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Carbon retirement fund showing growth

Published March 22. 2013 05:03PM

The Carbon County retirement fund is seeing healthy growth in 2013.

During the county retirement board meeting on Thursday, Robert Crampsie, secretary of the board and the county controller, announced that the retirement fund portfolio value as of Feb. 28 was $65,585,419.

"I can tell you for the year, after two months, we are up over $2.1 million," Crampsie said. "We are off to a very good start."

The county retirement fund has been performing well over the last year, showing a year-end performance rate of return in 2012 of 11.68 percent, which beat the annual actuarial assumption of 7.5 percent.

In other matters, Mark Gensheimer, president of the county's investment manager, C.S. McKee L.P. of Pittsburgh, gave an update on the county's portfolio performance as of late.

He said that overall the county's portfolio is performing well.

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