Log In


Reset Password

Carbon retirement fund ends 2013 at all-time high

Carbon County's retirement fund ended 2103 at an all-time high, officials reported.

During the monthly meeting of the county retirement board, Robert Crampsie, county controller and secretary to the retirement board, provided the group with the end of year investment performance report."The numbers speak for themselves," Crampsie said before he read the report.The market value of the retirement fund, as of Dec. 31, 2013, was $73,833,972, which represented a year-to-date increase in market value of $12,892.877."The year-to-date rate of return was 21.16 percent," Crampsie reported. The annual actuarial assumption for a year performance is 7.5 percent."Performance wise, it was a great year," he told the board.Commissioner Thomas J. Gerhard said that he hopes that 2014 is as good as 2013 was for the retirement fund.