Published February 22. 2014 09:00AM
The Carbon County retirement fund is off to a rocky start in 2014.
During the county retirement board meeting on Thursday, Robert Crampsie, county controller and secretary to the retirement board, announced that the retirement portfolio value as of Jan. 31 was $71,724,147, down $2,109,825 from the end of the year.Last month, Crampsie reported that the retirement fund performed extremely well in 2013, having a year-end rate of return of 21.16 percent. The annual actuarial assumption for performance is a 7.5 percent rate of return.