Published April 26. 2022 02:45PM
Carbon County’s retirement fund continues to gain and dip as the stock market volatility continues.
On Thursday, Kevin Binder, first deputy in the county controllers office, reporter that the portfolio value as of March 31 was $91,485,130; but dropped to $89,630,009 as of April 14.
“The roller coaster ride continues,” he told the retirement board.
The county’s retirement fund, which is used to pay the pensions of all county retirees, has been losing steam since the beginning of the year.
In January, county controller Mark Sverchek reported the fund had hit $98.8 million at the end of 2021, noting that it had been hitting all-time highs monthly.
But since January, the fund has taken hits and made smaller gains to rebound.