Carbon County’s retirement fund took a significant hit as a result of volatility in the stock markets.

During the monthly retirement board meeting, Kayla Herman, county controller and secretary to the retirement board, reported that the county’s portfolio value as of March 31 was $97,246,153.35, down from the $102,348,647.77 that was reported at the end of February.

“We did have a $4 million drop since the previous month,” she said.

The retirement fund provides retirement benefits to county employees.