Carbon County's retirement fund is performing well, officials report.

On Thursday, Robert Crampsie, county controller and secretary to the county retirement board, said that the retirement portfolio value as of Sept. 30 was $72,019,982, bringing the end of the third quarter rate of return to 6.8 percent."We're pretty close to the assumed 7.5 percent rate of return," he said.Crampsie added that the investment performance for the year is about $4.7 million."It's sometimes hard to realize that when you look at our portfolio value being $72 million and we started the year with $70.4 million; however, you have to back off the benefits that we paid and so far we paid about $4 million in 2016 benefits," he said.Because of the adjustments, the investment performance stands at $4.7 million.In other matters, Crampsie read the actuary's estimate on Carbon's annual required contribution for 2017.Next year, the county must budget $685,000 to fund the retirement fund, but this figure will mostly likely drop by the end of the year depending on how the market performs for the last quarter.Last year, the county's estimated ARC was $450,000 and came in at $328,000.