Carbon County’s retirement fund is on the stock market roller coaster.

On Thursday, Kevin Binder, first deputy in the controller’s office, reported that the portfolio value as of Oct. 31 was $79,472,802.29, but increased to $82,074,418 by Nov. 10.

“We bumped up a little bit,” he said.

However, the account is still down a significant amount after almost topping out at $100 million in December 2021. The retirement fund covers the pensions of all county employees.

Sarah Wilson, vice president of Marquette Associates, said that the market has been volatile lately.

“October was a very tough month for the equity markets,” she said before recommending an asset allocation that would shift 5% of the portfolio to defensive equity to help take some of the volatility out of the portfolio.

The motion was approved.

Commissioner Rocky Ahner said after the vote that a previous vote to allow Marquette to make financial moves for the county has worked well because it has saved the county money when immediate decisions were necessary.

“Your group has done an excellent job,” he said.