Clinton Retirement Board Approves $2.5M Fund Transfer

Retirement Board · Meeting of August 25, 2026

Clinton Retirement Board shifted $2.5 million into the state's PRIT Core Fund as PRIM reported record returns. A PRIM representative told the board, with Administrator Patricia Hazel and members Joseph P. Casasanto, David J. Baird, Diane L. Magliozzi and James McNamara present, that the Pension Reserves Investment Trust closed its fiscal year with a record $129.5 billion balance and a 12.7 percent return, calling it the "strongest fiscal year in five years." Clinton's own fund returned 12.05 percent, trailing PRIT due to an overweight private-equity allocation facing headwinds from AI and defense-sector concentration. The board also approved a $494,564.12 warrant, three new retirement enrollments, and directed Casasanto and McNamara to screen 13 administrator trainee applicants after a September 18 closing date, with Hazel reporting "we've received 13 resumes today."

In the full story:

• PRIM Annual Investment Update
• Clinton's Private Equity Position and Market Concentration
• Cash Management and the Move to the PRIT Core Fund
• Routine Approvals: Minutes, Warrant, Refunds and New Enrollments
• Administrator Trainee Search
• Retirement Board Election Notice
• Who Was There
• Organizations And Documents Referenced
• The complete report: 1,741 words

Source: the Retirement Board meeting of August 25, 2026, reported from the official video recording and transcript.

Checked against the record: before publication this article was automatically compared with the meeting transcript.