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2014-09-17-RB-Cunha
September17,2014 BobCunha,ChairmanoftheLexingtonRetirementBoardhasaskedthatfollowingstatementand attachedfundingscheduleenteredontotheTownwebsite. ThePublicEmployeeRetirementAdministrationCommissionwhichhasoversightoverallthe MassachusettsPublicPensionSystemshaspublishedareportonthefundingradiosofthe pensionfunds. TheLexingtonRetirementBoardisproudtoprovidethefollowingreportwhichshowsour systemtobethethirdhighestfundedradioofanytownintheCommonwealth. Thesystemhasunequivocallymetthechallengesrisingfromthedevastatingcollapseofthe therecentstatutorychanges. capitalmarkets,theensuingslowdownoftheeconomyand TheRetirementboardtakesgreatprideinhavingbalancedtheneedtoensurethatliabilities areaddressedwiththefactthattownresourcesmustmeetavarietyofneeds.Theboard͸s professionalmanagementofassetshasleadtolongrangereturnswhichsupportsthatthe retirementboardhasresponsiblymanagedthesystemsassets.