State Retirement System Board Of Trustees Gets Update On System Status Thursday

State Retirement System Board Of Trustees Gets Update On System Status Thursday

WATERTOWN, (KCCR) — The Board of Trustees for the South Dakota State Retirement System met Thursday in Watertown. Senior Portfolio Manager Darci Haug reviewed the investment performance report for the 2023 Fiscal Year…

The best performing category was public equity which ended the 2023 Fiscal Year with an 18-percent return. Trustees were also updated on returns for the current fiscal year…

For the first two month of the 2024 Fiscal Year the system is seeing an estimated half to one-percent return on investment. Portfolio Manager Danielle Mourer says they did lower some of the system’s risk…

Trustees also were updated Thursday on potential 2024 legislation.