Hull Retirement Board invests $4 million in general allocation account
Hull Retirement Board advances $4 million to general allocation and maintains investment return target. Members unanimously approved placement of approximately $4 million in appropriation funds into the Prim General Allocation Account and adopted a 7.4 percent investment return assumption for
Retirement Board · Meeting of June 23, 2026
Hull Retirement Board advances $4 million to general allocation and maintains investment return target. Members unanimously approved placement of approximately $4 million in appropriation funds into the Prim General Allocation Account and adopted a 7.4 percent investment return assumption for fiscal 2027, rejecting a recommendation to lower the rate to 7.25 percent. J.
Michael Buckley authorized liquidation of $575,000 from PRIT to fund June payroll. The board, noting system assets grew 21 percent over two years with active employee compensation up 16 percent, approved acceptance of Light Department Manager Aksana Holmes into the retirement system and authorized an $8,193.03 rollover for Candice Lancaster.
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Source: the Retirement Board meeting of June 23, 2026, compiled from the official minutes.
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