Palm Beach’s retirement fund gains ground after losses in 2022

by William Kelly
Communications Coordinator

The unfunded liability in the Town of Palm Beach’s retirement plan increased by $6 million last year, largely due to investment losses in a volatile stock market.

As of Sept. 30, the plan was 75 percent funded, which means it had an accrued unfunded liability of 25 percent, or $91 million dollars, over its amortization period of 25 years.

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