COFFEECOPS FOR SAPD RETIREES
  • HOME
  • IN CASE YOU MISSED IT
  • SAPD HISTORY
    • OUR HISTORY
    • CADET CLASSSES
    • UNITS/GROUPS
    • RETIREES & OLD TIMERS
    • SAPD helping in Texas City Disaster
  • FINAL TRIBUTE
  • POLICE PATCH GALLERY
    • PETE DAVIS POLICE PATCH GALLERY
  • ENTRY TO PENSION or HEALTH CARE FUND
  • RETIREES IN ACTION
  • RETIREE COFFEE CLUBS
  • LINKS
  • FUN STUFF

Pension Fund Update -  April 20, 2020

4/22/2020

0 Comments

 
Picture
From: Harry Griffin
Subject: PENSION FUND UPDATE - April 20, 2020


It has been two weeks since the last San Antonio Fire & Police Pension Fund update and our City, State and Country are still suffering the medical and economic hardships of the Corona Virus.
As of Friday 4/17/20 the Fund’s value was $ 3,077,000,000.00.  Our Fund has increased in value $72 million dollars in the past two weeks.
That said, the markets are down today, Monday, and oil prices have fallen precipitously today, down to their lowest price per barrel in 34 years.
 
As mentioned previously, your pension fund takes less risk in its investments than the risk in the stock market.
As of Friday 4/17/20 we are down 9.0% for the calendar year and the S&P 500 is down 11.41%.
 
I have mentioned our Fund earned a positive 14.9% for the calendar year 2019, that return has increased to 15.0%, due to final market value returns continuing to come in from our less liquid investments.  These investments do not report values daily like publicly traded securities.  
 
I thank you for allowing me to play a small role in the governance of our pension system, and I will continue to provide updates during these very trying times.
 
Finally on an unrelated note, today, April 20, was the birthday of our oldest living SAPD officer, Sergeant Jimmy Gaffney, he is 97 years old today. 
 
Regards, Harry Griffin

0 Comments



Leave a Reply.

    Categories

    All
    Ailing / Sick Retirees
    CLEAT
    Coffee/Lunch Clubs
    Events & Fundraisers
    Final Tribute
    Final Tribute Family Mbrs
    F&P Pensioners Assoc.
    General Announcements
    Health Care Fund
    J. Anderson Memorial Park
    Pension Fund
    Retiree Comments/Announcements
    Retiree Firearms Qualification
    SAHPOO
    SAPD
    SAPOA

    Archives

    December 2022
    November 2022
    October 2022
    September 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016

Copyright CoffeeCops.net 2009 - 2020 ~~~~~~~ Serving SAPD Retirees since Since 2009