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HOLLIDAYSBURG — Blair County pension plan investments generated $1.6 million during the first quarter of 2024, helping push the fund to $35.9 million at the end of March. The improvement, from $34.66 million at the end of 2023 and from $33.51 million as of March 2023 — plus contributions from the county’s general fund and […]
kstephens@altoonamirror.com HOLLIDAYSBURG — A study of Blair County’s pension plan has identified liabilities of $92.24 million based on a closer examination of contributing factors. The calculation came in $1.26 million higher than a previous amount based on estimated retirement dates, life expectancy rates, investment income and related factors. “It’s not what we wanted to see, but maybe it’s what we needed to see,” retirement board Chairman Bruce Erb said Wednesday in a review of the study. Based on the results, Erb is recommending the county adopt a policy of increasing the ge...