Carbon County retirement fund rebounds in January

Carbon County retirement fund rebounded nearly $4 million in January.

During the monthly meeting of the county retirement board, Robert Crampsie, county controller and secretary to the retirement board, said that a stronger market allowed the county to recoup some of the losses it had in 2018. At the end of January, the retirement fund stood at $75,722,255, up $3,965,127 from December.

“We’re off to a great start,” he said, adding that the increase represents a 5.5 percent return for the month.

The last time the county had a negative retirement fund return was in 2008, when it lost 23 percent of its funds, but Crampsie said, markets rebound and in 2009, had a 22.2 percent return.

He added that so far, February has also been a strong performance month so far.