1 City of Hartford Municipal Employees’ Retirement Fund Overview Presented By: Treasurer Adam M. Cloud City of Hartford - MERF

2 Municipal Employee Retirement Fund “MERF”  Defined benefit pension plan, funded by City contributions, employee contributions and the returns from investments  Trust fund separate from the City – assets are held for the benefit of plan participants  City Treasurer and Pension Commission have fiduciary duties of care, loyalty and prudence re: MERF assets  Approximately 5,381 participants  Assumed annual rate of return on investments: 7.75%  Actual net return on investments since inception: 8.4% City of Hartford - MERF

3 Municipal Employee Retirement Fund “MERF” City of Hartford - MERF

4 Municipal Employee Retirement Fund “MERF” City of Hartford - MERF

5 Municipal Employee Retirement Fund “MERF” City of Hartford - MERF

6 Municipal Employee Retirement Fund “MERF” City of Hartford - MERF

7 Municipal Employee Retirement Fund “MERF” City of Hartford - MERF

8 Municipal Employee Retirement Fund “MERF” Hartford MERF: 2015 Asset Allocation Current Target vs. 60:40 portfolio City of Hartford - MERF

9 Municipal Employee Retirement Fund “MERF” Asset Allocation Detail – As of January 31, 2015 City of Hartford - MERF