Fund Operations During Coronavirus Shutdown

Last Updated - Friday, October 02, 2020

Hello to all Fund members. We hope that you and your family are healthy and safe during this historic time.

As you know, due to the COVID-19 virus outbreak, the MWRDRF office has been closed to visitors since March 16th. Staff has mostly been operating remotely during this crisis, but we have recently increased our number of employees on-site daily to 50%. For the health and safety of members and staff we will continue to keep our office closed to essential staff only. If you have a request for assistance, please continue to contact us electronically or via mail. You may reach our staff via electronic mail. Click here for our email addresses. We try to satisfy member requests expeditiously, but please understand that processing times may be delayed by our reduced office staffing and, in some cases, dependence on a separate entity and their possible limitations. We appreciate your patience.

Year-to-date September 30th, our benefits staff has processed 88 employee annuities, 28 spousal/child annuities, 64 refunds of employee contributions, and 57 new applications for disability. We believe that 2020 benefit application caseload will exceed activity from either 2019 or 2018. Thanks to our Benefits Department for their hard work and dedication to the Fund membership.

We hope you enjoyed reading our 2019 Comprehensive Financial Report (CAFR), which can be found here. We stand at the ready to answer any questions you may have.

After five months of market upticks, September has seen some pull back in the markets. We expect volatility in the markets and do not assume markets only follow one trajectory. Your Retirement Board continues to follow their target asset allocation to best position the Fund’s portfolio to meet or exceed the actuarially rate of return over time, within an acceptable level of risk. More information regarding the Fund’s investment portfolio can be found here.

We hope you have enjoyed the recent mailing of our newsletter, Vested Interest. Please let us know if you have any questions regarding the content.

Please review this website periodically for further updates.

Stay healthy and thank you for your patience and understanding.


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