The Denver Employees' Retirement Plan's board at its Sept. 16 meeting will consider initiating a securities lending program, said Steven Hutt, executive director. The program is a way to "generate additional income for the retirement plan," Mr. Hutt said. "We think there is several hundred thousand dollars of income a year to be generated after the (70/30) fee split." JPMorgan Chase Bank is custodian to the $1.7 billion system.
The Denver Employees' Retirement Plan's board at its Sept. 16 meeting...
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