It's time for Steven Snyder to get the grill started.
After several months of coming tantalizingly close to $2 billion in assets, the Oklahoma Police Pension & Retirement System, Oklahoma City, reached that milestone for the first time July 31, it was announced at the Aug. 21 board meeting.
Now it is time for the board of trustees and staff to cash in on Mr. Snyder's promise — a barbecue at his home.
The official number Mr. Snyder uses is the month-end value reported at each board meeting. At the end of May, the plan was less than $4 million from hitting the mark, but rounding did not count and staff had to wait a couple more months to get that promised barbecue.
One tricky part remains: picking a date. “It can't be during an Oklahoma (University) or Oklahoma State (University) home football game,” said Mr. Snyder, executive director and chief investment officer, and an OU grad. He said staffers and board members are just about evenly split between the two schools. A quick look at the two schedules shows a Sept. 28 opening when both schools play on the road.
Luckily, barbecue season in Oklahoma goes through December, Mr. Snyder said.
