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Mayor Segarra Attends Candlelight Vigil in Honor of Bedford Street Victims

(January 30, 2014) Mayor Pedro E. Segarra released the following statement in response to the second victim claimed by the fire on Bedford Street:

“I am truly disheartened to hear that the mother of Shantay Drake has passed. Fire and Health & Human Services are doing everything possible to assist the families and residents of that area. I also want to acknowledge the outpouring of support from everyone in our community. When tragedies like this occur, we join together and pray for those who are suffering grief and loss.”   

Mayor Segarra will be attending a candlelight vigil tonight at 6pm at Jumoke Academy at Milner.

For Immediate Release: January 30, 2014
Contact: Maribel La Luz
p. 860-757-9731
c. 860-539-5485
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Mayor Segarra Statement on Fatal Fire on Bedford Street

(January 28, 2014) Mayor Pedro E. Segarra released the following statement in response to the house fire that occurred on Bedford Street earlier this morning:

“We are sincerely saddened by this horrific tragedy. Our hearts, thoughts and prayers are with the victims, their loved ones and the families that have been impacted by this terrible loss. I have instructed our Health Director to provide any support necessary as we monitor the situation over the next several days. Any time a child is lost in our community it affects every single one of us. ”


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For Immediate Release: January 28, 2014
Contact: Maribel La Luz
p. 860-757-9731
c. 860-539-5485
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City of Hartford Pension Fund Exceeds $1 Billion Dollars in Assets

(January 28, 2014) The City of Hartford Treasurer’s Office announced today that the year-end value of the City of Hartford Municipal Employees Retirement Fund (MERF) exceeded $1 billion dollars in assets while serving over 5,000 participants.

“This is the first time that the MERF’s assets have exceeded a billion dollars since the global financial crisis began in 2008,” said Treasurer Adam M. Cloud.  “The crisis led to a major decline in pension values all over the world, and triggered unprecedented tightening of consumer and corporate credit and also damaged the mortgage markets.  During this period in 2008, MERF assets fell to a level of $840 million dollars.” 

Upon taking office, City Treasurer Cloud oversaw a restructuring of the MERF’s assets designed to improve investment returns, enhance diversification and reduce investment return volatility.  While achieving these goals, the MERF has also revised and updated its investment policies. In recognizing this milestone, Pension Commission Chairman Peter Stevens acknowledged the hard work that has taken place to get the MERF to where it currently is and “fully appreciates the collective efforts taken by the Treasurer, the Office of the Mayor and the City Council in their continued support in making sure that the City is able to meet its payment obligations to those that have committed their careers for the betterment of our residents and businesses.”

Mayor Pedro E. Segarra offered the following statement, “I’m pleased that the market is performing better than it was in 2008. I appreciate the work done by the Treasurer, his team, and the Pension Commission and look forward to collaborating to maintain the soundness of the MERF for the benefit of City employees and retirees.”

Since inception, the MERF has outperformed its 8% assumed rate of return and the MERF’s funded ratio currently stands at 79%. During 2013, the MERF earned 9% on its assets.

The City Treasurer, in his role as Secretary of Hartford’s Pension Commission, and pursuant to the Charter of the City of Hartford, is custodian for and manages all the assets of the MERF.

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For Immediate Release: January 28, 2014
Contact: Carmen Sierra, Assistant City Treasurer
p. (860) 757-9107
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Tuesday: Mayor Segarra Will Appear on PBS NewsHour to Offer Commentary and Response to President Barack Obama’s State of the Union Address

(January 27, 2014) On Tuesday, January 28th, Mayor Pedro E. Segarra will appear on PBS NewsHour as part of a panel of mayors offering commentary and response to President Barack Obama’s State of the Union address. Joining Mayor Segarra on the panel will be Mayor Scott Smith of Mesa, AZ, Mayor Mike Cornett of Oklahoma City, OK, and Mayor Marilyn Strickland of Tacoma, WA. The program will begin at 9pm and air for the entirety of the President’s remarks and the Republican response, followed by reaction and analysis from commentators across the political spectrum.

 

WHO: Mayor Segarra, Mayor Strickland of Tacoma, WA, Mayor Cornett of Oklahoma City, OK, Mayor Smith of Mesa, AZ
WHAT: State of the Union Commentary and Response
WHEN: Tuesday, January 28, following the President's address beginning at 9pm
WHERE:

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For Immediate Release: January 27, 2014

Contact: Maribel La Luz
p. (860) 757-9731
c. (860) 539-5485
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