Turlock Irrigation District Pension Plan

Turlock Irrigation District Pension Plan

The Turlock Irrigation District Pension Plan was established to deliver retirement benefits to all employees and elected officers of the Turlock Irrigation District. The plan sponsor relationship remains direct, with the district acting as both employer and founder of the pension structure. The plan targets an 8 percent allocation to private equity and holds positions across mutual funds, real estate investment funds, and infrastructure and natural resources funds. Confirmed holdings include open-end mutual funds registered with the SEC valued at approximately $408 million and real estate equity funds. Geographic exposure centers on the United States with additional infrastructure commitments noted on a global basis. The plan lists 363 professionals in its extended network records and maintains service relationships with Nyhart for actuarial work since 2015, Baker Tilly as auditor since 2020, and RVK as investment advisor. It participates in industry groups including the Association of California Water Agencies. Governance flows through a board structure with designated investment committee members drawn from district leadership rather than external CIO appointments.