September 15, 2026: new APERS and ATRS productions establish holdings and completed transactions that earlier disclosures did not show.
APERS reaches $25 million
September 7 custody reporting lists the original $15 million position and a second $10 million position. The report resolves the later holdings amount. It does not retroactively explain why the first purchase was below the stated authorization range. Allocation among APERS-administered systems remains unresolved. Custody report, p. 1 · May authorization.
ATRS funding and purchases are documented
The $50 million Reams transfer completed January 2, 2026. The first $9.9 million issuance was canceled; a replacement $9.9 million purchase completed February 17. July reporting shows the same security alongside U.S. Treasuries and cash. Funding, p. 3 · Cancellation, p. 1 · Trade, row 2 · July holdings, row 9.
The old statement that public disclosure ended at manager funding is superseded. The funding completion date is January 2, not the date of the December notice.
What the pension figures mean
APERS’s $25 million is a September custody observation. ATRS’s $9.9 million is a completed February purchase, also identified in July holdings. Those dates describe different points in the record. The ATRS bond is already part of its $50 million funded account, which also held U.S. Treasuries and cash. Adding the bond to the funding would count the same money twice. Read the pension accounts and their sources.
The policy question is sharper
Transactions and holdings now fill important gaps. The remaining question concerns the decision-specific financial case for the sovereign exposure. Aon supplied substantive implementation and manager-selection advice, while explicitly disclaiming a recommendation to invest or not invest in Israel Bonds or to purchase or sell individual securities. Aon memorandum, pp. 149–150. The campaign seeks a consistent written credit, alternatives, liquidity and financial determination for future covered pension acquisitions.