To translate an agenda into the language of your choice:

1. Click on the Accessible Agenda link for the specific meeting date and it will open an .html of the agenda.
2. Right click on that page, and a dialogue box pops up.  Scroll to translate agenda to (select language of your choice), and click on that command

File #: 24-0351    Version: 1 Name: Approval of Investment Policy Statement for PEMHCA Section 115 Trust and Appropriation of Initial Funding
Type: CC- Report Status: Agenda Ready
File created: 4/10/2024 In control: City Council
On agenda: 5/21/2024 Final action:
Title: REPORT - APPROVAL OF INVESTMENT POLICY STATEMENT FOR PEMHCA SECTION 115 TRUST AND APPROPRIATION OF INITIAL FUNDING FROM OPEB INTERNAL SERVICE FUND (THIS ITEM WAS CONTINUED FROM THE APRIL 16, 2024, REGULAR MEETING) BACKGROUND: The City currently has a Section 115 trust to pre-fund pension expenses with PFM Asset Management LLC (PFMAM) serving as Trust Administrator, and Principal Bank serving as Trustee. The City will utilize this existing agreement for the PEMHCA Trust, with a new account being created to ensure these funds are separately reported and dedicated to PEMHCA pre-funding and claims payment. RECOMMENDATION: It is recommended by the Finance Department that the Council, by resolution: 1) approve the Investment Policy Statement for City of Santa Rosa Section 115 Trust Public Employees Medical and Hospital Care Act (PEMHCA) Other Post Employment Benefit (OPEB) Fund as set forth in Exhibit A; (2) authorize the Chief Financial Officer to execute necessary documents for the crea...
Sponsors: Finance
Indexes: Not a Project
Code sections: 15061(b)(3) - General Rule Exemption, 15378 - Not a Project
Attachments: 1. Staff Report, 2. Attachment 1 - Trust Agreement, 3. Resolution, 4. Exhibit A - Investment Policy Statement, 5. Presentation