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File Number: 21-359 <br />Place San Leandro on a Firm Foundation for Long Term Fiscal Sustainability. <br />Previous Actions <br />On September 21, 2015, the City Council affirmed the goals of the PULL Plan. <br />Fiscal Impacts <br />The $750,000 annual OPEB contribution will be used to establish the Pension Trust. The annual <br />fee is estimated at $2,300. <br />Budget Authority <br />The $750,000 annual OPEB contribution is included in the Fiscal Year 2020-2021 budget. Staff <br />recommends that the Council reappropriate the funds to the Fiscal Year 2021-2022 budget. <br />Based on the projected timeline, the Pension Trust will be established in July 2021. <br />ATTACHMENT(S) <br />Resolution #1 <br />·Attachment 1 - Agreement for Administrative Services <br />Resolution #2 <br />·Attachment 2 - PARS Investment Strategies and Percentage Allocations <br />·Attachment 3 - PARS Investment Objectives <br />·Attachment 4 - Draft Investment Guidelines Document - Moderate Strategy <br />PREPARED BY: Susan Hsieh, Finance Director <br />Page 4 City of San Leandro Printed on 6/4/2021 <br />184