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10B Action 2021 0607
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10B Action 2021 0607
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6/4/2021 10:05:44 AM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agenda
Document Date (6)
6/7/2021
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Section 115 Pension Trust <br />•Generate investment income to pay for future pension contributions <br />•Flexibility to tailor the investment strategy to meet the City’s objectives and risk tolerance <br />•Potential to improve the City’s bond rating <br />•Flexibility to access trust assets to offset unexpected increases in pension costs or decreases in revenues due to economic downturns <br />3187
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