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IN THE CITY COUNCIL OF THE CITY OF SAN LEANDRO <br />RESOLUTION NO. 2025-082 <br />RESOLUTION APPROVING THE INVESTMENT POLICY STATEMENTS <br /> FOR THE CITY OF SAN LEANDRO’S SECTION 115 PENSION AND OPEB TRUSTS <br />WHEREAS, the City maintains Section 115 trusts to assist in funding both pension and OPEB <br />obligations; and <br />WHEREAS, Investment Guidelines for the Section 115 Trusts were approved in 2021; and <br />WHEREAS, the Plan Administrator, Highmark merged with PFMAM; and <br />WHEREAS, PFM Asset Management has requested that the City Council review and consider <br />adoption of the new Investment Policy Statements; and <br />WHEREAS, adoption of this resolution will replace the Investment Guidelines established in 2021, <br />shown as Attachment B and D to the staff report presented to the City Council on July 7, 2025; and <br />NOW, THEREFORE, the City Council of the City of San Leandro does RESOLVE as follows: <br />Approval of the Investment Policy Statements for the City of San Leandro’s Section 115 Pension <br />and OPEB Trusts. <br />Introduced by Councilmember Aguilar and passed and adopted this 7th day of July 2025 by <br />the following vote: <br />AYES: Councilmember Aguilar, Azevedo, Boldt, Bowen, Simon, Viveros-Walton, Mayor González (7) <br /> <br />NOES: None (0) <br /> <br />ABSENT: None (0) <br /> <br />ATTEST: _________________________________ <br />Sarah K. Bunting, CMC <br />Deputy City Clerk <br /> <br /> <br /> <br />