El Segundo

City Council

January 20, 2026 Item #12

Agenda Item 12

12. Transfer of Administration, Investment Management, and Assets of the\nCity's Other Post Employment Benefits (Retiree Medical) Section 115\nTrust\nRecommendation -\n1. Adopt Resolution # XXXX authorizing the City Manager to move forward\nwith the trust-to-trust transfer.\n2. Terminate the contracts and agreements with CalPERS.\n3. Execute agreements to transfer administration and investment\nmanagement services of City’s Other Post Employment Benefits Section\n115 Trust to Shuster Advisory Group, LLC, transfer Trust assets to\nCharles Schwab Trust Bank, and name Alta Trust Company as the\nDirected Trustee.\n4. Alternatively, discuss and take other action related to this item.