City Council

CC 19. Resolution Approving the Adoption of the Multiple Employer OPEB/Pension 115 Trust\nAdministered by Shuster Advisory Group, LLC\nRecommendation(s):\nStaff recommends City Council adopt Resolution 23-XX approving the adoption of the\nMultiple Employer OPEB/Pension 115 Trust administered by Shuster Advisory Group and\nthe discontinuance of the City’s current participation in the California Employers’ Retiree\nBenefit Trust (CERBT) administered by California Public Employee’s Retirement System\n(CalPERS).\nShuster Advisory Group, LLC is an independent investment advisory firm and fiduciary. They\nprovide governmental and institutional retirement plan consulting services as well as private wealth\nmanagement. Shuster is a SEC-Registered Investment Advisor with over $5 billion in assets under\nmanagement focusing on serving the unique needs of governmental agencies and special districts.\nShuster serves as investment fiduciary to over 60 governmental agencies and special districts\nproviding investment selection, monitoring and management, and provides plan consulting and\nparticipant services.\nPUBLIC HEARING