City Council

16. Page 63 Approval of a Multiple Employer Other Post Employment Benefit\n(OPEB)/Pension 115 Trust with Shuster Advisory Group, LLC\nRecommended Action:\nIt is recommended that the City Council adopt Resolution No. 2023-31,\nauthorizing the City Manager to execute agreements with Shuster Advisory\nGroup LLC, Charles Schwab Trust Bank, and Alta Trust Company for the\nestablishment and administration of a Multiple Employer OPEB and Pension\n115 Trust; and the Board of Directors of the Hesperia Fire Protection District\n(HFPD) adopt Resolution HFPD No. 2023-03, approving the discontinuance of\nthe HFPD’s participation in the Post-Employment Benefits Trust administered\nby the Public Agency Retirement Services (“PARS”), and approving\nagreements with Shuster Advisory Group LLC, Charles Schwab Trust Bank,\nand Alta Trust Company for the establishment and administration of a Multiple\nEmployer OPEB/Pension 115 Trust.\nStaff Person: Director of Administrative Services Casey Brooksher\nAttachments: SR Approval of Multiple Employer OPEB/Pension 115 Trust 5-16-2023\nResolution 2023-31\nResolution HFPD 2023-03