Westlake Village
City Council
Agenda Item 1
1. APPROVAL OF THE CALIFORNIA EMPLOYERS’ PENSION PREFUNDING\nTRUST (CEPPT) PARTICIPATION AGREEMENT WITH THE CALIFORNIA\nPUBLIC EMPLOYEE RETIREMENT SYSTEM AND AUTHORIZATION OF A\nONE-TIME INVESTMENT OF $1,000,000; RESOLUTION NO. 2284-23 - Adopt\nResolution No. 2284-23 approving the California Employers’ Pension Prefunding\nTrust (CEPPT) Participation Agreement with CalPERS, for the City to participate\nin the CEPPT, authorizing certain positions in the City to request disbursements\nfrom the CEPPT Trust; to file the necessary forms with CalPERS, and to make a\none-time investment of $1,000,000 to open the CEPPT Section 115 Trust with\nCalPERS.\nRESOLUTION 2284-34: A RESOLUTION OF THE CITY COUNCIL OF THE CITY\nOF WESTLAKE VILLAGE ADOPTING AND APPROVING AN AGREEMENT\nWITH THE CALIFORNIA PUBLIC EMPLOYEES’ RETIREMENT SYSTEM TO\nPARTICIPATE IN THE CALIFORNIA EMPLOYERS’ PENSION PREFUNDING\nTRUST PROGRAM, AND AUTHORIZING A CONTRIBUTION OF $1 MILLION