City Council

17. RESOLUTION NO. 9907 – APPROVING THE ADOPTION OF THE MULTIPLE\nEMPLOYER OTHER POST-EMPLOYMENT BENEFITS (OPEB)/PENSION 115\nTRUST ADMINISTERED BY SHUSTER ADVISORY GROUP, LLC (FINANCE)\nRECOMMENDATION: It is recommended that the City Council:\nMay 21, 2024: City Council Meeting Page 7 of 8\n1) Adopt Resolution No. 9907 approving the adoption of the multiple employer\nOther Post-Employment Benefits (OPEB) and Pension 115 Trust administered\nby Shuster Advisory Group; and\n2) Authorize the City Manager to discontinue the City’s current participation in the\nCalifornia Employers’ Retiree Benefit Trust (CERBT) and the California\nEmployers’ Pension Prefunding Trust (CEPPT) administered by California Public\nEmployee’s Retirement System (CalPERS).