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FRMC recommends board approve investment-policy, surplus property and Social Security resolutions
Summary
At its August 2025 meeting the Finance & Risk Management Committee (FRMC) voted unanimously to recommend the board adopt three resolutions: a revised investment policy, a disposal-of-surplus-property policy, and a resolution to initiate a CalPERS Section 218 process to permit a Social Security enrollment vote for employees.
The Finance & Risk Management Committee of San Diego Community Power on an August 2025 meeting recommended the board adopt three staff-backed resolutions updating the agency's investment policy, establishing a disposal-of-surplus-property policy, and authorizing a process to seek employee approval to enroll in Social Security.
The committee voted 3-0 to recommend adoption of Resolution No. 2025-08, which adds authorization for certain local government investment pools (stable-net-asset-value funds) and clarifies rules…
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