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Commission advances license-plate proposal to grow pension fund; staff reports deposits and pension account balance
Summary
Staff briefed commissioners on a license-plate project to fund the commission pension: DMV requires 7,500 preorders; staff reported a current deposit of $347,000 and a pension investment account of about $4.65 million and said they will prepare materials for DMV submission.
Commission staff updated commissioners on revenue and pension initiatives, including a proposed commission license plate intended to provide a recurring revenue stream for the fighters’ pension fund.
Andy Foster, the commission’s executive officer, said the commission currently has deposits of $347,000 early in the fiscal year and reported the pension…
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