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Commission advances license-plate proposal to grow pension fund; staff reports deposits and pension account balance

California State Athletic Commission · September 11, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

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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