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Commission approves updates to employee investment policy statements (Resolution 1482)
Summary
Resolution 1482, updating investment policy statements for multiple employee plans including the General Employees’ Investment Plan and the Police Share Plan, was approved unanimously after a public hearing with no speakers.
The Commission opened a public hearing on Resolution 1482 to amend investment policy statements for the City’s General Employees’ Investment Plan, the Section 457b deferred compensation plans, the Executive Pension Investment Plan and the Police Share Plan. No members of the public spoke and the Commission approved Resolution 1482 by unanimous roll call vote.
No substantive discussion or questions were recorded on the floor about the investment policy amendments during the hearing. The resolution updates internal investment policy statements for the named retirement and deferred compensation plans; details of the specific policy language were not included in the meeting minutes.
