Olivette August 1, 2024 Pension Board Meeting

Olivette City Pension Board · August 1, 2024

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48:29

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48:29

Meeting opening and agenda

Presentation

0:02 → 0:32(30s)

AJ Stoll (Econ Benefits) introduced himself and said he would present the annual pension valuation and a proposed plan amendment to ease retiree administration; he outlined the two agenda items and said the valuation begins on page 3 of the report.

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Olivette City pension board received a valuation showing a strong 11.82% investment return for the 2023 plan year, reviewed multiple funded-status measures and contribution options, approved a plan amendment to change an optional-payment lookback from two months to four months with a 12-month grandfather, and approved an investment rebalancing recommended by the consultant.

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Transcript

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