Town Pension and OPEB Trusts Oversight Committee Meeting / December 2, 2025 / 6:15 PM

Los Gatos Town Council · December 3, 2025

0:00/36m

36:41

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10:00

20:00

30:00

35:00

Call to order and roll call

Announcement

30:01 → 30:34(33s)

The meeting was called to order and a roll call was taken naming Aristo, Rani, Badami, Moore and Mayor Hudes as present.

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At an OPEB/pension trust meeting, staff presented a recommendation from the finance commission about whether to transfer roughly $3.1 million held in a Section 115 trust into CalPERS. Council members voted unanimously to delay any transfer and to wait for the results of three pending financial studies, targeting discussion at the June OPEB meeting.

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Transcript

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