Addendum - IRS Sec 115 Trust Governance
PREPARED BY: STEPHEN CONWAY
FINANCE DIRECTOR
Reviewed by: Town Manager, Assistant Town Manager, and Town Attorney
110 E. Main Street Los Gatos, CA 95030 ● 408-354-6832
www.losgatosca.gov
TOWN OF LOS GATOS
FINANCE COMMITTEE REPORT
MEETING DATE: 11/07/2017
ITEM NO: 18
ADDENDUM
ITEM NO: 11
DATE: NOVEMBER 6, 2017
TO: MAYOR AND TOWN COUNCIL
FROM: LAUREL PREVETTI, TOWN MANAGER
SUBJECT: REVIEW, DISCUSS, AND CONSIDER THE RECOMMENDATIONS OF THE
COUNCIL FINANCE COMMITTEE TO:
A. ADOPT A RESOLUTION ESTABLISHING THE TOWN COUNCIL AS AN
OVERSIGHT COMMITTEE FOR THE TOWN OF LOS GATOS IRS SECTION
115 PENSION TRUST AND CALIFORNIA EMPLOYERS’ RETIREE BENEFIT
TRUST (CERBT)
B. ADOPT AN INVESTMENT POLICY FOR THE TOWN OF LOS GATOS IRS
SECTION 115 PENSION TRUST AND CERBT
REMARKS:
After the staff report was distributed on November 2, 2017, that attached communic ation was
received (Attachment 3).
Attachments previously distributed:
1. Draft Resolution Establishing the Oversight Committee for the Town of Los Gatos IRS
Section 114 Pension Trust and California Employers’ Retiree Benefit Trust (CERBT)
2. Draft IRS 115 Pension and OPEB Trust Assets Investment Policy
Attachment received with this Addendum:
3 Communication received from 11:01 a.m. Friday, November 3, 2017 through 11:00 a.m.
Monday, November 6, 2017.