City of Coral Gables

File #: 23-6198    Version: 1 Name:
Type: Resolution Status: Adopted
File created: 8/14/2023 In control: City Commission
On agenda: 8/22/2023 Final action: 8/22/2023
Enactment date: 8/22/2023 Enactment #: 2023-228
Title: A Resolution of the Coral Gables Retirement Board recommending the City Commission stay the course and continue to make additional payments to fund the pension unfunded liability as agreed to with the Retirement Board in Resolution No. 2015-271 and in past practices.
Attachments: 1. CC.Retirement Board Resolution 08-11-2023 August 22, 2023, 2. Coral Gables Retirement Board Resolution 2023-08-10

Title

A Resolution of the Coral Gables Retirement Board recommending the City Commission stay the course and continue to make additional payments to fund the pension unfunded liability as agreed to with the Retirement Board in Resolution No. 2015-271 and in past practices.  

Body

During the August 11 2023 Coral Gables Retirement Board meeting, a discussion item was heard regarding the Board’s continued support of the pension unfunded liability accelerated pay down policy to eliminate the current pension unfunded liability pursuant to Resolution 2015-271.

 

Recommended Action

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