SUBJECT: Approval of an Agreement with Phase II Systems for the Section 115 Post Employment Benefit Trust Administered by Public Agency Retirement Services (PARS) to Fund the City’s Pension Benefits REPORT IN BRIEF Requests approval of a Professional Services Agreement with Phase II Systems, doing business as “Public Agency Retirement Services” and “PARS” for administrative services as Trust Administrator for pre-funding pension obligations. RECOMMENDATION City Council - Adopt a motion approving the agreement for professional services with Phase II Systems, doing business as “Public Agency Retirement Services” and “PARS” for administrative services as Trust Administrator for pre-funding pension obligations and authorizing the City Manager or designee to execute the necessary documents.

Consent Item Passed Introduced May 6, 2021

Committee: City Council/Public Finance and Economic Development Authority/Parking Authority
Introduced: May 6, 2021
On agenda: June 7, 2021
Passed: June 7, 2021