pages: SpecialFinanceAndManagementCommittee/2019-02-19.pdf, 6
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SpecialFinanceAndManagementCommittee | 2019-02-19 | *Special Finance & Management Meeting Minutes - FINAL February 19, 2019 Committee 10 Subject: OPEB Funding Policy From: Finance Department Recommendation: Adopt A Resolution Adopting The Other Post-Employment Benefits Funding Policy Of The City Of Oakland 18-1277 Attachments: View Report View Report - Attachment A View Report - Attachment B View Supplemental Report - Letter 2/8/19 View Supplemental Report - 2/8/19 View Supplemental Report 2/22/2019 87551 CMS The Committee accepted staffs recommendation to amend the language on page 5 striking "Consistent with Section 4.1 of this policy, if the-sum of annual pay -go costs plus-the supplemental contribution as outlined above is less than the ADC for explicit subsidy payments in that same year, then the City-will seek to negotiate benefit and/or employee contributions sufficient to close this sustainability gap". There were 5 speakers on this item. A motion was made by Nikki Bas, seconded by Dan Kalb, that this matter be Approved as Amended the Recommendation of Staff, and Forward to go before the Special Concurrent Meeting of the Oakland Redevelopment Successor Agency/City Council, to be heard 2/26/2019. The motion carried by the following vote: Excused 1 - - McElhaney Aye 3 - - Kalb Bas, Thao NO VOTE 0 City of Oakland Page 6 Printed on 3/7/2019 | 6 | SpecialFinanceAndManagementCommittee/2019-02-19.pdf |