CITY OF ORLANDO
COUNCIL AGENDA ITEM

Items Types:
OPEB Trust - Board of Trustees 		For Meeting of:
October 10, 2016
District: ALL From:
Contract ID: Document Number:
Exhibits: Yes On File (City Clerk) : Yes Draft Only: No
Grant Received by City?: No
Subject:
Asset allocation for the OPEB Trust Fund.
Summary:

The City of Orlando OPEB Trust Fund was established by the City Council on September 8, 2008, to set aside funds to meet the City’s future retiree healthcare liability.  Assets in the OPEB Trust are invested in a broad range of investments suitable for a portfolio with a long-term investment horizon.  At the inception of the OPEB Trust, an asset allocation study was done by the OPEB Trust’s investment consultant, NEPC, and approved by OPEB Board of Trustees.  

 

NEPC recently conducted a new asset allocation study for the OPEB Trust to evaluate the current allocation of investments. NEPC recommends the changes shown in the attached document.  The Finance Committee and the Investment Committee have approved the new asset allocation.
Fiscal & Efficiency Data:
Recommended Action:
Approval of attached asset allocation for the OPEB Trust Fund
Agenda Item attachment(s) on file in the City Clerks Office.
Note: All agenda items must be in the City Clerk's office by Noon Friday, six(6) business days prior to the regular Monday City Council meeting.
Contact: Katrina Laudeman
Approved By:

Department Date and Time
Budget Outside Routing Approval 9/28/2016 4:19 PM
City Clerk 9/29/2016 7:26 AM
ATTACHMENTS:
Name: Description: Type:
OPEB_New_Asset_Allocation.pdf OPEB New Asset Allocation Backup Material
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