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The board directed its attorney to revise a proposed share plan ordinance with an October 1, 2024 effective date; the minutes state this would require no contribution from the city. Trustees also approved moving $1.2 million from the ALGER growth fund to cash and shifting half of the Euro Pacific allocation to DFA.
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The share plan is a proposed way to distribute certain state funds to eligible pension participants, but the minutes do not show that the ordinance was finally enacted. The board approved several investment changes, including moving money into cash and adding an international investment manager. It also approved a pension payment adjustment, agreements with Robbins Geller and CAPIS, warrants, and the reelection of Trustee Oscar Guinart through September 30, 2029.
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