Approve Resolution 2017-03 Establishing a Public Agencies Post-Employment Benefits Trust
Approve Resolution 2017-03 Establishing a Public Agencies Post-Employment Benefits Trust
Summary
SCH Number
2017018255
Lead Agency
Stanton, City of
(City of Stanton)
Document Title
Approve Resolution 2017-03 Establishing a Public Agencies Post-Employment Benefits Trust
Document Type
NOE - Notice of Exemption
Received
Document Description
In an effort to help public agencies address and manage their GASB 68 liability, Public Agency Retirement Services, has developed the PARS Post-Employment Benefits Trust Program. Resolution 2017-03 would permit the City of Stanton to invest in a more diversified array of investments and maximize investment returns long term through the establishment of a trust. It would also establish the City Manager as the City's plan Administrator for the program.
The activity will not result in a director reasonably foreseeable indirect physical change in the environment and the activity is not a project as defined in Section 15378 of the CEQA Guidelines, CCR, Title 14, Chapter 3, because it has no potential for resulting in physical change to the environment, directly or indirectly.
