File #: 09-1096    Version: Name: City's Long-Term Pension Liabilities
Type: City Resolution Status: Passed
File created: 1/5/2010 In control: Concurrent Meeting of the Oakland Redevelopment Agency / City Council
On agenda: 5/11/2010 Final action: 5/18/2010
Title: Subject: City's Long-Term Pension Liabilities From: Finance and Management Agency Recommendation: Adopt A Resolution By The City Council Of The City Of Oakland Directing The City Administrator In Order To Address The City''s Pension Funding Needs To (1) Negotiate With The Police And Fire Retirement Board For A Holiday From Payments To The System, (2) Form A Financing Team To Facilitate Issuance And Sale Of Pension Obligation Bonds, (3) Return And Seek City Council Approval By Resolution For The Issuance And Sale Of The Pension Obligation Bonds, And (4) Enter A Third Supplemental Annuity Deposit Agreement With The Police And Fire Retirement System
Attachments: 1. View Report.pdf, 2. View Report.pdf, 3. View Supplemental Report.pdf, 4. 82779 CMS.pdf
Title
Subject:      City's Long-Term Pension Liabilities
From:            Finance and Management Agency
Recommendation: Adopt A Resolution By The City Council Of The City Of Oakland Directing The City Administrator In Order To Address The City''s Pension Funding Needs To (1) Negotiate With The Police And Fire  Retirement Board For A Holiday From Payments To The System, (2)  Form A Financing Team To Facilitate Issuance And Sale Of Pension Obligation Bonds, (3) Return And Seek City Council Approval By Resolution For The Issuance And Sale Of The Pension Obligation Bonds, And (4) Enter A Third Supplemental Annuity Deposit Agreement With The Police And Fire Retirement System