Oakland Police & Fire Retirement System (PFRS) Board of Administration - May 31, 2023

Agenda

• Oakland Police & Fire Retirement System (PFRS) Board of Administration - May 31, 2023 Agenda - 05/31/2023

Topics

1. INFORMATIONAL REPORT REGARDING ACTUARIAL FUNDING

   From:	Cheiron, Inc., PFRS Plan Actuary
   Recommendation:	ACCEPT informational report regarding actuarial funding as it relates to the July 1, 2026 Actuarial Funding Date

   • B CHEIRON Full Funding Memo 2023 05 23s
2. ELECTION OF 5-YR RETIRED POLICE REPRESENTATIVE TO THE PFRS BOARD

   From:	Staff of the PFRS Board
   Recommendation:	ACCEPT informational report regarding the election of the 5-Year Retired Police Representative for the PFRS Board seat currently held by member Robert W. Nichelini

   • C2 PFRS 2023 05 31 AR Election 5 Yr Police
3. MANNER AND FREQUENCY OF PFRS BOARD AND COMMITTEE MEETINGS

   From:

   PFRS Legal Counsel

   Recommendation:

   ACCEPT public legal opinion regarding the manner and frequency of PFRS Board and Committee meetings; DISCUSS legal opinion and recommendation for reduction in frequency of meetings; and APPROVE change to Article 5, section 5.2 of the PFRS Rules and Regulations by 1) reading recommended proposed rule change from public legal opinion into the record (first reading) or 2) by directing staff to return with a recommendation for a change to Article 5, section 5.2(b) of the PFRS Rules and Regulations consistent with the Board’s recommendation and discussion.

   • F LEGAL OPINION 2023 PFRS Memo re Changing Frequency of Meetings

Accessibility and interpretation requests

Contact us to request disability-related accommodations, American Sign Language (ASL), Mandarin, Spanish or another language interpreter at least five (5) business days before the event.

All meetings held in-person are wheelchair accessible. Please refrain from wearing scented products as a courtesy to attendees with chemical sensitivities.

To make a request contact mvisaya@oaklandca.gov