Laserfiche WebLink
ATTACHMENT 3 <br /> THE CITY OF <br /> L-E ASANTONC ADOPTED BY CITY COUNCIL <br /> PARS Trust Withdrawal Policy Guidelines <br /> Subject <br /> Establishment of a Section 115 Pension Trust Fund Withdrawal Policy ensures there <br /> will be monies available to help the City make pension contributions when necessary <br /> Purpose <br /> The purpose of this policy is to: <br /> 1. Place limits on the use of the City's Section 115 Pension Trust Fund <br /> administered by PARS (PARS Trust) to ensure funds area available to make <br /> pension contributions during financially difficult times. <br /> 2. Reduce pressure to reduce City services to make pension contributions during <br /> financially difficult times. <br /> Policy <br /> It is the policy of the City of Pleasanton to prudently manage its budget. <br /> Scope <br /> This policy applies to the City's Section 115 Pension Trust Fund administered by <br /> PARS (PARS Trust). <br /> Procedures <br /> The City Manager may withdraw from the PARS Trust with City Council approval. <br /> Distribution approved: <br /> Nelson Fialho, City Manager <br />