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Minutes of OPEB Trust Board Special Meeting, 04/25/2022

AGENDA: OPEB Trust Board Special Meeting

RECEIVED 05/03/2022 4:30pm
Michele R. Grande – Redding Town Clerk

Town of Redding
OPEB Trust Board Special Meeting
Monday, 4/25/2022
Immediately following the BOF Meeting Via Zoom

Filed subject to approval.

Present:
Jenifer Wyss, Chair
Ward Mazzucco
Rob Dean
Karen Gifford
Jamie Barickman (arrived at 8:15PM)

Also Present:
Steve Gniadek, Finance Director
Wes Higgins, Treasurer
Peg O’Donnell
Members of the Public

Ms. Wyss called the meeting to order at 8:01PM.

1. To Approve the Minutes of the Monday, 1/24/2022 OPEB Trust Board meeting.

Motion:
Mr. Mazzucco made a motion to approve the minutes of the Monday, 1/24/2022 OPEB Trust Board meeting. Ms. Gifford seconded the motion. The vote was unanimous, and the motion carried.

2. Public Comment

There was no Public Comment due to the change in the Zoom Meeting ID for this meeting and following improper notice of this change.

3. Investment Performance

Chair Wyss asked Steve Gniadek to invite the Fiducient Advisors representative Kate Pizzi to the next OPEB Trust Board meeting to discuss investment performance and investment selections.

Motion:
Mr. Mazzucco made a motion to approve the Charles Schwab Investment Statement for March 2022. Ms. Gifford seconded the motion. The vote was unanimous, and the motion carried.

4. Trust Funding Update

Chair Wyss discussed funding levels for OPEB Trusts and OPEB funding strategies for various municipalities.

Mr. Dean requested that the comments stated tonight should be repeated at the future OPEB Trust Board meeting so that the Public can listen and comment.

5. Other Business

There was no other business discussed.

6. Public Comment

There was no Public Comment.

Motion:
Mr. Mazzucco made a motion to adjourn the meeting. Ms. Gifford seconded the motion. The vote was unanimous, and the motion carried.

The meeting was adjourned at 8:16PM.

Submitted by,
Zachary Smith