Title
Revised Investment Policy for the City of Gainesville Disability Pension Fund (B)
This item involves a request for the City Commission to approve an amended investment policy and asset allocation for the Fund.
Explanation
The City's Retiree Health Fund Investment Advisory Committee recently completed a review of the Disability Pension Fund investment allocation with the assistance of the Fund's investment consultant and staff. The investment consultant and staff performed asset liability modeling analysis, and provided the Committee with various investment allocations for consideration. This process allowed the Committee and staff to determine a more optimal long term investment allocation for the Fund. The recommended asset allocation is identified and described in the Disability Pension Fund Investment Policy.
Fiscal Note
There is no cost associated with this change. The revised asset allocation should provide for improved risk-adjusted returns for the Fund over the long term.
Recommendation
The City Commission approve the amended Disability Pension Fund Investment Policy and the asset allocation contained therein.