Aug 28, 2026BoardMeeting
BoardCocc Investment Committee Meeting Minutes
The committee discussed the potential issuance of pension bonds to reduce the college's unfunded pension liability, including a review of Monte Carlo Analysis results regarding the likelihood of PERS investments outperforming bond interest costs. Discussions addressed the risks of market volatility, the impact of payroll growth and union negotiations on financial stability, and the college's current reserve policy. The committee also considered the timeline for a potential bond sale, credit rating updates, and the need for further financial sensitivity modeling before making a decision.