Municipal Pensions Oversight Board Quarterly Meeting Minutes
The board addressed several operational and financial governance matters. Key discussions included an update on the Audit Committee's progress and the establishment of protocols for municipalities regarding the use of actuarial valuations in annual budgeting processes. The board deliberated on legislative statute modifications and authorized the Executive Director to initiate the transfer of control for board funds. Furthermore, members reviewed and accepted the financial report and associated purchase card expenditures. The board also authorized the issuance of a Request for Proposal for actuarial services and reviewed the Executive Director's report, which detailed upcoming trustee training schedules and strategies for optimizing the draw-down of pension funds.