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AGENDA ITEM REVIEW FORM |
5.A.
Special Employee Benefit Trust Board Meeting
- Meeting Date:
- 12/02/2025
- Submitted By:
- Maria Barajas Gutierrez, Human Resources Coordinator, Human Resources Department
ITEM:
Discussion and possible action on any and all matters regarding Resolution No. 2025-01. A Resolution of the Board of Trustees of the City of San Luis Employee Benefit Trust permanently barring a former broker from providing services to the Board; repealing conflicting provisions; and providing for severability. (Kay Marion Macuil, General Council)
SUMMARY:
As a result of newly discovered information brought to the attention of the Board of Trustees of the City of San Luis Employee Benefits Trust (“Board”) during an executive session on June 24, 2025, it is recommended that Susan Posada, along with any individuals acting working on her behalf, be permanently barred from providing services to the Board, the City of San Luis Employee Benefits Trust, and its Plan.
Resolution No. 2025-01 enacts this prohibition. The exhibit to the Resolution is a draft notification letter prepared by Outside Counsel Greg Ash. The Resolution also direct that the finalized letter be delivered to Ms. Posada to formally notify her of this action.
Resolution No. 2025-01 enacts this prohibition. The exhibit to the Resolution is a draft notification letter prepared by Outside Counsel Greg Ash. The Resolution also direct that the finalized letter be delivered to Ms. Posada to formally notify her of this action.
RECOMMENDATION / SUGGESTED MOTION:
I MOVE TO APPROVE RESOLUTION NO. 2025-01 AS PRESENTED.