MOTION TO ADOPT PROPOSED RESOLUTION NO. 2026-R-24.

City Commission · 2026-09-16 · agenda_item

The City of Pembroke Pines is considering a resolution to confirm the authority of its Investment Committee and city officials. This action would allow them to select a group annuitant, transfer funds, and take necessary steps to end the Retirement Income Plan for General Employees. This item is currently pending before the City Commission. While no physical construction is involved, the process will require financial services related to investment management and fund transfers. Local financial advisors, investment firms, and insurance providers specializing in group annuities could find opportunities in assisting the city with these financial decisions. Early engagement before final decisions are made could be advantageous.