Audit, Finance and Administration Committee approves Master Trust Pension Statement of Investment Policies and Procedures 8-0

Audit, Finance and Administration Committee voted 8 to 0, with 2 absent on Master Trust Pension Statement of Investment Policies and Procedures at its Thursday, July 30, 2026 meeting. The motion carried.

The motion, as recorded in the minutes:

Master Trust Pension Statement of Investment Policies and Procedures (City Wide) (Kroetsch/Spadafora) That Report FCS26052, respecting Master Trust Pension Statement of Investment Policies and Procedures (City Wide), dated July 30, 2026, be received and the following recommendation, be approved: (a) That Report FCS26052 and Appendix “A” to Report FCS26052, respecting the 2025 City of Hamilton Defined Benefit Pension Plans Master Trust Statement of Investment Policies and Procedures, be approved and replace the previous 2024 City of Hamilton Defined Benefit Pension Plans Master Trust Statement of Investment Policies and Procedures contained in Report FCS25008 and approved by Council on March 26, 2025; and, (b) That Report FCS26052 and Appendix “A” to Report FCS26052, respecting the 2025 City of Hamilton Defined Benefit Pension Plans Master Trust Statement of Investment Policies and Procedures, be forwarded to the HMRF / HWRF Pension Administration Sub- Committee and to the Hamilton Street Railway Pension Advisory Committee for their information.

This item comes up about 1:29:36 into the meeting recording. The meeting stayed on it for about 32 minutes. The recording is the city’s own. Local Wire does not transcribe it or attribute remarks from it.

Every figure above comes from the official minutes and the recorded vote they contain. The roll call shows how each member voted.