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<br />. <br /> <br />o <br /> <br />,~ <br /> <br />in a timely mannner to rapidly changing money market investment <br />opportunities and a flexible and aggressive investment policy is <br />necessary to increase revenues, which will in turn reduce the level <br />of employer contributions:; <br />NOW, THEREFORE; <br />BE IT RESOLVED BY THE COUNCIL OF THE CITY OF REDWOOD CITY, <br />AS FOLLOWS: <br />The Board of Directors of the Public Employees Retirement <br />System is hereby re~uested to investigate its current PERS investment <br />policy with the goal of improving the rate of return for the <br />investment portfolio of PERS through the institution of a flexible <br />and aggressive investment program. <br /> <br />* <br /> <br />* <br /> <br />* <br /> <br />-2- <br /> <br />8846 <br />