TO: AC Transit Board of Directors
FROM: Pamela J. Caronongan, Board Administrative Officer/District Secretary
SUBJECT: Appointment to the AC Transit Retirement Board
ACTION ITEM
AGENDA PLANNING REQUEST: ☐
RECOMMENDED ACTION(S):
Title
Consider adopting Resolution No. 26-025 appointing Director of Management and Budget Richard Oslund to fill the unexpired term for the non-ATU member on the AC Transit Retirement Board until March 31, 2027.
Staff Contact:
Pamela J. Caronongan, Board Administrative Officer/District Secretary
Body
STRATEGIC IMPORTANCE:
There is no strategic importance associated with this report.
BUDGETARY/FISCAL IMPACT:
There is no budgetary/fiscal impact associated with this report.
BACKGROUND/RATIONALE:
Ordinance 10 (Attachment 2) sets forth the parameters for making appointments to the five-member AC Transit Retirement Board (Retirement Board). It specifies that two public members shall be selected by the District’s Board of Directors (Board) based on criteria established by the Board, and one member shall be selected by the Board from employees who are not represented by ATU, Local 192. These members serve a two-year term. The two remaining members of the Retirement Board are elected officers of ATU, Local 192.
In July of 2026, Chief Financial Officer Chris Andrichak advised that he will be leaving the District on August 14 which created a vacancy on the Retirement Board that Mr. Andrichak held as the appointed non-ATU member. The newly appointed member would assume the remainder of Mr. Andrichak’s term ending on March 31, 2027.
It is with the support of the General Manager that staff recommends the appointment of Director of Management and Budget, Richard Oslund, to fill the non-ATU position on the Retirement Board. Mr. Oslund attends the AC Transit Retirement Board meetings and has worked closely with Mr. Andrichak and the Retirement Department for many years on matters concerning the District’s pension contribution. Mr. Oslund is not represented by any of the three AC Transit-affiliated labor unions, fulfilling the non-ATU requirement. Staff believes that it is in the best interest of both the Retirement Board and the District to make this appointment and ensure the uninterrupted representation of the Non-ATU employees/retirees on the Retirement Board. At the expiration of the term in 2027, the Board will have an opportunity to consider an appointment for the next two-year term.
In conclusion, it is recommended that the Board of Directors adopt Resolution 24-025 (Attachment 1) to appoint the Director of Management and Budget, Richard Oslund, to fill the remainder of the unexpired term as the Non-ATU member on the AC Transit Retirement Board.
ADVANTAGES/DISADVANTAGES:
The advantage of appointing the Director of Management and Budget who brings years of financial expertise is to maintain continuity on the Retirement Board. A knowledgeable, responsible and steady Retirement Board is an asset to the beneficiaries of the Retirement Plan and the District. There are no notable disadvantages.
ALTERNATIVES ANALYSIS:
There are no practical alternatives to filling the vacancy on the Retirement Board.
PRIOR RELEVANT BOARD ACTION/POLICIES:
Ordinance 10
ATTACHMENTS:
1. Resolution No. 26-025
2. Ordinance 10
Prepared by:
Jelena Harada, Assistant District Secretary
Approved/Reviewed by:
Pamela J. Caronongan, Board Administrative Officer/District Secretary
Aimee L. Steele, General Counsel/Chief Legal Officer
Paul Kincaid, Interim Chief Financial Officer
Salvador Llamas, General Manager/Chief Executive Officer