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...
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