News

PACE trustee meeting recap: Trustees formulate strategic plan

Property and Casualty Coverage for Education (PACE) Trustees spent much of the July 24 trustee meeting discussing the insurance pool’s three- to five-year strategic direction and goals. Although the plan was not finalized, there was a useful dialogue around where the trustees would like to see PACE in the next several years. They specifically addressed three areas: coverage, stability of the trust and services provided to members.

In other business, the trustees appointed Phil Wentz, facilities manager at Tigard-Tualatin School District, as trustee chair, and Debbie Laszlo, risk manager at Redmond School District, as vice-chair.

Three trustees, Sharla Andresen, risk manager at Central Oregon Community College; Craig Prewitt, Phoenix-Talent School Board member; and Phil Wentz, facilities manager at Tigard-Tualatin School District, were appointed to the PACE staff evaluation committee. The evaluation purpose is to ensure Oregon School Boards Association (OSBA) and Special Districts Association of Oregon (SDAO) staff who facilitate PACE are meeting the trust’s expectations and needs adequately.

Additionally, the trustees received the annual investment update from PACE's investment services company, Russell Investments. Russell Client Executive Greg Coffey briefed the trustees on PACE's investment portfolio and provided educational information about the current state of the global economy and investment styles, strategies and options.