Loading...
HomeMy WebLinkAbout10/12/2023 - Retirement Committee - Agenda - Regular Meeting General Employees Retirement Committee 215 N. Mason 2nd Floor PO Box 580 Fort Collins, CO 80522 970.221.6788 970.221.6782 - fax fcgov.com GENERAL EMPLOYEES’ RETIREMENT COMMITTEE AGENDA FOR OCTOBER 12, 2023 11:00 am ZOOM MEETING https://us02web.zoom.us/j/8140111859 Meeting ID: 814 011 1859 1. Citizen Participation and Plan Member Comments 2. Consider Approving the Minutes from the Meeting of July 13, 2023 3. Plan Participant Updates (LeeAnna Vargas) 4. Review Investment Report (Adam Halvorson) 5. Review Draft 2024 GERC Work Plan 6. Other Business General Employees Retirement Committee 215 N. Mason 2nd Floor PO Box 580 Fort Collins, CO 80522 970.221.6788 970.221.6782 - fax fcgov.com GENERAL EMPLOYEES’ RETIREMENT COMMITTEE ZOOM MEETING MINUTES JULY 13, 2023 11:00 AM Committee Members Present: Clark Mapes, Chair Randy Bailey, Vice Chair Del Bernhardt John Unger Ralph Zentz Blaine Dunn Members Absent: Jackie Darner Others Present: Amber Fluke Adam Halvorson LeeAnna Vargas Joel Stewart Ryan Malarky ___________________________________________________________________ Meeting called to order at 11 am 1. Welcome New Member - John Unger (introductions) 2. Citizen Participation and Plan Member Comments - none noted. 3. Consider Approving the Minutes from the Meeting of May 11,2023 Del Bernhardt made a motion to approve the minutes as presented. Randy Bailey seconded the motion. Approval confirmed via roll call; Randy Bailey, Del Bernhardt, Ralph Zentz, and Clark Mapes. 4. Plan Participant Updates (LeeAnna Vargas) The correction for previous calculations has been completed and all members affected have been notified. One member rolling over their funds in August. Also working with one member who will be eligible in August and another member who will be eligible in September. These members will be making a selection soon and one employee who separated employment and may be considering an early benefit option. 2 5. Review Investment Report (Adam Halvorson) 3 4 5 6 6. Other Business - none Meeting adjourned at 11:45 am Clark Mapes, Chair Carolyn Koontz, Staff Liaison Work Plan City of Fort Collins GENERAL EMPLOYEES’ RETIREMENT COMMITTEE 2024 Work Plan Regular meetings of the General Employees’ Retirement Committee (GERC) are scheduled for the second Thursday of every month and are held via Zoom or at 215 North Mason in conference room 2A beginning at 11:00 am. The 2024 GERC meeting schedule is: January 11 April 11 July 11 October 10 February 8 May 9 August 8 November 14 March 14 June 13 September 12 December 12 2024 GERC Work Plan  Prepare 2023 GERC Annual Report for City Council prior to January 31, 2024.  Fiduciary training for all Committee members.  Elect Officers and Review GERC standing rules in February 2024.  Consider modifying practices, policies, plan document, etc. as advised in fiduciary training.  Continue Monitoring of Retirement Plan and the appropriate level of contributions.  Revise actuarial assumptions prior to March 1, if necessary, for the 2023 Report.  Review ‘Personal Retirement Planning Statement’ forms in April 2024.  Review Quarterly and Monthly Investment Reports.  Review legislative issues with actuarial consultant and support staff.  Prepare Work Plan for 2025 by September 30, 2024.  Provide and enhance the educational opportunities for GERP members and GERC Board members, as appropriate.  The web site for the General Employees’ Retirement Committee will be monitored, updated as needed, and the minutes will be posted once they have been approved and signed.