HomeMy WebLinkAbout2004 - Retirement Committee - Work PlanGENERAL EMPLOYEES' RETIREMENT COMMITTEE
2004 Work Plan & Meeting Schedule
Regular meetings of the General Employees' Retirement Committee (GERC) are scheduled for
the first Thursday of every month in the Council Information Center (CIC) of City Hall, 300
LaPorte Avenue at 1:15pm. The 2004 GERC meeting schedule is:
January 8 April 1
February 5 May 6
March 4 June 3
2004 GERC Work Plan
July 1
October 7
August 5
November 4
September 2
December 2
1. Prepare 2004 GERC Annual Report for City Council prior to January 31, 2005;
2. Elect Officers and Review GERC standing rules in February, 2004;
3. Revise actuarial assumptions prior to April 1, if necessary;
4. Review of Actuary's Valuation Report;
5. Provide informational memo to Council summarizing the funding status of the Plan;
6. Monitor Plan's funding status --develop alternative funding strategies if necessary;
7. Distribute `Personal Retirement Planning Statement' forms in April 2004;
8. Review Quarterly Investment Reports;
9. Review legislative issues with actuarial consultant and support staff;
10. Conduct annual review of actuarial consultant services in June, 2004;
11. Prepare Work Plan for 2005 by November 30, 2004;
12. Revise the Member Handbook and/or create a Summary Plan Description;
13. Provide educational opportunities for GERP members when needed; and
14. Update Plan Investment Policy.
Adopted by the General Employees' Retirement Committee at a special meeting convened
November 25, 2003.