HomeMy WebLinkAbout2009 - Retirement Committee - Work PlanGENERAL EMPLOYEES' RETIREMENT COMMITTEE
2009 Work Plan & Meeting Schedule
2009 Meeting Schedule
Regular meetings of the General Employees' Retirement Committee (GERC) are scheduled for
the second Thursday of every month and are held at 215 North Mason in conference room 2A
beginning at 1:15pm. The 2009 GERC meeting schedule is:
January 8 April 9 July 9 October 8
February 12 May 14 August 13 November 12
March 12 June I 1 September 10 December 10
2009 GERC Work Plan
• Prepare 2008 GERC Annual Report for City Council prior to January 31, 2009.
Submit the Plan to the IRS by January 31, 2009 for an updated determination letter.
Submit IRS approved Plan for Council approval within 60 days of receiving IRS
approval.
Elect Officers and Review GERC standing rules in February, 2009.
• Continue Monitoring of Retirement Plan and the level appropriate level of contributions.
• Revise actuarial assumptions prior to April 1, if necessary.
• Distribute `Personal Retirement Planning Statement' forms in April 2009.
• Review Quarterly Investment Reports.
• Review legislative issues with actuarial consultant and support staff.
Conduct annual review of actuarial consultant services in June, 2009.
• Prepare Work Plan for 2010 by November 30, 2009.
Provide educational opportunities for GERP members when needed.
• The web site for the General Employees' Retirement Committee will be monitored,
updated as needed, and the minutes of the meetings will be posted once they have been
approved and signed.
Provide advice to Council related to the 2010-11 budget process related to retirement
issues.