HomeMy WebLinkAbout2008 - Retirement Committee - Work PlanGENERAL EMPLOYEES' RETIREMENT COMMITTEE
2008 Work Plan & Meeting Schedule
2008 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 2008 GERC meeting schedule is:
January 10 April 10 July 10 October 9
February 14 May 8 August 14 November 13
March 13 June 12 September 11 December 11
2008 GERC Work Plan
■ Prepare 2007 GERC Annual Report for City Council prior to January 31, 2008.
■ Elect Officers and Review GERC standing rules in February, 2008.
■ Continue Monitoring of Retirement Plan and the level appropriate level of contributions.
• Revise actuarial assumptions prior to April 1, if necessary.
■ Review the 47% GERP death benefit provision.
■ Discuss actuarial methods to determine whether to use Entry Age Normal or the
Aggregate Method.
■ Distribute `Personal Retirement Planning Statement' forms in April 2008.
• Review Quarterly Investment Reports.
■ Review legislative issues with actuarial consultant and support staff.
■ Conduct annual review of actuarial consultant services in June, 2008.
■ Prepare Work Plan for 2009 by November 30, 2008.
• 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.
0 Provide advice to Council related to the 2009 budget process related to retirement issues.