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HomeMy WebLinkAboutMINUTES - 10301990 - IO.3 TO:. BOARD OF SUPERVISORS 1 _. Contra FROM: Costa n� INTERNAL OPERATIONS COMMITTEE �� Count v DATE October 22, 1990 �OST9 COUN�GT SUBJECT: APPOINTMENTS TO THE RETIRrMENT BOARD SPECIFIC REOUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION RECONBUMATIONS 1. Reappoint to the Contra Costa County Employees' Retirement Board for three year terms expiring June 30, 1993 the following: R. Robert Koenig 200 Montair Drive Danville, CA 94526 Edward J. Fleming 3408 Rossmoor Parkway Walnut Creek, CA 94595 Gerald T. Cruson 976 Natchez Drive Walnut Creek, CA 94598 2 . Agree to sponsor legislation in 1991 which would adjust the terms of office of the Board' s appointees to the Retirement Board so that the term of office of no more than two of the Board of Supervisors ' appointees to the Retirement Board expire in the same year, and which takes into consideration the year in which the other seats on the Retirement Board expire so that there is as little possibility as possible of a major disruption in the continuity of the Retirement Board by having a disproportionate number of seats on the Retirement Board expire in the same year. In this regard, request the County Administrator to include this proposal in CONTINUED ON ATTACHMENTYt-_S _YES SIGNATURE: RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE APPROVE OTHER SIGNATURE(S): SIMNR WRT(,HT Mc,PF.AK TONT( POW .RS ACTION OF BOARD ON OC`t-nhP r 10, 1990 APPROVED AS RECOMMENDED X OTHER VOTE OF SUPERVISORS I HEREBY CERTIFY THAT THIS IS A TRUE X UNANIMOUS(ABSENT ) AND CORRECT COPY OF AN ACTION TAKEN AYES: NOES: AND ENTERED ON THE MINUTES OF THE BOARD ABSENT: ABSTAIN: OF SUPERVISORS ON THE DATE �SHOWN. CC: Appointees ATTESTED - -�` /tom �JO /990 County Administrator PHIL BATCHELOR,CLERK OF THE BOARD OF Retirement SUPERVISORS AND COUNTY ADMINISTRATOR County- Counsel Treasurer-Tax Collector Auditor-r&ontroller BY DEPUTY M382 (10/88) the Board of Supervisors' 1991 Legislative Program and work closely with the Retirement Administrator to achieve the above objective with as little disruption as possible of existing terms of office. BACKGROUND: On June 19, 1990 the Board of Supervisors approved recommendations from our Committee suggesting a joint meeting with our appointees to the Retirement Board. This meeting took place over lunch on September 25, 1990. We were very impressed and pleased with the dedication and commitment shown by the Board of Supervisors' appointees to the Retirement Board. The agreement which has been adopted by the Retirement Board. for addressing the disposition of its earnings which are beyond the assumptions made by the Retirement Board appears to be fair to the retirees, current employees, the Board of Supervisors and the financial integrity of the retirement system. We believe that the three members of the Retirement Board whose terms expired in June should be reappointed. In addition, we believe that the County should seek legislation in 1991 which would adjust the terms of office of members of the Retirement Board so that we do not face the possibility we did this year that a majority of the members of the Retirement Board could have been replaced in a single year.