HomeMy WebLinkAboutMINUTES - 06161992 - IO.7 I.O.-7
TO: BOARD OF SUPERVISORS
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FROM: INTERNAL OPERATIONS COMMITTEE
: . Costa
. , z.- County
DATE: June 8, 1992
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SUBJECT: PROCESS TO BE FOLLOWED IN SOLICITING APPLICATIONS FOR THE
VACANCY ON THE CONTRA COSTA COUNTY EMPLOYEES ' RETIREMENT
ASSOCIATION BOARD OF DIRECTORS
SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS :
1 . Request the County Administrator' s office to advertize
publicly for individuals who are interested in serving on the
Retirement Board. Applicants should have some background in
fields such as investment banking, brokerage services or
similar fields where the individual has dealt with the
investment of pension funds and is familiar with the fiduciary
responsibility. of the Board members to protect the interests
of the retirees and employees who- will eventually retire in
order to insure that their right to ` a pension will be
protected and to do so by insuring that the pension fund earns
the maximum return consistent with a prudent investment
philosophy and the individual ' s fiduciary responsibility. All
applications should be received by the County .Administrator' s
office by July 31, 1992 .
2 . Encourage members of the Board of Supervisors to contact
individuals they believe would make sound members of the
Retirement Board and° encourage .them to apply for this vacancy
by July 31, 1992 .-
. 3 . Request the County Administrator to contact individuals who
have previously applied for the Retirement Board to determine
their . interest in being considered for this vacancy.
4 . Request the County Administrator to return to the Internal
Operations Committee with all applications for the Retirement-
Board once recruitment has been completed so that our
Committee can determine what process should then be followed
to screen down and interview the applicants .
CONTINUED ON ATTACHMENT: X YES SIGNATURE:
RECOMMENDATION OF COUN Y AD TRATOR RECOMMENDATION OF BOARD COMMITTEE
APPROVE T
SIGNATURE(S):
ACTION OF BOARD ON -- Tune 16, APPROVED AS RECOMMENDED L4 OTHER
VOTE OF SUPERVISORS
1 HEREBY CERTIFY THAT THIS IS A TRUE
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: Please see Page 2 ATTESTED
PHIL BATLOR,CLERK OF THE BOARD OF
SUPERVIS RS AND COUNTY ADMINISTRATOR
M382 (10/88) BY DEPUTY
I.O.-7
-2-
BACKGROUND:
On May 19 , 1992, the Board of Supervisors acknowledged the recent
death of Donald A. Boltz, one of its four appointees to the
Retirement Board and directed the Clerk to apply the Board's policy
to filling the vacancy. Our Committee believes that we should
advertize broadly for the most qualified and interested candidates .
We anticipate receiving all applications, doing a paper screening
of the applications in order to identify the 10 or 12 most
qualified candidates and then interviewing those finalists in order
to identify the one individual we would recommend that the Board
appoint to this most vital position.
cc: County Administrator
Members, Board of Supervisors
Retirement Administrator
County Counsel
Auditor-Controller
Treasurer-Tax Collector