Share to Facebook Share to Twitter Bookmark and Share
File #: 14-3506    Name:
Type: Status: Agenda Ready
File created: 12/5/2014 In control: City Council Legislative Meeting
On agenda: 1/13/2015 Final action:
Title: Consideration of Appointment of Representatives and Alternates to the City of Alexandria's Supplemental Retirement Board.
City of Alexandria, Virginia
________________

MEMORANDUM



DATE: JANUARY 7, 2015

TO: THE HONORABLE MAYOR AND MEMBERS OF CITY COUNCIL

FROM: MARK B. JINKS, ACTING CITY MANAGER /s/

DOCKET TITLE:
TITLE
Consideration of Appointment of Representatives and Alternates to the City of Alexandria's Supplemental Retirement Board.
BODY

ISSUE: Appointment of General Schedule and Deputy Sheriff Representatives and Alternates to the Retirement Board ("Board") of the City of Alexandria's Supplemental Retirement Plan ("Plan").

RECOMMENDATIONS: That City Council appoint the following individuals to the City of Alexandria's Supplemental Retirement Plan Board:

* Shane Cochran as a General Schedule Representative;
* Lillian Vagnoni as a General Schedule Alternate;
* Robert Gilmore as a Deputy Sheriff Representative; and
* Valarie Wright as a Deputy Sheriff Alternate.

Assuming City Council appointment, the effective dates of these terms will be January 14, 2015 to December 31, 2018.

DISCUSSION: In accordance with Plan rules, the Board held elections for four expiring terms at the December 3, 2014 meeting. The Board voted to re-appoint individuals to three of the four seats (Cochran, Gilmore, and Wright). The fourth seat, a General Schedule Alternate, was previously held by Bill Eger, who chose not to run for re-election. The Board elected Lillian Vagnoni to take over that seat for the upcoming term.

BACKGROUND: The Board was created on December 11, 2012 and includes General Schedule, Deputy Sheriff and Fire Marshal/Medic employees. The Board is comprised of eight members and five alternates who serve as the trustees of the Plan's trust and fiduciaries of the Plan and its assets. The Board acts for the City on matters concerning the Plan's assets, including selecting and monitoring investment funds and appointing investment managers, custodians, and advisors. The Board is also charged with consulting with City management to recomm...

Click here for full text