City of Alexandria, Virginia
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MEMORANDUM
DATE: OCTOBER 4, 2017
TO: THE HONORABLE MAYOR AND MEMBERS OF CITY COUNCIL
FROM: MARK B. JINKS, CITY MANAGER /s/
DOCKET TITLE:
TITLE
Consideration of Appointment of the Fire Marshal/Medic Alternate to the City of Alexandria's Supplemental Retirement Board.
BODY
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ISSUE: Appointment of Medic and Fire Marshal Alternate to the Retirement Board ("Board") of the City of Alexandria's Supplemental Retirement Plan ("Plan").
RECOMMENDATION: That City Council appoint the following individuals to the City of Alexandria's Supplemental Retirement Plan Board:
* James Mikell as a Medic/Fire Marshal Alternate Representative;
Assuming City Council appointment, the effective dates of these terms will be October 1, 2017 to December 31, 2020.
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 recommend modifications to the Plan. The Plan requires Board meetings to be held each quarter of the calendar year, but meetings are held more often.
City Council has the authority to appoint Board members. The Board members are either nominated by the City Manager or by the Board. The City Manager nominates four representatives and one alternate to represent City management. The Board nominates two representatives and two alternates to represent General Schedule employees, one representative and one alternate to represent the Deputy Sheriffs, and one representative and o...
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