City of Alexandria, Virginia
________________
MEMORANDUM
DATE: MARCH 14, 2018
TO: THE HONORABLE MAYOR AND MEMBERS OF CITY COUNCIL
FROM: MARK B. JINKS, CITY MANAGER /s/
DOCKET TITLE:
TITLE
Consideration of Appointment of a General Schedule Representative to the City of Alexandria's Supplemental Retirement Board.
BODY
ISSUE: Appointment of a General Schedule Representative to the Retirement Board ("Board") of the City of Alexandria's Supplemental Retirement Plan ("Plan").
RECOMMENDATIONS: That City Council appoint the following individual to the City of Alexandria's Supplemental Retirement Plan Board:
* Lynda Barbieri-Strain as a General Schedule Representative;
Assuming City Council appointment, the effective dates of this term will be April 1, 2018 to December 31, 2018.
DISCUSSION: In accordance with Plan rules, the Board held elections for one vacant position at the March 8, 2018 and the Board voted to appoint Ms. Barbieri-Strain as a General Schedule Representative in a contested election. This General Schedule representative position is to fill the remaining term of a position previously held by Shane Cochran who has recently retired from the City of Alexandria.
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 b...
Click here for full text