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Deferred Compensation Committee

COMMITTEE PURPOSE

  • Creation of an appropriate mechanism for administration of money and other assets resulting from compensation deferred under the Plan; administer the Plan for participating employees, retirees and beneficiaries, including necessary research, request for proposals and follow up on possible providers.  Contracting with a private person, corporation, institution or other entity directly or through a state agency, for services necessary to the administration of the Plan including, without limitation, consolidated billing, the keeping of records for each participating employee in the Plan, the purchase, lease and safeguarding of assets, programs for communication and education of employees, administration of the Plan.  Obtain advice of qualified counsel when appropriate, establish objectives and policies relating to investments, discharge its duties regarding each decision made in administering the Plan, solely in the interests of the Plan.  Make decisions using the following standard:  under the circumstances existing at the time of the decision, the decision a prudent person who is familiar with similar investments while acting in a similar capacity in conducting an enterprise of similar character and purpose.  Not less than every 12 months, the committee shall consider the advisability of soliciting proposals from qualified providers.

COMMITTEE COMPOSITION

  • The Auditor-Controller or designee; Treasurer-Tax Collector or designee; County Executive Officer or designee; One representative of the miscellaneous employees associations; One representative of the Deputy Sheriff's Association; One representative of a Placer County retired employee.  Election of a new or re-election of the Chair shall occur as the first item of business at the first quarterly meeting of the committee in the calendar year, elected by majority vote of current members.  The Chair shall serve a two-year term and be eligible for re-election.  When a vacancy on the Committee exists for the retired employees member, nominations for a replacement and alternate shall be submitted by the Committee to the BOS for appointment, serving a two year term.  The employee association representative shall be designated by the respective employee association.  Resignation must be received in writing by the Chair.  All representative members may be removed with good cause by a 3/4 vote of the remaining committee members.

COMMITTEE MEETINGS -  meeting calendar    

  • Quarterly.  The dates, time and place to be determined by the Chair. Special meetings may be called at any time by the Chair or the CEO.  Notice and Agenda posting shall comply with the Brown Act, CA Gov't Code Sec. 54950 et seq.  A quorum of at least four Committee members must be present.  If the Chair is absent, the CEO shall Chair, if both are absent, the order shall be Treasurer-Tax Collector, Auditor Controller, Human Resources Director shall Chair in that order.  The Chair shall designate a staff person to act as Secretary who shall be responsible for keeping records of actions, taking of minutes, meeting announcements, posting agendas, distributing copies and assuring appropriate records are maintained.

COMPENSATION

  • Members shall receive no compensation for their services; however, any member traveling on official business for the Committee shall be reimbursed for his actual and necessary traveling expense.

COMMITTEE MEMBERS

  • Seat 1 - Represents Auditor-Controller
    • Andy Sisk
      Auditor-Controller
      2970 Richardson Avenue
      Auburn, CA 95603
      Work: 530-889-4152
      Term length: Pleasure of the Board
  • Seat 2 - Represents Treasurer/Tax Collector
    • Jeanie Windeshausen
      Treasurer/Tax Collector
      2976 Richardson Avenue
      Auburn, CA 95603
      Work: 530-889-4140
      Term length: Pleasure of the Board
  • Seat 3 - Represents CEO
    • Andy Heath
      175 Fulweiler Avenue
      Auburn, CA 95603
      Work: 530-889-4034
      Term length: Pleasure of the Board
  • Seat 4 - Represents Human Resources
    • Lori Walsh
      Human Resources Director
      145 Fulweiler Avenue
      Auburn, CA 95603
      Work: 530-889-4060
      Term length: Pleasure of the Board
  • Seat 5 - Represents PPEO
    • Matthew Bartholomew
      3091 County Center Dr
      Auburn, CA 95603
      Term length: Pleasure of the PPEO
      Appointed By: PPEO
  • Seat 6 - Represents DSA
    • Noah Frederito
      2929 Richardson Drive
      Auburn, CA 95603
      Work: 530-745-8500
      Term length: Pleasure of the DSA
      Appointed By: DSA
  • Seat 7 - Represents Placer County Retirees
    • Paul Jacobson
      Represents: PC Retirees
      Status: Active
      Term length: 2-years
      Appointed By: Committee
      Expires: 5/20/2016

COMMITTEE MEMBER PORTAL

Agendas and Minutes

 


2016 Agendas and Summary Actions

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