HomeMy WebLinkAbout2000 Deferred Compensation Committee Minutes MINUTES OF THE
CITY OF LANSING
DEFERRED COMPENSATION COMMITTEE
Regular Meeting
8th Floor Conference Room January 13, 2000
City Hall Thursday, 9.30 a.m,
Lansing, MI 48933
Present: Hilton, Rubley Wiener, Wilson — 4
Absent: Bommarito, Hilton, Swanson — 3
Others: Alan Sonnanstine; Gabriel, Roeder, Smith & Company
It was moved by Mr. Hilton and supported by Mr. Wiener to accept the minutes of D
as amended. Agreed upon unanimously. ecember 9, 1999
Mr. Rubley gave the Administration Committee Report commenting that the maximum
of participation is still $8,000.00 per year and also that a hardship case for al withdr w
reviewed by the committee which will probably recommend approval. Mr. Ruble also withdrawal is being
that we now have an agreement for a automated system to transfer the funds toAetna.stated
It was suggested to the Investment Committee that in the future we document why we
or change certain funds and whether T. Rowe Price was involved with the decision. keep
Mr. Wiener gave a update from the Education Committee stating that a
from Aetna explaining a new pricing structure and also a second letter welter will be coming
employees explaining about generic benefits and privacy issues. 1 be coming to all
IIt was moved by Mr. Wiener and seconde
d by Mr. Hilton to excuse Ms. Bommarito, Mr. McComb,
and Mr. Swanson. Agreed upon unanimously.
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MINUTES OF THE
CITY-OF LANSING
DEFERRED COMPENSATION COMMITTEE
Regular Meeting May 11, 2000
8th Floor Conference Room Thursday, 9:30 a.m.
City Hall
Lansing, MI 48933
Present: Hilton, Rubley, Swanson, Wiener, Wilson - 5
Absent: Bommarito, Hartwig - 2
Others: Gary Gustafson, Allen VanGorder, Jack Jordan
It was moved by Mr. Rubley and supported by Mr. Hilton to accept the minutes of April 13, 2000.
Agreed upon unanimously.
Mr. Wilson gave the Administration Committee Report. Election procedures concerning absentee
ballots was discussed and was still referred to committee for action next month. The new T. Rowe
Price summary form has been revised to not show the beneficiary which was approved by the
Administrative Sub Committee. The Sub Committee was also instructed to draft a policy
concerning Tri-County's Request to piggy-back with our Deferred Compensation Program.
There was no Investment Committee Report.
The Education Committee reminded the Committee of the upcoming Retirement Seminar
to be held on 9-12-00 at Potter Park.
It was moved by Mr. Hilton and seconded by Mr. Rubley to excuse Ms. Bommarito and Mr.
Hartwig.
Agreed upon unanimously.
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