Agenda

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D.5

To:	Board of Supervisors
From:	David Twa, County Administrator
Date:	February 10, 2015

Contra

Costa

County

Subject:

AMENDMENTS TO CCC EMPLOYEES' RETIREMENT ASSOCIATION BOARD OF RETIREMENT REGULATIONS

APPROVE	OTHER
RECOMMENDATION OF CNTY ADMINISTRATOR	RECOMMENDATION OF BOARD COMMITTEE

Action of Board On: 02/10/2015

APPROVED AS RECOMMENDED

OTHER

Clerks Notes:

VOTE OF SUPERVISORS

AYE:

John Gioia, District I Supervisor
Candace Andersen, District II Supervisor
Mary N. Piepho, District III Supervisor
Karen Mitchoff, District IV Supervisor
Federal D. Glover, District V Supervisor

Contact:	Lisa Driscoll, County Finance Director, 925-335-1023
cc:	Robert Campbell, Auditor-Controller Gail Strohl, Chief Executive Officer/CCCERA Christina Dunn, Admin/HR Manager

I hereby certify that this is a true and correct copy of an action taken and entered on the minutes of the Board of Supervisors on the date shown.
ATTESTED: February 10, 2015
David Twa,

BY:	, Deputy

RECOMMENDATION(S):

APPROVE amendments to the Contra Costa County Employees' Retirement Association (CCCERA) Board of Retirement Regulations effective February 10, 2015, as amended by the CCCERA Board, pursuant to Government Code section 31525.

FISCAL IMPACT:

Administrative changes with no fiscal impact to the County.

BACKGROUND:

Periodically, the Retirement Board amends its regulations to implement changes required to comply with changes in rules or regulations of the Internal Revenue Service or other applicable law. These amendments do not take effect until they have been approved by the Board of Supervisors. (Gov. Code, §31525.) The amendments to the Regulations are as follows:

BACKGROUND: (CONT'D)

Add to Section II - Meetings, a new section entitled Committees of the Board:

8. Committees of the Board
The Chairperson shall appoint committees as deemed necessary to carry out the business of the Board. A quorum for a Committee meeting shall consist of three Board Members. Committee meeting will be open to the public, except for meetings of ad-hoc advisory committees consisting of less than a quorum of the full Board. A Chairperson and Vice-Chairperson for each Committee will be appointed by the Board of Retirement Chairperson.

Throughout the regulations "Chairman" and "Chair" are changed to "Chairperson" and "Vice-Chairman" to "Vice-Chairperson".

The amendments were approved by the Board of Retirement on January 28, 2015. A complete copy of the revised regulations is attached along with a red-line version of the Regulations to show the amendments.

CONSEQUENCE OF NEGATIVE ACTION:

Changes are required per Government Code Section 31525. Delay in adoption will require delay in implementation.