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Deferred Compensation Advisory Committee
Committee Duties
The Deferred Compensation Advisory Committee comprises seven members serving four year terms. The committee administers the Deferred Compensation Plan, the trust account and is responsible for the operation of the plan in accordance with the terms of the plan. The committee is required to determine all questions arising out of the administration, interpretation and application of the plan and the trust including evaluating and selecting investment options.

The committee has the authority to enter into agreements on behalf of the City for the administration of the plan, for custodial agreements for funds, and for investments under the plan. The committee has broad authority in the administration of the City’s deferred compensation plans. However, that authority must be exercised within the limitations imposed by the plan and within the requirements of the applicable fiduciary standards.

Governance
Review Rules of Order and other governing materials.

Meetings
Regular meetings of the Deferred Compensation Advisory Committee are held quarterly during the calendar year (March, June, September, and December) without official notice at 9:00 a.m. on the third Monday of the month, unless the meeting is publicly posted to begin at a different time. If the scheduled time for a regular meeting should fall on a City holiday, the regular meeting shall take place on the next succeeding business day; provided, that the committee may, at a preceding regular meeting, specify some other time and date. Meetings are held at City Hall on 200 East Santa Clara Street.

Meeting Materials
Review agendas, minutes and audio recordings.

Contact Information
For information about the Deferred Compensation Advisory Committee, please email .