General Employee's Retirement Committee (GERP -- AKA Retirement Committee)
2nd Thursday of each month at 1:15 p.m.[Meeting Location] | View meeting schedule
Meeting Location is at 215 N. Mason, 2nd Floor Meeting Room 2A,
December 31, 2019 - John Lindsay and Del Bernhardt
December 31, 2020 - John Voss and James Lathrop
December 31, 2021 - Clark Mapes
December 31, 2022 - Ralph Zentz
The General Employee's Retirement Committee's charges are:
- To manage/administer the Retirement Plan for members and retirees,
- To manage accumulated Retirement Fund money,
- To determine the eligibility/credited service of members under Plan rules,
- To interpret the Plan's provisions and
- To coordinate with other City boards and commissions regarding energy issues;
- To authorize payment of retirement benefits and bills for expenses of the Plan and Committee.
The committee sets the policies and procedures for these responsibilities and directs staff personnel and actuarial consulting firm to carry out the functions.
The Committee also:
- Seeks information and advice to benefit the Plan and members,
- Recommends Plan changes to City Council for approval,
- Recommends to City Council enhancements to the Plan's provisions and benefits,
- Educates Committee's and Plan's members,
- Keeps abreast of legislation that could affect the Plan,
- Keeps the members informed of their current/projected benefits,
- Encourages Plan members to accumulate other sources of retirement income and
- Provides minutes of each meeting and files documents as required.
Sound judgment and the ability to understand and evaluate the General Employees Retirement Plan and factors which impact the Plan.
The Committee is composed of a finance staff member and a mix of five (5) active, terminated-vested, or retired members of the plan when one (1) tax-payer elector of the City does not apply.