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457 DEFERRED COMPENSATION BOARD

Description

457 Deferred Compensation Board shall serve to oversee the Plan and make such discretionary decisions as may be required for the administration of the Plan. The Board's duties will include a quarterly review of performance of Service Providers and their offerings, and receiving and considering any comments or suggestions concerning the Plan which are presented by Plan Participants. The Board is also permitted by the Plan to adopt Plan Amendments which are deemed by counsel to be legally required or other amendments which do not substantially increase costs, contributions or benefits and do not materially affect the eligibility, vesting or benefit accrual or allocation provisions of the Plan.

The Board will consist of five members: 1) the Director of Human Resources or his/her designee by title, 2) the Director of Finance or his/her designee by title, 3) a general government employee who is a Plan Participant to be selected by the City Manager, 4) a Public Safety employee who is a Plan Participant to be selected by the Mayor in his/her capacity as the Director of Public Safety, and 5) a volunteer from the business community with expertise in the administration of deferred compensation plans nominated and confirmed by Council. The first two positions will be ex-officio voting members with no term limit. The persons appointed to fill positions 3,4, and 5 will be appointed for terms of three year terms and may succeed themselves for one additional term.

Vacancies
  • 0 Current Vacancies
  • 0 Terms Expired
Size 5 Members
Term Length 3 Year
Term Limit 2 terms
  • Steven D Hord
    1st Term
    Jun 01, 2022 to May 31, 2025
    Appointing Authority
    Mayor
    Position
    Public Safety Employee
    Senatorial District
    n/a
  • Drale Short
    1st Term
    Jun 01, 2022 to May 31, 2025
    Appointing Authority
    City Manager
    Position
    General Government Employee
  • Rhonda T Davis
    1st Term
    Jun 01, 2022 to May 31, 2025
    Appointing Authority
    Council
    Position
    Plan Expert/Volunteer
    Senatorial District
    SD-29
  • Angelica Alexander
    No Term
    N/A N/A
    Position
    Finance Director
    Senatorial District
    n/a
  • Reather Hollowell
    No Term
    N/A N/A
    Position
    Human Resources Director
    Senatorial District
    n/a