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COUNTY OF SAN MATEO
DEFERRED COMPENSATION ADVISORY COMMITTEE Minutes from May 26, 2022

County Staff

12. 2022-23 Budget
A. Review and Approve Fund Balance and Reserve Policies (Jay Castellano)
B. Review and Approve 2022-23 Budget (Jay Castellano)

A motion was made to approve both policies and the 2022-23 budget.

M/S/C Perry/Raw/6-0 (Absent: Finnegan and Wentworth) Motion approved by roll call
vote.

13. Approval of 2022 NAGDCA Conference Attendees (Jay Castellano)

A motion was made to approve NAGDCA Conference expenses for the following DCAC
members and staff:
• Lisa Okada
• Rob Raw
• Kim Pearson
• Jay Castellano

M/S/C Perry/Love/6-0 (Absent: Finnegan and Wentworth) Motion approved by roll call
vote.

14. Approval to Review Investments on Behalf of AFSCME’s New Retiree Health
Reimbursement Account (Jay Castellano)

A motion was made to approve the use of the DCAC’s investments reviews by the new
AFSCME retiree health reimbursement plan.

M/S/C Perry/Raw/6-0 (Absent: Finnegan and Wentworth) Motion approved by roll call
vote.

15. Legislative Updates (Gordon Tewell and Bob Gleason)

The DCAC accepted this update.

INFORMATIONAL ITEMS

Empower
16. NAGDCA Leadership Award Nominations (Armando Llanes)
17. 2021 Annual Letter from Empower (Bob Gleason)
18. Fund Change Communications (Bob Gleason)

Innovest
19. INNOVIEWS, Spring 2022 (Wendy Dominguez)

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