Page 6 - MayDefComp
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• Summary of Asset Classes NFP had made
arrangements with for options
• List of California Public Sector Agencies using CITS.
• MassMutual Capability to support to CITs
The Committee approved the education for August.
9. Identify 2019 NAGDCA Participants Paul asked Committee and staff members to identify
their desire to attend the 2019 NAGDCA conference. A
number of Committee and staff members expressed
their desire to attend and agreed to notify Jay of their
interest. This item will again be discussed in May at the
meeting to confirm attendees.
10. Review and Accept Plan Changes Permitting The Committee discussed the ability of PST members in
401(a) Rollovers the 401(a) plan to roll money over to the 457 Plan.
MassMutual indicated that this allowance might result in
members electing to keep the 401(a) funds (which would
receive a 10% penalty and treatment as ordinary
income) but all agreed that it was beneficial for members
to consolidate their assets by such a move. This change
would require a plan amendment which the Committee
unanimously approved.
11. Review and Accept Status of Implementing Jay summarized the actions the County was considering
Auto-Enroll and Auto Escalate on auto-escalation and the Committee agreed to discuss
this further in its May meeting.
12. / 13 EBC Information and RHRA Investment Bill summarized his review of EBC investment options
Options and their correlation to 457 investment choices. He
indicated he still had further work to do to assure that
these investment options on the Retiree Health
Reimbursement Account (RHRA) would be the same as
or as similar as possible to the 457 options. The
Committee agreed to discuss this further in May.
14. News and Views Bill continued to review the News and Views discussing
the fire options for Northern California residents
impacted by the fires and the recent legislative activities
being considered in Washington.
15. 2019 Committee Dates Paul confirmed the next dates for Committee meetings
as, May 16, August 15 and November 7
The Committee adjourned at 11:58.
