APPROVED
GAVILAN JOINT COMMUNITY COLLEGE DISTRICT
Retirement Board
Tuesday, September 30, 2008
Gavilan College, Office of the President
1) | Call Meeting to Order: | |
Superintendent/President Steve Kinsella called the meeting to order at 2:40 p.m. The Retirement Board members, all present, are as follows:
Leonard Washington, Clerk of the Board of Trustees Steve Kinsella, "Designated Member" to the Retiree Health Benefit JPA Joseph Keeler, "Designated Alternate" to the Retiree Health Benefit JPA |
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2) | Comments from the Public: | |
No comments from the public. | ||
3) | Approve Minutes: | |
This is the first Retirement Board meeting. There are no previous minutes to approve. | ||
4) | Review Board action to establish a "Retirement Board" to review the District's investment: | |
The Retirement Board reviewed the attached Board of Trustees action to approve Resolution No 879 to establish the Retirement Board. | ||
5) | Review investment options: | |
Using information from the Retirement Health Benefit JPA titled, "How the Investment Committee Develops its Investment Options", Steve reviewed the eight different investment options available through the JPA. Steve noted that when the District joined the Retirement Health Benefit JPA, the Board of Trustees selected the "balanced" option which is made up of a 50% fixed income and 50% equity blend. | ||
6) | Review investment results and recommendation to Board of Trustees concerning investment allocation method: | |
Review investment results:
Investment Allocation Method Recommendation to Board of Trustees: |
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7) | Adjourned: | Meeting adjourned at 3:25 p.m. |
Please help keep Gavilan College a litter-free campus and preserve its park-like setting.
Thank you.