Last Modified on 11/20/2009 08:42:54NOTICE OF
PUBLIC MEETINGRESULTSCITY OF PHOENIX
POST EMPLOYMENT HEALTH PLAN BOARDPursuant to A.R.S. Section 38-431.02, notice is hereby given to the members of the POST EMPLOYMENT HEALTH PLAN bOARD and to the general public, that the POST EMPLOYMENT HEALTH PLAN bOARD
will holdheld a meeting open to the public on November 19, 2009 at 8:30 a.m. located in Room 100, 1st Floor, Personnel Department Building, 135 North 2nd Avenue, Phoenix, Arizona.
One or more members of the Post Employment Health Plan Board may participate via teleconference.
The agenda for the meeting is as follows:The results of the meeting were as follows:
RESULTS
1.
Rick Naimark
2.
Introduction of new Board Chair, Rick Naimark.
This item is for information only.
Rick Naimark
Approved
3.
Board Consideration of the Minutes from the October 15, 2009 Meeting.
This item is for discussion and action.
Rick Naimark
Information reviewed
4.
Board Attorney review of process related to requests for changes in funding options for the PEHP portfolio.
This item is for information only.
Heidi Gilbert
5.
The Board may vote to hold an executive session pursuant to A.R.S. § 38-431.03(A)(3) for the purpose of obtaining legal advice from the Board's attorney regarding Items 6 and 7 on the agenda. If authorized by a majority of the members present, the executive session will be held immediately after the vote and will not be open to the public. In open session, the Board will vote on the action to take in each of those matters.
Rick Naimark
Approved
6.
Board Investment Selection Subcommittee's Recommendation that the PEHP Board request that the City's Employer Representative(s) on the PEHP Advisory Committee recommend to Nationwide that a request be submitted to the PEHP Advisory Committee to replace the American Century Ultra Large Cap Growth Fund investment option in the PEHP portfolio with American Funds Growth Fund of America.
This item is for discussion and action.
Joe Clure
Peter Madsen
Approved
7.
Board Investment Selection Subcommittee's Recommendation that the PEHP Board request that the City's Employer Representative(s) on the PEHP Advisory Committee recommend to Nationwide that a request be submitted to the PEHP Advisory Committee to replace the Dreyfus Small Cap Value Fund investment option in the PEHP portfolio with the CRM Small Cap Value Fund.
This item is for discussion and action.
Joe Clure
Peter Madsen
Information reviewed
8.
Review by R.V. Kuhns & Associates of Quarterly Performance Report for investment options in the City’s Post Employment Health Plan (PEHP) including:
● Executive Summary of the Plans’ contributions and distributions
● Fund Manager Updates including purchase by Invesco of Morgan Stanley asset management business, which includes Van Kampen Growth & Income Fund Class A, an investment option in the PEHP portfolio
● Breakdown of performance of funds in the Plans
This item is for information and possible action.
Peter Madsen
Information reviewed
9.
Plan Administrator’s Quarterly Report on Nationwide Retirement Solutions’ Services related to the City’s PEHP including status updates on:
● Annual Business and Education Plan Goals
● Contractual Performance Standards
● Statistics Regarding Participant Contributions, Claims, and Distributions
● Quarterly Revenue Reconciliation, Summary of Post Employment Health Plan (PEHP) Assets
This item is for information and possible action.
Kathleen Donovan
Information reviewed
10
1.Staff’s Report on General Plan Administration Issues including:
● Updated Board Member List for Board Members’ Manuals
This item is for information only.
Kathy Schelbrock
11
0.Future Agenda Items.
12
1.Call to the Public.
13
2.Adjournment.
For further information, please call Kathy Schelbrock, Personnel Analyst II, Personnel Department , Benefits Office at 602-256-3282.
For reasonable accommodations, call Jenelle Hancock at Voice/602-534-3910 or TTY/602-261-8687 as early as possible to coordinate needed arrangements.
November 17
3, 2009 OML