Official Web Site of the City of Phoenix

NOTICE OF PUBLIC MEETING RESULTS

CITY OF PHOENIX
POST EMPLOYMENT HEALTH PLAN BOARD

 

Pursuant 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 February 18November 19, 201009 at 8:30 a.m. located in Room 100, 1^st Floor, PPersonnel Department Building, 135 North 2^nd 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.	Call to Order		Rick Naimark
	2.	Introduction of new Board Chair, Rick Naimark.   This item is for information only.			Rick Naimark
APPROVED			2.	Board Consideration of the Minutes from the January 21, 2010 Meeting.   This item is for discussion and action.		Rick Naimark
	3.	Board Consideration of the Minutes from the October 15, 2009 Meeting.   This item is for discussion and action.			Rick Naimark
	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
	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
	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
	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
APPROVED			3.	Review by R.V. Kuhns & Associates of Fourth Quarter 2009 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 the following recommendations:      ● move American Century Vista Fund IC from monitor        status to the watch list      ●retain Nationwide Fund Class D, American Century Ultra        Fund, and Dreyfus Small Cap Value Fund on the watch list      ●retain Nationwide S&P 500 Index Fund, Nationwide Mid        Cap Market Index Fund, and Nationwide Small Cap Index        on monitor status ● Breakdown of performance of funds in the Plans   This item is for information and action.		Peter Madsen Ryan Cunningham
APPROVED			4.	Board Consideration of Nationwide’s Final Annual Business and Education Plan for Enrollment, Participation, and Education Goals for Calendar Year 2010 for 457/401(a) Plans and Post Employment Health Plan (PEHP) including review of: ● Updates to objectives and strategies as a result of finalization of fourth quarter 2009 statistics ● Most favored client statistics ● Appendix of 2010 Workshop Communication Plan related to        Objectives 1 and 2   Scott Eason of Nationwide Retirement Solutions will participate via teleconference.   This item is for discussion and action.		Yota Aguilar Scott Eason
INFORMATION REVIEWED			59.	Plan Administrator’s review of report on Fourth Quarter 2009 Nationwide Retirement Solutions’ Services related to the City’s PEHP including updates on:   ● Participant Contributions, Claims, and Distributions ● PEHP Assets and Employer Contributions ● Contractual Performance Standards ● Annual Business and Education Plan Goals   This item is for information and possible action.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 DonovanYota Aguilar
	11.	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
			610.	Future Agenda Items.
			711.	Call to the Public.
			812.	Adjournment.

 

For further information, please call Kathy Schelbrock, Senior Human Resources Personnel Analyst, Human Resources 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.

 

 

 

 

 

 

 

 

 

 

February 918, 2010November 13, 2009