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Pension Trust Election for Trustee
The Pension Trust issued the following Notice of the upcoming election to fill a Trustee seat. The election will be held June 16, 2020. Any employee enrolled in the Pension Trust Retirement plan may be elected to the seat. To proceed, please follow the instructions in the Notice as per the County Clerk-Recorder.
The Pension Trust Board of Trustees - What do they do?
The Board of Trustees administers the Retirement Plan and governs the investment of the Plan's assets. The Board is composed of seven members: Three Trustees who are elected by the Active members; three Trustees appointed by the Board of Supervisors; and the Ex-Officio Trustee who is the County Treasurer – Tax Collector.
The Board of Trustees is responsible for the overall operation of the Trust. The Board directs the activities of the Pension Trust staff, establishes the Trust Investment Policy and sets all other policies related to the operation and funding of the Trust. The Trustees do not determine what benefits are contained in the Retirement Plan.
The Board of Trustees meets monthly on the fourth Monday (normally, may be posted for the 3rd Monday in specific months) of the month at 9:30 am in the Board of Supervisors Chambers, located at 1055 Monterey Street.