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Board of Trustees to the Retiree Health Care Trust
Established by City Council pursuant to Chapter 82 of the Code of Ordinances, to establish a Retiree Health Benefit Plan and Trust. The general administration, management and responsibility for the proper operation of the Trust and for making effective and construing the provisions of the Trust shall be vested in the Board of Trustees established by Section 82-174, Board of Trustees, consistent with applicable state and federal laws and regulations. A Trustee or other fiduciary under the Trust shall discharge his or her duties with respect to the Trust solely in the interest of the Participants for the exclusive purpose of providing benefits to Participants and paying reasonable expenses of administering the Plan and Trust. A Trustee shall discharge his or her duties with the care, skill, and caution under the circumstances then prevailing, which a prudent person, acting in a like capacity and familiar with those matters, would use in the conduct of an activity of like character and purpose.
The Board of Trustees shall consist of the City Treasurer and City Finance Director, and shall also include one City Councilmember and two City residents who shall be appointed by City Council.
Each Trustee shall be a fiduciary and have fiduciary responsibilities under applicable law and shall act prudently and in the best interests of the Trust. Each Trustee will receive and hold the Trust as Trustees by virtue of the terms, conditions and provisions of the Trust and for the purposes, uses and trusts and with the powers and duties herein set forth.
City Treasurer, City Finance Director
One Council Representative Appointed
Two City Residents Appointed by City Council
Meeting Notice: Tuesday, May 25, 2010 - 5:00 p.m.
Board meets on an "as needed" basis.
No meetings are currently scheduled.
City Residents:
Don Cline, Jr. and Kenneth Wissbrun
Council Representative:
Greg Hooper
Term expires 12/6/2010
Administrative Staff Members:
Kurt Dawson, City Treasurer
Keith Sawdon, City Finance Director
CONTACT INFORMATION
Please call Keith Sawdon at (248) 841-2535 or email.
If you are interested in serving on this Board, please complete a Candidate Questionnaire and return it to the Clerk's Department at 1000 Rochester Hills Drive, Rochester Hills, MI 48309. Applicants should list pertinent qualifications on their Candidate Questionnaire.
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