Provides oversight of the Defined Contribution (DC) Plan and makes recommendations regarding such matters as: the terms and conditions of the DC Plan; the administration of the DC Plan; the concerns, suggestions and claims of Participants; and the parameters governing investments.  The committee includes the City Auditor and Clerk, who serves as Secretary; the director of the Finance Department, who serves as Treasurer; two individuals appointed by the City Commission (preferably with trust banking or investment management experience) and one individual that is appointed by a majority of the other four committee members (preferably a Participant of the Plan).  Meetings are generally held quarterly.

View Employee Retirement Account Committee Guidelines
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Download the Advisory Board Application Form