UNOFFICIAL UNTIL
APPROVED BY CITY COUNCIL
CITY OF PASADENA
THE 457 DEFERRED COMPENSATION PLAN I KU~ 1 t:t:.~
January 10, 2022-4:30 P.M.
City Hall Council Chamber
The meeting was convened and held virtually by videoconference/teleconference OPENING:
ROLL CALL:
Trustees:
Staff:
PUBLIC COMMENT
CONSENT CALENDAR
APPROVAL OF MINUTES
Chair Gordo called the meeting of the 457 Deferred Compensation Plan Trustees to order at 4:33 p.m.
Chair Victor M. Gordo
Vice Chair Andy Wilson
Trustee Tyron Hampton
Trustee John J. Kennedy
Trustee Steve Madison
Trustee Gene Masuda
Trustee Jessica Rivas
Trustee Felicia Williams
Interim Executive Director Cynthia Kurtz
City Attorney/City Prosecutor Michele Beal Bagneris
Secretary Mark Jomsky
No one appeared for public comment.
April 4, 2016
APPROVAL TO AMEND THE CITY'S 457(8) DEFERRED
COMPENSATION PLAN TO ALLOW FOR IN-PLAN ROTH
CONVERSIONS
Recommendation: It is recommended that the 457 Deferred Compensation Plan Trustees:
(1) Find that the proposed action is not a project subject to the California Environmental Quality Act (CEQA) pursuant to Section 21065 of CEQA and Sections 15060(c)(2), 15060(c)(3), and 15378 of the State CEQA Guidelines and, as such, no environmental document pursuant to CEQA is required for the project; and (2) Authorize the Finance Director/Plan Administrator to sign the necessary election form documents with Empower Retirement to allow In-Plan Roth Conversions in the City's 457(b) Deferred Compensation Plan.
It was moved by Trustee Kennedy, seconded by Trustee Masuda, to approve the above Consent Calendar items, as submitted :
AYES:
NOES:
ABSENT:
ABSTAIN:
Trustees Hampton, Kennedy, Madison, Masuda, Rivas,
Williams, Vice Chair Wilson, Chair Gordo
None
None
None
457 Deferred Compensation Plan Trustees 1 01/10/2022
ATTEST:
Secretary
On order of the Chair, the meeting of the 457 Deferred
Compensation Plan Trustees adjourned at 9:42 p.m.
Victor M. Gordo, Chair
457 Deferred Compensation Plan Trustees
457 Deferred Compensation Plan Trustees 2 01/10/2022