UNOFFICIAL UNTIL
APPROVED BY CITt' COUNCIL
CITt' OF PASADENA
THE 457 DEFERRED COMPENSATION PLAN TRUSTEES
October 3, 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
Chair Gordo called the meeting of the 457 Deferred Compensation Plan Trustees to order at 5:30 p.m.
Chair Victor M. Gordo
Vice Chair Andy Wilson
Trustee Tyron Hampton
Trustee Justin Jones
Trustee Steve Madison
Trustee Gene Masuda
Trustee Jessica Rivas
Trustee Felicia Williams
Executive Director Miguel Marquez
City Attorney/City Prosecutor Michele Beal Bagneris
Secretary Mark Jomsky
No one appeared for public comment.
APPROVAL OF MINUTES March 14. 2022
JOINT ACTION: AUTHORIZE THE CONTRACT EXTENSION
WITH GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY
TO PROVIDE DEFERRED COMPENSATION PLAN (457(B) AND
401 (A)) INVESTMENT OPTIONS, RECORD KEEPING, AND
EDUCATION SERVICES
Recommendation: It is recommended that the City Council/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 ofCEQAand 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;
(2) Authorize the Deferred Compensation Plan Administrator (Director of Finance) to extend the contract with Great-West Life & Annuity Insurance Company for three additional years, to provide Deferred Compensation Plan investment options, record keeping, and education services to plan participants; and
(3) Exempt the contract from competitive bidding pursuant to City Charter Section 1002(F), contracts for professional or unique services. (Contract No. 20,989-1)
457 Deferred Compensation Plan Trustees110/03/2022
It was moved by Trustee Williams, seconded by Vice Chair Wilson, to approve the above Consent Calendar items, as submitted:
AYES: Trustees Hampton, Jones, Madison, Masuda, Rivas
Williams, Vice Chair Wilson, Chair Gordo
NOES: None
ABSENT: None
ABSTAIN: None
1 On order of the Chair, the meeting of the 457
Compensation Plan Trustees adjourned at 9:26 p.m.
Deferred
ATTEST: Victor M. Gordo, Chair
457 Deferred Compensation Plan Trustees
Secretary
457 Deferred Compensation Plan Trustees 2 10/03/2022