CITY OF PASADENA
NOTICE OF SPECIAL MEETING
OF THE 457 DEFERRED COMPENSATION PLAN TRUSTEES
OCTOBER 27, 2025
PUBLIC MEETING: 6:00 P.M.
PASADENA CITY HALL, COUNCIL CHAMBER
100 NORTH GARFIELD AVENUE, ROOM S249
Teleconference Locations:
JW Marriott Dongdaemun Square Seoul Delta Hotels Toronto 279, Cheonggyecheon-ro, Jongno-gu 75 Lower Simone Street Seoul, South Korea, 03198 Toronto, Ontario Canada, M5J3A6 Business Center Business Center, Conf. Room A106
NOTE TO PUBLIC: PUBLIC COMMENT IS LIMITED TO ITEMS ON THIS SPECIAL
MEETING AGENDA
NOTICE IS HEREBY GIVEN that a special meeting of the 457 Deferred Compensation Plan Trustee will be held on Monday, October 27 2025, at 6:00 p.m., to discuss the following:
1. CALL TO ORDER
2. APPROVAL OF MINUTES – October 3, 2022
3. JOINT ACTION: AUTHORIZE THE DEFERRED COMPENSATION PLAN
ADMINISTRATOR TO ENTER INTO A CONTRACT FOR UP TO TEN YEARS
WITH EMPOWER ANNUITY INSURANCE COMPANY OF AMERICA TO
PROVIDE PLAN ADMINISTRATION, INVESTMENT OPTIONS, RECORD KEEPING, AND PARTICIPANT EDUCATION SERVICES FOR THE CITY’S DEFERRED COMPENSATION (457(B) AND 401(A)) PLANS (Finance Dept.) Recommendation: It is recommended that the City Council/Deferred Compensation Plan Trustees:
(1) Find that the proposed action in the agenda report is exempt from the California Environmental Quality Act (CEQA) pursuant to CEQA guidelines Section 15061(b)(3) “Common Sense” exemption; and
(2) Authorize the Deferred Compensation Plan Administrator (Director of Finance) to enter into a contract, as a result of a competitive selection process, as specified in Section 4.08.047 of the Pasadena Municipal Code, with Empower Annuity Insurance Company of America, for a period of five years with one five- year optional extension period, to provide plan administration, investment options, record keeping, and participant education services for the City’s Deferred Compensation (IRC §457(b)) and Defined Contribution (IRC §401(a)) plans.
Competitive bidding is not required pursuant to City Charter Section 1002(F), contracts for professional or unique services.
4. ADJOURNMENT
_____________________________________
Victor M. Gordo, Chair
457 Deferred Compensation Plan Trustees
I HEREBY CERTIFY that this notice, in its entirety, was posted on the Internet at www.cityofpasadena.net/councilagendas and on the Council Chamber Bulletin Board, Room S249 and the Bulletin Board in the rotunda area, City Hall, 100 North Garfield Avenue, and a copy was distributed to the Hastings Ranch Branch Library for posting this 23rd day of October , 2025, at 5:30 p.m., and that copies hereof were faxed, emailed or delivered to each member of the City Council and to each local newspaper of general circulation, radio or television station requesting notice in writing, all of which recipients are identified on the distribution list set forth herein below.
____________________
Mark Jomsky, CMC
City Clerk
CITY COUNCIL
Victor M. Gordo, Mayor
Jessica Rivas, Vice Mayor, District 5
Tyron Hampton, District 1
Rick Cole, District 2
Justin Jones, District 3
Gene Masuda, District 4
Steve Madison, District 6
Jason Lyon, District 7
STAFF
Miguel Márquez, City Manager
Michele Beal Bagneris, City Attorney
Mark Jomsky, City Clerk
MISSION STATEMENT
The City of Pasadena is dedicated to delivering exemplary municipal services, responsive to our entire community and consistent
with our history, culture, and unique character.
In compliance with the Americans with Disabilities Act, Assistive Listening Devices are available at all City Council Meetings. Assistive Listening headphones and neckloops can be checked out at the desk of the Sergeant-at-Arms, located inside the City Council Chambers. To request meeting materials in alternative formats or other disability-related modifications or accommodations necessary to facilitate meeting participation, please contact the City Clerk’s Office as soon as possible at (626) 744- 4124 or [email protected]. Providing at least 72 hours advance notice will help ensure availability.
Language translation services are available for this meeting by calling (626)744-4124 at least 24 hours in advance.
Habrá servicio de interpretación disponible para éstas juntas llamando al (626)744-4124 por lo menos con 24 horas de anticipación.
Meetings are broadcast live on cable Channel 3 and on the Internet at https://www.cityofpasadena.net/city-manager/pasadena-media/ (Click on “Watch Now”)
Items on the agenda may not be called in order listed. Agendas and supporting documents are available on the Internet at http://ww2.cityofpasadena.net/councilagendas/council_agenda.asp
Materials related to an item on this Agenda submitted to the City Council/Successor Agency to the Pasadena Community Development Commission after distribution of the agenda packet are available for public inspection in the City Clerk’s Office at 100 N. Garfield Avenue, Room S-228, Pasadena, during normal business hours.
DISTRIBUTION:
City Council Los Angeles Times
City Manager Colorado Boulevard.net
City Attorney Pasadena Now
Public Information Officer Pasadena Star News
Central Library Pasadena Weekly
Pasadena Independent La Opinion