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General Employees Money Purchase Plan
Money Purchase Plan for General Employees
The purpose of this plan and trust is to provide funds for retirement for regular, full-time employees who meet eligibility requirements and to provide funds for their beneficiaries in the event of death.

The benefits provided by this plan will be paid from a trust established by the employer and will be in addition to the benefits employees are entitled to receive under any other programs of the employer and from the Federal Social Security Act.
 
Current Mutual Fund Line-Up click here

Quarterly Mutual Fund Performance click here

Investment Advice

Kristi Sullivan, Certified Financial Planner with Strategies LLC is available to employees enrolled in this plan for investment advice. Kristi is typically on-site once a month for thirty-minute appointments or can be contacted on a individual basis, please see her information below:

Kristi Sullivan

1-800-276-8952

View the Partnership announcement with Strategies by clicking here.

Website Access

The plan is currently administered by Great West. The General Employee Money Purchase Plan number is 95265-01. Click here for instructions on how to access your Great West account online to:
    - View your account balance
    - Update or change your beneficiary information
    - Change your investment elections
    - Change your deferral percentage   

Strategies LLC Monthly Participation Tips:

        July 2014
        June 2014
        May 2014
        April 2014
        March 2014
        February 2014
        January 2014
        December 2013
        November 2013
        October 2013
        September 2013
        August 2013

Strategies LLC Presentations:

        
Behavioral Finance
        Budgeting and FICO Scores
        How to Find and Pay for a Financial Advisor
        General Money Purchase Plan New Fund Line-Up January 2014
        Understanding Investment Fees

Forms:

 

Contact Information for Current Pension Committee Members: 
The plan is administered by a pension committee consisting of five members:
  • a. The city manager or a designee thereof;
  • b. The director of human resources or a designee thereof;
  • c. A member of the current city council appointed by and to serve at the pleasure of the city council; and
  • d. Two employee members, elected by majority vote of active employees for two-year terms; provided that, in order that the terms be staggered, the initial term of the employee member who receives the fewest votes will be one year.
 
The pension committee is responsible for the following:
  • a. To review the responsiveness and performance of the trustee and make recommendations to the employer;
  • b. To review such reports and statements as may be prepared in connection with the plan;
  • c. To make recommendations to the employer regarding: (i) selection of a trustee; (ii) employment of actuaries, accountants, and other professionals in connection with the plan; (iii) investment options to be offered; and (iv) amendment to or termination of the plan.

 
Current Board Meeting Agenda

May 2, 2014 || Strategies Investment and Plan Review 5/2/2014 || Q1 Performance Summary for the Defined Benefit Plan || Defined Benefit Plan Fixed Income Portfolio Diagnostics - April 2014


Past Board Meeting Agenda:

January 24, 2014  || Strategies Investment and Plan Review 1/24/2014 || Q4 Performance Summary for the Defined Benefit Plan

November 20, 2013  ||  Strategies Investment and Plan Review 11/20/2013 || Q3 Performance  || Q3 Performance Summary for the Defined Benefit Plan  ||  Q3 Wells Fargo MPP Report  

October 4, 2013  ||   Strategies Assessment and Recommendations 10/4/2013  

August 20, 2013  ||  Q2 Compliance Report  ||  Q2 Performance Report   ||  Q2 Summary Report  ||  Defined Benefit Plan Q2 Report  ||  Strategies Report  

May 10, 2013  ||  Q1 Compliance Report  ||  Diversification Report  ||  Q1 Summary  ||  Q1 Performance Summary for the Defined Benefit Plan


Board Meeting Minutes


January 24, 2014
 
Prior Year Pension Board Meeting Minutes:

October 4, 2013 ||  August 20, 2013  ||  May 10, 2013  ||  March 22, 2013  ||  February 22, 2013

June 18, 2012  ||  April 9, 2012  ||  March 12, 2012  ||  February 3, 2012  Click here for document referenced in the minutes.

Money Purchase Plan for General Employees - Municipal Code   
 
Investment Policy