DEPARTMENT
Finance
REQUESTED ACTION (Identify appropriate Action or Motion, purpose, cost, timeframe, etc.)
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Request approval of a Resolution by the Board of Commissioners of Fulton County, Georgia, Amending the Fulton County Employees Retirement System to Modify the Qualifications and Election Requirements for the Trustee Holding Position Number Eight on the Board of Trustees of the Fulton County Employees Retirement System, To Correct a Scrivener's Error, and for Other Purposes. (APPROVED UPON ADOPTION OF THE CONSENT AGENDA)
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REQUIREMENT FOR BOARD ACTION (Cite specific Board policy, statute or code requirement)
In accordance with Board policy all Defined Benefit Plan Amendments must be approved by the Board of Commissioners.
STRATEGIC PRIORITY AREA RELATED TO THIS ITEM (If yes, note strategic priority area below)
Open and Responsible Government
COMMISSION DISTRICTS AFFECTED
All Districts ?
District 1 ?
District 2 ?
District 3 ?
District 4 ?
District 5 ?
District 6 ?
IS THIS A PURCHASING ITEM?
No
SUMMARY & BACKGROUND (First sentence includes Agency recommendation. Provide an executive summary of the action that gives an overview of the relevant details for the item.)
The Defined Benefit (DB) Plan currently consists of the following members on its Board of Trustees: The Chairman of the Fulton County Board of Commissioners or an individual designated by the Chairman to serve in his or her stead (Position 1); Two (2) members of the Fulton County Board of Commissioners other than the Chairman, who shall be appointed by the Board of Commissioners (Positions 2 and 3); The County Manager of Fulton County or an individual designated by the County Manager to serve in his or her stead (Position 4); The Fulton County Chief Financial Officer or an individual designated by the Chief Financial Officer to serve in his or her stead (Position 5); Four (4) retired Fulton County employees or the holder of any public office (Positions 6, 7, 9 and 10); One...
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