DEFERRED COMPENSATION COMMITTEE

PURPOSE:

Creation of an appropriate mechanism for administration of money and other assets resulting from

compensation deferred under the Plan; administer the Plan for participating employees, retirees and

beneficiaries, including necessary research, request for proposals and follow up on possible providers.

Contracting with a private person, corporation, institution or other entity directly or through a state agency,

for services necessary to the administration of the Plan including, without limitation, consolidated billing,

the keeping of records for each participating employee in the Plan, the purchase, lease and safeguarding of

assets, programs for communication and education of employees, administration of the Plan. Obtain advice

of qualified counsel when appropriate, establish objectives and policies relating to investments, discharge

its duties regarding each decision made in administering the Plan, solely in the interests of the Plan. Make

decisions using the following standard: under the circumstances existing at the time of the decision, the

decision a prudent person who is familiar with similar investments while acting in a similar capacity in

conducting an enterprise of similar character and purpose. Not less than every 12 months, the committee

shall consider the advisability of soliciting proposals from qualified providers.

CONFLICT OF INTEREST:

Yes

COMPOSITION:

The Auditor-Controller or designee; Treasurer-Tax Collector or designee; County Executive Officer or

designee; One representative of the miscellaneous employees associations; One representative of the

Deputy Sheriff's Association; One representative of a Placer County retired employee. Election of a new or

re-election of the Chair shall occur as the first item of business at the first quarterly meeting of the

committee in the calendar year, elected by majority vote of current members. The Chair shall serve a two

year term and be eligible for re-election. When a vacancy on the Committee exists for the reitred

employees member, nominations for a replacement and alternate shall be submitted by the Committee to

the BOS for appointment, serving a two year term. The employee association representative shall be

designated by the respective employee association. Resignation must be received in writing by the Chair.

All representative members may be removed with good cause by a 3/4 vote of the remaining committee

MEETINGS:

Quarterly. The dates, time and place to be determined by the Chair. Special meetings may be called at

any time by the Chair or the CEO. Notice and Agenda posting shall comply with the Brown Act, CA Gov't

Code Sec. 54950 et seq. A quorum of at least four Committee members must be present. If the Chair is

absent, the CEO shall Chair, if both are absent, the order shall be Treasurer-Tax Collector, Auditor

Controller, Personnel Director shall Chair in that order. The Chair shall designate a staff person to act as

Secretary who shall be responsible for keeping records of actions, taking of minutes, meeting

announcements, posting agendas, distributing copies and assuring appropriate records are maintained.

COMPENSATION:

Members shall receive no compensation for their services; however, any member traveling on official

business for the Committee shall be reimbursed for his actual and necessary traveling expense.

	COUNTY CONTACT	CONTACT
	Ann Craig, Personnel Service Manager
	(530) 889-4060
	145 Fulweiller Ave
	Auburn, CA 95603-

CURRENT MEMBERS

	SEAT # 1	SEAT # 2	SEAT # 3
	Auditor-Controller	Treasurer/Tax Collector	CEO
	Andy Sisk	Jenine Windeshausen	Therese Leonard
	REPRESENTS: Aud Controller	REPRESENTS: Treas/Tax Coll	REPRESENTS: CEO
	TERM LENGTH: Bd Pleasure	TERM LENGTH: Bd Pleasure	TERM LENGTH: Bd Pleasure
	APPOINTED BY: Office	APPOINTED BY: Office	APPOINTED BY: CEO
	ALTERNATE: Jayne Goulding
	SEAT # 4	SEAT # 5	SEAT # 6
	Pers Dir	PPEO	DSA
	Nancy Nittler	Matthew Bartholomew	Garland Lew
	REPRESENTS: Personnel	REPRESENTS: PPEO	REPRESENTS: Dep Sheriff's Assoc
	TERM LENGTH: Bd Pleasure	TERM LENGTH: Bd Pleasure	TERM LENGTH:
	APPOINTED BY: Personel	APPOINTED BY: PPEO	APPOINTED BY: Dep Sheriff's Assoc
	ALTERNATE: Ann Craig	ALTERNATE: Clark Gehlbach
	SEAT # 7
	PC Retired Emp
	Paul Jacobson
	REPRESENTS: PC Retired Emp
	TERM LENGTH: 2-years
	APPOINTED BY: Committee
	EXPIRES: 5/20/2011