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2009 Government Member Annual Business Session

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Kathy Samson, State of Montana, Chair. Ronald Campana, ING ... (Kathy Samson) Developed three new brochures (available online. and in your conference materials) ... – PowerPoint PPT presentation

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Title: 2009 Government Member Annual Business Session


1
2009Government MemberAnnual Business Session
  • September 16, 2009
  • Austin, Texas

2
Call to Order
  • Alex Turner, State of Arizona
  • 2008-2009 Association President,
  • Presiding Officer

3
Approval of 2008 Business Session Minutes
4
NAGDCASTS (Alex Turner)
  • 3 NAGDCASTS to date
  • 403(b) Final Regulations - February
  • Legislative Update - April
  • Saving and Surviving / Education about Current
    Market September
  • Nearly 100 participants per webcast
  • Rated 8/10 for content/presentations
  • NAGDCAST scheduled for Fall 2009 on Plan Sponsor
    Investment Oversight /Investment Performance
  • 3 NAGDCASTS will be offered in 2010 (Topics TBD)

5
Overview 2009 Committee and Task Force Reports
  • Annual Conference
  • Automation of DC Plans
  • Awards
  • Education
  • Industry
  • Investment Policy
  • Legislative
  • Membership
  • National Save for Retirement Week
  • Publications
  • Survey

6
Annual Conference Committee
  • Edward Lilly, State of New York, Chair
  • Mike Abkowitz, Great-West Retirement Services
  • Kimberly Alger, ING
  • Linda Barber, Nationwide Retirement Solutions
  • Alex Hannah, ICMA-RC
  • Doug Miller, Suffolk County (NY)
  • Edward Rutherford, Larimer County (CO)
  • Kurt Walten, National Association of Real Estate
    Investment Trusts (NAREIT)
  • Della Williamson, State of Texas

7
Annual Conference(Edward Lilly)
  • Finding the Right Notes for Retirement
  • 17 topics, 27 sessions
  • Breakout sessions by plan size
  • 57 member speakers, 5 outside speakers
  • Welcome to first time attendees
  • Evaluation in CyberCafe or via NAGDCAs website
    after conference

8
Annual Conference (Continued)
  • Number of Delegates as of 9-16 a.m.
  • Number of Students as of 9-16 a.m.
  • InFRE pre-conference workshop
  • Number of attendees
  • Offered continuing education credits for
    conference sessions CFP and CPE for fourth year
    in a row
  • Booth presence by
  • InFRE
  • IRS Outreach/Communications Team
  • Austin Concierge Table (CVB)
  • Philadelphia Concierge Table (CVB) Wednesday Only

9
  • Approval of Conference Sponsor Resolutions
  • List of Sponsor Resolutions Included in Packet

10
Automation of DC Plans Task Force
  • Kurt Walten, National Association of Real Estate
    Investments Trusts (NAREIT), Chair
  • Tim Berry, State of Indiana
  • Dick Davies, AllianceBernstein
  • Michael Halpin, State of Maryland
  • Brian McCleave, Prudential
  • Polly Scott, State of Wyoming

11
Automation of DC Plans (Polly Scott)
  • Purpose of task force was to study DB-like
    features in DC plans and provide education to
    NAGDCA members
  • Task force divided topic up into sections auto
    everything, diversified investments, investment
    vehicles, and income guarantees
  • Contacted plans who currently have auto
    enrollment to help develop publication
  • Publication available on NAGDCA website

12
Awards (Carrie Pierce)
  • Carrie Pierce, State of California, Chair
  • Karen Becker, County of Ventura (CA)
  • John Megariotis, State of New Jersey
  • Iris Ward, ING

13
Awards (Continued)
  • Received 53 leadership recognition award entries
  • 19 In Plan Design and Administration
  • 26 In Effective Communication
  • 8 In National Save for Retirement Week
  • All entries were recognized for innovations that
    resulted in a sound improvement in their plans
  • Awards publication in conference bags highlight
    all plans and entries and can also be viewed on
    the NAGDCA website

14
Awards (Continued)
  • Top 3 nominations in each category received a
    Special Award of Distinction
  • Plan Design and Administration
  • Effective Communication
  • National Save for Retirement Week
  • Congratulations to all award winners
  • Plaques will be given to you and your photo will
    be taken on Wednesday night

15
Awards (Continued)
  • NS4RW 2009 Leadership Award Winners
  • Special Award of Distinction
  • Ventura County, CA
  • Metropolitan Water Reclamation District of
    Greater Chicago
  • State of New Jersey

16
Awards (Continued)
  • NS4RW 2009 Leadership Award Winners
  • Other Award Winners
  • City and County of Honolulu, HI
  • City of Edmond, OK
  • City of Houston, TX
  • City of San Jose, CA
  • State of Florida

17
Awards (Continued)
  • Plan Design and Administration Leadership Award
    Winners
  • Special Award of Distinction
  • CalPERS
  • County of San Bernardino, CA
  • State of Oklahoma

18
Awards (Continued)
  • Plan Design and Administration Leadership Award
    Winners
  • Other Award Winners
  • City and County of San Francisco, CA
  • City of Aurora Fire, CO
  • City of Aurora Police, CO
  • County of Los Angeles, CA
  • King County, WA
  • NY Metropolitan Transportation Authority
  • Multnomah County, OR
  • Oakland County, MI
  • State of Arizona
  • State of Florida
  • State of Hawaii
  • State of Michigan
  • State of New York
  • State of North Carolina
  • State of South Carolina

19
Awards (Continued)
  • Effective Communication Leadership Award Winners
  • Special Award of Distinction
  • City of Portland, OR
  • County of San Bernardino, CA
  • State of New Jersey

20
Awards (Continued)
Effective Communication Leadership Award Winners
  • Other Awards
  • CalPERS
  • CalSTRS
  • City County of San Francisco, CA
  • City of Aurora Fire, CO
  • City of Aurora Police, CO
  • City of Kansas City, MO
  • City of New York, NY
  • Commonwealth of Kentucky
  • Commonwealth of Massachusetts
  • County of Los Angeles, CA
  • Johnson County, KS
  • NY Metropolitan Transportation Authority
  • San Diego County, CA
  • State of Florida
  • State of Hawaii
  • State of Indiana
  • State of New Jersey
  • State of New Mexico

21
Education Task Force
  • Regina Hilbert, Retired, Formerly with Suffolk
    County (NY), Chair
  • Linda Barber, Nationwide
  • Cathie Eitelberg, The Segal Company
  • Tom Potts, Baylor University
  • Mary Willett, Willett Consulting

22
Education Task Force (Regina Hilbert)
  • Developed presentation to help further education
    about the differences between public sector and
    private sector defined contribution plans
  • Speakers from public and private sector visited 3
    universities this Spring
  • Concordia University Portland
  • Southern Arkansas University
  • University of Georgia
  • Evaluations from speakers, professors, and
    students rated the program very high
  • Program will continue in the Fall NAGDCA will be
    soliciting for speakers and universities who want
    to participate

23
Industry Committee
  • Janet Kendall, ING, President
  • Kurt Walten, National Association of Real Estate
    Investment Trusts (NAREIT), Vice-President
  • Michael Studebaker, Nationwide Retirement
    Solutions, Secretary
  • Rod Crane, TIAA-CREF, Treasurer
  • Alex Hannah, ICMA-RC, Member-At-Large
  • Julie Klassen, Great-West Retirement Services,
    Member-At-Large
  • Tim Rouse, Fidelity Investments, Past President

24
Industry Committee (Janet Kendall)
  • Industry Roundtable meeting May 14-15 in
    Washington, DC
  • Focused on legislative and operational issues
    facing industry members
  • Four discussion groups
  • Fixed Accounts in a Volatile Market The Good,
    the Bad and the Ugly
  • Market Volatility and Retirement Plans
  • Auto-Everything
  • Fiduciary Responsibilities New Areas of Concern
  • Outcomes from roundtable meeting are being
    followed up on by industry committee and NAGDCA
    Board
  • Plan to hold 6th roundtable meeting in Spring 2010

25
Investment Policy Task Force
  • Gay Lynn Bath, State of Oregon, Chair
  • Jayson Davidson, Hyas Group
  • Lori Doyle, CalPERS
  • Gregory Settle, Aon Investment Consulting

26
Investment Policy (Gay Lynn Bath)
  • Reviewed NAGDCA investments
  • Recommended investment transfers based on
    investment policy
  • Reviewed investment fund performance

27
Legislative Committee
  • Mindy Harris, Multnomah County (OR), Chair
  • John Barry, State of Maryland
  • Michelle Berklacich, State of California
  • Marilyn Collister, Great-West Retirement Services
  • Ralph Marsh, City of Houston
  • Tim Rouse, Fidelity Investments
  • Joseph Zisa, State of New Jersey
  • Susan J. White, NAGDCA Legislative Counsel

28
Legislative Committee (Mindy Harris)
  • Made contact with key legislative staff and
    Treasury officials throughout the year on pension
    legislation issues
  • Roth 457
  • Hill visits Executive Board and Susan J. White,
    NAGDCA Legislative Counsel
  • Regular Legislative Committee meetings
  • Worked to get National Save for Retirement Week
    resolutions introduced in House and Senate
    working on permanent legislation
  • Worked closely with Treasury on recommending
    administrative approach to refundable Savers
    Credit to be deposited directly into retirement
    accounts

29
Membership Committee
  • Eric Sanderson, Ohio PERS, Chair
  • Rod Crane, TIAA-CREF
  • Tara Hagan, State of Nevada
  • Beth Kushner, City of New York
  • Andy Silva, OptumHealth Financial Services

30
Membership (Eric Sanderson)
  • Focused on member retention and recruitment from
    403(b) and local government plans
  • Conducted membership satisfaction and exit survey
  • Developed an e-postcard about NAGDCA for industry
    members to send to their clients.
  • Exhibited at Government Finance Officers of
    America (GFOA) and plan to exhibit at Association
    of School Business Officials (ASBO) in October
    and Congress of Cities in November.
  • To date, we have 14 new members. Welcome!!

31
National Save for Retirement Week Committee
  • Kandi Winters, State of Florida, Chair
  • Mauriel Avina, Prudential
  • Dean Carothers, Monterey County (CA)
  • Brayton Connard, County of Monroe (NY)
  • Jeanine Keller, City of Portland (OR)
  • Pattie Price, County of Ventura (CA)
  • Peter Schaffer, Davis Selected Advisors LP
  • Milly Stanges, ICMA-RC

32
National Save for Retirement Week (NS4RW)(Kandi
Winters)
  • October 18-24, 2009
  • Theme is Urgent Message From Your Future
  • Your colleagues are doing it!
  • We can make it easy. Materials to promote NS4RW
    are available on NAGDCA website including a
    communication plan to guide your marketing
    efforts.
  • It works!!
  • Thanks to everyone who promoted it last year!
    Everyone is encouraged to support it!!

33
Public Relations Task Force
  • Laura Whitlock, Great-West Retirement Services,
    Chair
  • Barbara Healy, SST Benefits Consulting
    Insurance Services
  • Geraldine Jimenez, CalPERS
  • Patrick Ray, Nationwide Retirement Solutions
  • Yvonne Tate, City of Bellevue (WA)
  • Robert Toomey, State of South Carolina
  • Mary Willett, Willett Consulting

34
Public Relations(Geraldine Jimenez)
  • Promote define NAGDCA
  • Increase membership participation
  • Identify benefits Government Industry

35
Public Relations (Continued)
  • Developed YouTube video with testimonials
  • Visit www.nagdca.org and look under News and
    Events
  • Produced by Bob Mary Willett
  • Decided against maintaining Twitter Facebook
    sites

36
(No Transcript)
37
Public Relations (Continued)
  • Where now?
  • Develop 2nd YouTube video to promote NAGDCA
    Annual Conference
  • Clips of members being taken at this years
    conference to promote future conferences
  • Coming to a website near you!

38
Publication Committee
  • Kathy Samson, State of Montana, Chair
  • Ronald Campana, ING
  • Regina Hilbert, Suffolk County (NY)
  • Kamila Kowalke, Dow Jones
  • Keith Overly, State of Ohio
  • James Sia, Wellington Management Company

39
Publications (Kathy Samson)
  • Developed three new brochures (available online
  • and in your conference materials)
  • Is Your Mattress a Valid Retirement Savings
    Option?
  • Plan Sponsor Basics for Retirees
  • NAGDCA Plan Sponsor Brochure

40
Publications (Continued)
  • Developed two NAGDCA Notes 1 page summaries of
    key issues or topics (available online)
  • 2009 RMD Waiver
  • National Save for Retirement Week
  • Third NAGDCA Note to be published after annual
    conference
  • Emergency Withdrawals

41
Survey Committee
  • Edward Zagajeski, NY Metropolitan Transportation
    Authority, Chair
  • Jane Evancho, City of Tacoma (WA)
  • Rebecca Gill, Nationwide Retirement Solutions
  • Marlene Hoskins, ICMA-RC
  • John Nielson, Great-West Retirement Services
  • David Turla, County of Los Angeles (CA)

42
Survey (Ed Zagajeski)
  • Two DC Plan Surveys
  • Nearly a 50 response rate for both surveys
  • Survey results available online
  • Survey results are used as benchmarking tools and
    to help develop trends very useful when lobbying
    for NS4RW and various legislative issues
  • Important for policymakers to know what is going
    on across the country and in the real world
  • Thanks to everyone who responded to surveys!

43
2009-2010 Strategic Priorities(Ed Lilly)
  • Executive Board meeting will be held in November
    2009
  • Continued commitment to member solicitation
  • Continued support of ANC Foundation
  • Focus on continuing enhanced publications and
    informational materials

44
2009-2010 Strategic Priorities (Continued)
  • Plan to hold industry roundtable meeting in
    Spring 2010
  • Plan to hold three NAGDCASTs in 2010
  • Continue marketing National Save for Retirement
    Week
  • Continue marketing NAGDCA to higher education
    community

45
Association Financial Overview (Gay Lynn Bath)
  • NAGDCA 2008 Financial Review Report
  • NAGDCA Review of Assets/Fund Balance
  • 2009 Budget Review
  • Proposed 2010 Budget

46
NAGDCA Audit
  • NAGDCAs policy is to conduct an audit every
    three years financial review is performed in
    other years
  • Conducted financial review on 2008 financials
  • No exceptions to report

47
NAGDCA Assets
48
NAGDCA Operating Reserve
  • NAGDCAs investment policy goal is to have one
    year of expenses on reserve
  • Operating reserve is projected to be at 99 at
    12/31/09 and at 91 at 12/31/10

49
2009 Budget Comments
  • Overall revenue for the year is projected to be
    down for the year due to membership dues and
    conference registration revenue projected to be
    lower than budgeted revenue. Expenses have been
    monitored closely and are projected to be in line
    with the overall budget for the year.
  • NAGDCA is projected to end the year with a
    deficit of 59,885.
  • As noted, NAGDCA is projected to have 99 of our
    operating budget in reserves at the end of 2009.

50
2010 Budget Comments
  • Items of significance include
  • Plan to have a deficit of 77,433 for 2010
  • Board reviewed budget carefully to decrease
    expenses where possible (marketing budget, Board
    budget, travel budget)
  • Made sure services that directly impact members
    were not affected
  • Continue offering continuing education credits at
    annual conference
  • Other programming will be maintained at current
    levels

51
2009-2011 Fund Balance Projections
52
2010 Budget
  • Approval of 2010 Budget

53
Nominations/Elections(Mindy Harris)
  • 2009-2010
  • Executive Board

54
Nominations Committee
  • Mindy Harris, Multnomah County (OR), Chair
  • Ralph Marsh, City of Houston (TX)
  • Della Williamson, Retired Member, Formerly with
    the State of Texas
  • Tony Hines, Commonwealth of Pennsylvania
  • John Barry, State of Maryland
  • Georgette Gestely, State of New York

55
Member-at-Large
  • Eric Sanderson, Ohio PERS
  • 2009-2010 Member-at-Large

56
2009-2010 Executive Board Slate
  • President Ed Lilly, New York
  • Vice President Gay Lynn Bath, Oregon
  • Secretary/Treasurer Julia Durand, CalSTRS
  • Past President Alex Turner, Arizona
  • Previously Elected
  • Member-at-Large -1 Tom Mueller, Sanitation
    Districts of Los Angeles County
  • Member-at-Large -2 Eric Sanderson, Ohio PERS
  • Industry President Kurt Walten, NAREIT
  • Industry Observer Janet Kendall, ING

57
Old Business
58
New Business
  • Approval of Constitution Amendment
  • Approval of Retiree Membership Benefits

59
InFRE Update
  • Betty Meredith
  • Director of Education and Research, InFRE

60
2010 NAGDCA Annual ConferenceSeptember 11-15,
2010Philadelphia Marriott DowntownPhiladelphia,
PA
61
Hotel Reservations and Conference Registration
will open in April 2010
62
AdjournmentTHANK YOU!
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