Board Committees

The Board is responsible for overseeing the administration of VCERA, including its finances, operations, personnel, investments and more. The Board’s general oversight, though delegated to the Retirement Administrator on a day-to-day basis, requires extensive time and discussion on a variety of complex issues. To assist in effectively and timely addressing such matters, the Board established two standing (permanent) committees and two ad hoc (as-needed) committees, each consisting of at least three trustees, pursuant to Article I, Section 7 of the Board’s Bylaws and Regulations. Standing committees must follow the Brown Act, and therefore meetings are open to the public and agendas are posted in advance.

Finance Committee (Standing):

• Purpose: To ensure the accuracy of VCERA’s financial reporting, to assist staff in developing annual administrative budgets prior to Board review, to determine the scope of internal audits, and to explore other fiscal topics and procedures as they arise.
• Members: Greg Bergman (Chair), Art Goulet, Anthony Rainey
• Authority: Finance Committee Charter
• Date Established: December 14, 2020
• Meeting Schedule: 2024 Finance Committee Meeting Calendar

Governance Committee (Standing):

• Purpose: To assist the Board in fulfilling its fiduciary duties by becoming primarily policy-driven, empowering staff through well-defined policies to manage the retirement system while monitoring staff’s administration through periodic policy reviews.
• Members: Jordan Roberts (Chair), Tommie Joe, Maeve Fox
• Authority: Charter to be developed
• Date Established: January 22, 2024
• Meeting Schedule: To be determined

Ad Hoc Personnel Review Committee:

• Purpose: To conduct annual performance evaluations of the Retirement Administrator, General Counsel and Chief Investment Officer in 2024.
• Members: Tommie Joe (Chair), Donald Brodt, Taylor Dacus
• Authority: Senior Management Evaluation Policy and VCERA Management Employees Resolution, Article 11: Performance Reviews
• Date Established: January 8, 2024

Ad Hoc Benefits & Compensation Committee:

• Purpose: To make recommendations for revisions to the VCERA Management Employees Resolution to (1) update and clarify provisions, (2) address the change in the flexible benefit program structure and loss of pension benefits resulting from the impact of the Alameda implementation, and (3) select and engage a firm for the triennial market study and make associated recommendations on salary and benefits.
• Members: Art Goulet (Chair), Anthony Rainey, Aaron Grass
• Authority: VCERA Management Employees Resolution, Sections 303-304
• Date Established: November 20, 2023