Board Governance

Overview

Board Governance

Through the Retirement Administrator, the Board of Retirement exercises oversight of VCERA as prescribed by law. The Board also abides by a broad governance framework that is reflected in numerous bylaws, regulation, charters and policies approved by the Board. Click on the links below to view these documents.

Board Bylaws and Regulations

VCERA Bylaws & Regulations - rev. 1999
VCERA Bylaws Attachment A - Disability Procedures - rev. 1999
Regulations for IRC Code 401(a) Distribution Restrictions - 11/25/16
Regulations for IRC Code 401(a)(9) Required Minimum Distribution Rules - 11/16/15
Regulations for IRC Code 401(a)(17) Compensation Limit - 11/16/15
Regulations for IRC Code 401(a)(31) & 402(c) Rollovers - 11/16/15
Regulations for IRC Code 415 Annual Limits - 11/16/15
Regulations for IRC Code 401(a)(36) Normal Retirement Age - 11/16/15
Regulations of VCERA for Establishing an Employee-Funded Annual COLA for Tier II Members - 03/08/05

Charters

Board of Retirement - rev. 09/12/16
Chair - rev. 09/12/16
Vice-Chair - rev. 09/12/16
Retirement Administrator - rev. 09/12/16

Policies

Actuarial Funding - rev. 02/23/18
Appointment and Election of Trustees - rev. 02/27/17
Board Policy Development Process - rev. 09/12/16
Business Planning - rev. 07/02/18
Compensation Review - rev. 10/07/13
Conflict of Interest Code - rev. 07/02/18
Education & Travel Policy - rev. 06/18/18
Interest Crediting - rev. 04/20/15
Mobile Device Policy - rev. 07/01/19
Monitoring and Reporting - rev. 09/12/16
Placement Agent - rev. 12/20/10
Senior Managers Evaluation Performance - rev. 03/12/18
Service Provider Selection - rev. 09/12/16
Trustee Communication - rev. 06/17/13

Investment Policy

Investment Policy - rev. 05/20/19
Asset Allocation - rev. 05/20/19

Board Education

Board Member Education for Calendar Year 2018
Board Member Education for Calendar Year 2017
Board Member Education for Calendar Year 2016
Board Member Education for Calendar Year 2015

Resolutions

Resolutions and Ordinances Adopted by VCERA Board of Retirement & Ventura County Board of Supervisors
Resolution re: Non-Vested $27.50 Supplement Benefit Termination - 12/10/18
Resolution re: Authorizing Employee Absences Due to Dec. 2017 Fires - 01/08/18
Resolution re: Similarly Situated Members of Group/Class of Employment - 12/13/17
Resolution re: Regulations of Internal Revenue Code 415 - Annual Limits - 03/27/17
VCERA Management Employees Resolution - 02/06/17
Resolution re: VCERA District Status - 01/25/16
Resolution re: Tax Compliance Regulations - 01/25/16
Resolution re: Pensionable Compensation - 11/17/14
Resolution re: STAR COLA - 10/04/10
Resolution re: STAR COLA - 04/28/08
Ordinance Establishing VCERA - 03/06/46