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

Regulations of VCERA for Establishing an Employee-Funded Annual COLA for Tier II Members - 3/14/22
VCERA Bylaws & Regulations - rev. 9/23/19
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

Charters

Board of Retirement - rev. 9/12/16
Finance Committee Charter 05/24/21
Chair - rev. 9/12/16
Vice-Chair - rev. 9/12/16
Retirement Administrator - rev. 9/12/16

Policies

Actuarial Funding Policy - rev. 01/24/22
Appointment and Election of Trustees Policy - rev. 2/24/20
Board Policy Development and Review Process Policy - rev. 10/18/21
Business Planning Policy - rev. 7/02/18
Compensation Review Policy - rev. 10/07/13
Conflict of Interest Code - rev. 7/11/22
Education and Travel Policy - rev. 1/03/22
Interest Crediting Policy - rev. 4/20/15
Staff Technology Use and Mobile Device Policy - rev. 3/29/21
Trustee Technology Use and Mobile Device Policy - rev. 3/29/21
Monitoring and Reporting Policy - rev. 1/03/22
Placement Agent Policy - rev. 12/20/10
Senior Managers Evaluation Performance Policy - rev. 3/12/18
Service Provider Selection Policy - rev. 10/03/22
Surplus Property Policy - 4/19/2021
Trustee Communication Policy - rev. 6/17/13

Investment Policy

Investment Policy - rev. 3/28/2022
Asset Allocation - rev. 4/18/22

Board Education

Board Member Education for Calendar Year 2021
Board Member Education for Calendar Year 2020
Board Member Education for Calendar Year 2019
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

Alameda Resolutions
Resolution re: AB 826 and Flat Flex Credit - 7/26/21
Resolution Regarding Alameda Implementation to Compensation Earnable and Pensionable Compensation - 10/12/20
VCERA Appeals Process for Benefit Determinations Arising Out of the Alameda Supreme Court Decision (Alameda Appeals) - 11/15/21
Other Resolutions
Resolution to Implement Provisions of AB 361 - 10/4/21
VCERA Management Employees Resolution - 05/02/22
Resolution re: Non-Vested $27.50 Supplemental Benefit Termination - 12/10/18
Resolution re: Authorizing Employee Absences Due to Dec. 2017 Fires - 1/08/18
Resolution re: Similarly Situated Members of Group/Class of Employment - 12/13/17
Resolution re: Regulations of Internal Revenue Code 415 - Annual Limits - 3/27/17
Resolution re: VCERA District Status - 1/25/16
Resolution re: Tax Compliance Regulations - 1/25/16
Resolution re: Pensionable Compensation - 11/17/14
Resolution re: STAR COLA - 10/04/10
Resolution re: STAR COLA - 4/28/08
Resolutions and Ordinances Adopted by VCERA Board of Retirement & Ventura County Board of Supervisors
Ordinance Establishing VCERA - 3/06/46