Board of Retirement & Administration
Board of Retirement & Administration
The Board of Retirement appoints an Administrator to oversee the day-to-day management of the retirement system, including all accounting, benefits, communications, legal and technology functions. The Board also contracts for investment management, asset custody, investment performance evaluation, financial audit, actuarial consulting and other services necessary for the proper and prudent administration of the Plan, in accordance with retirement law.
Governance documents, board member profiles, and board meeting agendas and minutes are provided below.
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 of Retirement (Revised 09/12/2016)
- Chair (Revised 09/12/2016)
- Vice-Chair (Revised 09/12/2016)
- Retirement Administrator (Revised 09/12/2016)
- Actuarial Funding (Revised 02/23/2015)
- Appointment and Election of Trustees (Revised 12/17/2012)
- Assigned Portable Electronic Devices (Revised 07/02/2018)
- Board Policy Development Process (Revised 09/12/2016)
- Business Planning (Revised 07/02/2018)
- Compensation Review
- Conflict of Interest Code (Revised 07/02/2018)
- Education & Travel Policy (Revised 06/18/2018)
- Interest Crediting (Revised 04/20/2015)
- Monitoring and Reporting (Revised 09/12/2016)
- Placement Agent (Revised 12/20/2010)
- Senior Managers Evaluation Performance
- Service Provider Selection (Revised 09/12/2016)
- Trustee Communication (Revised 06/17/2013)
- Investment Policy Manual (Revised 02/27/2017)
- Board Member Education for Calendar Year 2015
- Board Member Education for Calendar Year 2016
- Board Member Education for Calendar Year 2017
- Resolutions and Ordinances Adopted by VCERA Board of Retirement & Ventura County Board of Supervisors
- Ordinance Establishing VCERA (03/06/1946)
- VCERA Management Employees Resolution (02/06/2017)
- Resolution re: VCERA District Status (01/25/2016)
- Resolution re: Tax Compliance Regulations (01/25/2016)
- Resolution re: Pensionable Compensation (11/17/2014)
- Resolution re: Regulations of Internal Revenue Code 415 - Annual Limits (03/27/2017)
- Resolution re: Similarly Situated Members of Group/Class of Employment (12/13/2017)
- VCERA Bylaws & Regulations
- Regulations for IRC Code 401(a)(9) Required Minimum Distribution Rules (11/16/2015)
- Regulations for IRC Code 401(a)(17) Compensation Limit (11/16/2015)
- Regulations for IRC Code 401(a)(31) & 402(c) Rollovers (11/16/2015)
- Regulations for IRC Code 415 Annual Limits (11/16/2015)
- Regulations for IRC Code 401(a) Distribution Restrictions (11/25/2016)
- Regulations for IRC Code 401(a)(36) Normal Retirement Age (11/16/2015)
- Resolution re: STAR COLA (04/28/2008)
- Resolution re: STAR COLA (10/04/2010)
- Regulations of VCERA for Establishing an Employee-Funded Annual COLA for Tier II Members (03/08/2005)
- Resolution re: Non-Vested $27.50 Supplement Benefit Termination (12/10/2018)
- Read more
Meeting Agendas & Minutes
The Board of Retirement normally meets on the first and third Mondays of each month at 9:00 a.m. in the VCERA Boardroom, located at 1190 South Victoria Avenue, Second Floor, in Ventura, California. Traditionally, the first meeting of the month focuses on reviewing disability retirement applications. The second meeting of the month focuses on administrative and investment matters. However, the board may hear matters on any topic at any meeting.