Deferred Compensation Board

MINUTES UNIFIED GOVERNMENT OF ATHENS-CLARKE COUNTY DEFERRED COMPENSATION BOARD REGULAR MEETING Wednesday, August 19, 2020, 3:30 PM The Athens-Clarke County Deferred Compensation Board held its regular meeting on Wednesday, August 19, 2020 by WebEx and Live Stream on YouTube in accordance with the Open Meetings Act and in response to the COVID-19 Situation. The following were in attendance by WebEx: ACCGov Pension Board Ordinance - Section 1-14-15 Members: 1. Tim Denson, Commissioner and Deferred Compensation Board Chair 2. Blaine Williams, Manager 3. David Boyd, Finance Director 4. Jeff Hale, Human Resources Director 5. John Spagna, Employee Representative 6. Richard Steed, Employee Representative 7. Community Representative, not yet appointed Ex Officio members: Laura Welch, Assistant Human Resources Director Traci Mason, Benefits & Wellness Administrator (absent) Other Attendees: Josh Edwards, Assistant Manager Deborah Lonon, Assistant Manager Todd Dickey, Public Information Office Representatives from Aon, consultant to the Board The meeting was called to order at 3:36 p.m. 1. Approval of May 20, 2020 Meeting Minutes. John Spagna moved to approve the minutes of the May 20, 2020 meeting. David Boyd seconded the motion. The motion was passed unanimously. 2. Employee Survey Results Emily Hayes and Jason Rossiter of Aon presented their analysis of the results of the Employee Survey responses. Members of the Board agreed by consensus that they would like to see the data broken down by tenure. Aon agreed to email the information to them. 3. Statement of Work Proposal from Aon. Ben Law, Eric Atwater, and Mark Manning presented the Statement of Work proposal for development of an Investment Policy Statement. Development of the IPS will establish the investment fund structure, improve the line-up of investment providers and recommended managers. The final product will be recommendations for asset classes and investment styles. ACCGov DEFERRED COMPENSATION BOARD Minutes – Regular Meeting, August 19, 2020 Page 1 of 2  4. Discussion of Request for Proposal Process for Deferred Compensation Program Consultant. The Board agreed by consensus that development of an Investment Policy Statement and line- up of providers should occur prior to starting an RFP process. 5. Employee comments or other issues. Richard Steed moved to adjourn the meeting, seconded by Blaine Williams. The meeting was adjourned at 4:29 p.m. Respectfully submitted, Laura Welch, Assistant Human Resources Director Secretary to the Deferred Compensation Board ACCGov DEFERRED COMPENSATION BOARD Minutes – Regular Meeting, August 19, 2020 Page 2 of 2