PERSONNEL/INSURANCE COMMITTEE

City of Marietta 205 Lawrence Street Post Office Box 609 Marietta, Georgia 30061 Meeting Agenda PERSONNEL/INSURANCE COMMITTEE Cheryl Richardson, Chairman Joseph R. Goldstein, Vice Chair Grif Chalfant Tuesday, February 25, 2020 Council Chamber Immediately Following Finance and Investment Committee CALL TO ORDER: MINUTES: 20200099 Regular Meeting - January 28, 2020 Review and approval of the January 28, 2020 meeting minutes. BUSINESS: 20191046 Nationwide 457(b) Deferred Compensation Plan Amendment Review and approval of the Memorandum of Understanding to amend the current Fixed Account Amendment on the Nationwide 457(b) Deferred Compensation Plan. This amendment freezes all existing funds in the Fixed Account at a 3.5% Guaranteed Minimum Interest Rate (GMIR) effective April 1, 2020, moves future funds to a 1.1% crediting rate and 0% GMIR, and maintains participant liquidity at 100%. ADJOURNMENT: City of Marietta Page 1 Printed on 2/21/2020 4:34:46PM