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This document provides the agenda and minutes for the Simsbury Retirement Plan Sub-Committee meeting held on May 23, 2024. It outlines key discussion points including the appointment of committee chairs, review of previous meeting minutes, performance reviews of pension plans and fiduciary governance updates.
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01
Review the requirements and guidelines for the Simsbury Retirement Plan Sub-Committee.
02
Gather necessary documents and information related to the current retirement plan.
03
Identify potential candidates for the sub-committee based on skills, experience, and interest in retirement planning.
04
Prepare a nomination process that includes outreach to potential candidates.
05
Schedule a meeting to discuss the nominees and select members for the sub-committee.
06
Establish roles and responsibilities for each sub-committee member.
07
Set regular meeting schedules and agendas to ensure ongoing discussion and progress.

Who needs simsbury retirement plan sub-committee?

01
Current employees in the Simsbury retirement plan who seek guidance on retirement options.
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Future retirees who need information on benefits and planning for retirement.
03
Local government officials and administrators involved in managing the retirement plan.
04
Financial advisors and consultants who assist in the management and improvement of the retirement plan.
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The Simsbury Retirement Plan Sub-Committee is a designated group responsible for overseeing and managing the retirement plans for the town's employees, ensuring adherence to regulations and effective administration.
Members of the Simsbury Retirement Plan Sub-Committee, as well as designated town officials involved in the management of the retirement plan, are typically required to file necessary documentation.
Filling out the Simsbury Retirement Plan Sub-Committee forms involves gathering relevant financial data, completing necessary fields accurately, and submitting the forms as per the guidelines specified by the committee.
The purpose of the Simsbury Retirement Plan Sub-Committee is to ensure the effective governance and oversight of the retirement plans, aiming to secure the financial well-being of the plan participants.
The information reported typically includes financial conditions of the retirement fund, participant contributions, investment performance, and compliance with regulatory requirements.
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