PURPOSE/DUTIES/AUTHORITY OF BOARD:

The Pension Committee is responsible for the general administration of the Town of Collierville Defined Pension Plan; acts as Plan Administrator of the Pension Plan.

MEMBERS:

• Valesa Wells (Finance)
• Bill Burke (HR) - Town Administrator designee
• Maureen Fraser (Mayor)
• Preston Carpenter
• Charles Taylor
• Richard Ellis

The Committee has six members. Members should be experienced either in the financial services industry or managing defined benefit pension plans. Two members will be the Finance Director and the Town Administrator or his designee. The remaining four appointments serve staggered three-year terms. One of the members shall be a member of the BMA and the other three members shall be citizen volunteers. After the end of the initial terms, all appointments will be for a period of three years.

SCHEDULE:

The Pension Committee meets quarterly in the Administration Conference Room at Town Hall, 500 Poplar View Parkway, on the 2nd Thursday of February, May, August and November.