TRANSMITTAL LETTER FOR BOARD MEETING OF SEPTEMBER 19, 2019
COMMITTEE ON PROCUREMENT
Mr. Brian A. Perkovich, Executive Director
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Authorization to amend Board Order of August 8, 2019 regarding authorization to enter into an agreement for Contract 19-RFP-04 Deferred Compensation Plan Administrative Services with the Variable Annuity Life Insurance Company, for a five-year period, effective January 1, 2020 to December 31, 2024
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Dear Sir:
At the Board meeting of August 8, 2019, the Board of Commissioners duly ordered the above stated action, Agenda Item No. 19, File No. 19-0713.
In order to assist in the transition of employee’s deferred compensation plan assets, it is requested that the start date for this contract be changed from January 1, 2020 to December 16, 2019. This change will allow both the current and new vendor to more efficiently coordinate the transfer of assets ahead of year-end activities. This change will not have any adverse operational or financial impact on the District or plan participants.
All other information provided in the original transmittal letter will remain the same.
Therefore, it is requested that the aforesaid Board Order of August 8, 2019 be amended to effect the change in effective date set forth above, otherwise to remain in force and effect as heretofore enacted.
Requested, Frank Avila, Chairman of Committee on Finance; Mary Ann Boyle, Treasurer; Beverly K. Sanders, Director of Human Resources
Recommended, Darlene A. LoCascio, Director of Procurement and Materials Management
Respectfully Submitted, Barbara J. McGowan, Chairman Committee on Procurement
Disposition of this agenda item will be documented in the official Regular Board Meeting Minutes of the Board of Commissioners for September 19, 2019
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