Valley Transportation Authority Deferred Compensation Committee Meeting
The document outlines the agenda and meeting proceedings for the Deferred Compensation Committee. Key discussion topics include comprehensive cybersecurity training and awareness regarding data protection, reviews of Empower Retirement plan expense accounts, and detailed plan performance evaluations. The committee also addressed budgetary adjustments for training and education, the drafting of formal committee attendance and participation policies, and preparations for National Retirement Security Month outreach campaigns. Additionally, administrative matters such as committee appointments, work plan amendments, and asset reporting were reviewed.
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The committee meeting addressed several key financial and administrative items. Key topics included a review of Empower Retirement Reports covering plan expense accounts and 457(b) performance insights. Staff presented responses to participant engagement findings and provided updates on outreach strategies. Additionally, the committee discussed the assignment of non-represented member alternates, reviewed preliminary survey results regarding committee attendance, and deliberated on the fiscal year 2026-2027 deferred compensation budget for training and education.
Jul 14, 2026·Board meeting
Board of Pensions Santa Clara Valley Transportation Authority Amalgamated Transit Union Local 265 Pension Plan Summary Minutes
The Board convened to address several administrative and financial items. Closed session discussions were held regarding employee retirement requests. Significant attention was given to deferred vested retirement calculations and actuarial methodologies, as well as inconsistencies found in the application of military service credits; both issues prompted requests for formal legal opinions. The Board authorized increases in contract authority for actuarial services, approved the minimum qualifications and evaluation criteria for a private credit investment manager search, and adopted updates to the Investment Policy Statement and Manager Monitoring Policy. Additionally, the meeting included a review of educational opportunities for trustees and staff, as well as a presentation on investment performance reports.
Jun 23, 2026·Board meeting
Deferred Compensation Committee Meeting
The committee discussed the transition of the 457 Deferred Compensation Plan's target-date funds to a collective investment trust structure to achieve cost savings. They also addressed proposed amendments to the committee bylaws regarding the appointment of alternates and formalizing meeting participation expectations. Additionally, the committee evaluated the administrative fee structure for the deferred compensation plans, approved a transition of the core index funds to Fidelity options, and reviewed the third-quarter budget for the plan expense account. Future agenda items were identified, including an informational briefing on health reimbursement accounts.
