[HISTORY: Adopted by the Board of Selectmen of the Town of
Brookfield as indicated in article histories. Amendments noted where
applicable.]
[Adopted 2-1-2010]
A permanent Retirement Benefits Advisory Committee is hereby
established by the Town of Brookfield. The purpose of this Committee
is to render advice to the Board of Selectmen and the Board of Finance
on issues concerning the Town's pension program and other post-retirement
benefits provided to Town employees.
A.
The Committee shall be comprised of the Town Treasurer, one member
of the Board of Selectmen, one member of the Board of Finance, plus
three electors of the Town of Brookfield, all of whom shall be appointed
by the Board of Selectmen, and one member appointed by the Board of
Education. When possible, the appointed electors shall be knowledgeable
in the general field of pension plans and investments. The Town Controller
shall be an ex-officio member of the Committee. No voting member of
this Committee shall be a beneficiary or future beneficiary of the
Town's retirement benefit plans.
[Amended 1-3-2012; 12-1-2014]
B.
The members from the Board of Selectmen, the Board of Finance and
the Town Treasurer shall serve for the length of that member’s
term on the respective board or in the elected position. The term
of the member appointed by the Board of Education shall be four years.
The appointed electors shall serve for a four-year term; however,
in the initial appointment of electors, the Board of Selectmen shall
appoint one of the appointed electors to a two-year term and one of
the appointed electors to a four-year term. Appointments shall comply
with the minority representation requirements set forth in C.G.S.
§ 9-167a.
[Amended 12-1-2014]
C.
Vacancies shall be filled by the Board of Selectmen in accordance
with the Charter.
The Committee shall elect its Chairman and any other officers
it requires from its membership.
The Committee shall establish its own meeting schedule, and
will meet no less than once per calendar quarter. All meeting schedules
and agendas shall be made available to the public in advance, in accordance
with the Town Charter and state statutes. The presence of three voting
members shall constitute a quorum. Meetings shall be open to the public,
and public comment shall be allowed at all meetings. Minutes of meetings
shall be kept and filed in accordance with the Town Charter and state
statutes, as applicable. The Committee may also establish bylaws and
rules of procedure as appropriate.
A.
This Committee shall render advice to the Board of Selectmen and
the Board of Finance on issues concerning the Town's pension
program and other post-retirement benefits provided to Town employees.
B.
This Committee shall recommend to the Board of Selectmen a schedule
of appropriate and periodic communications to the general public and
the employees.
C.
This Committee shall meet with the Controller, Director of Business
and Technology Operations of the Board of Education and the Town Treasurer
to review all pertinent government accounting standards (GASB), as
well as recommendations from the investment firm concerning the Town
pension plan and retirement benefits program in order to better give
advice to the Board of Selectmen and the Board of Finance.
[Adopted 3-2-2015]
The Town of Brookfield ("Town"), in accordance with General
Statutes § 7-450(b), hereby establishes the Town of Brookfield
Other Post-Employment Benefits Trust (the "trust") to hold and invest
the assets that are set aside for the payment of other post-employment
benefits, with the trust to be administered and operated in accordance
with the provisions of Government Accounting Standards Board Statements
43 and 45, as may be amended or superseded, and pursuant to the terms
and declarations set forth in the Declaration of Trust which is, and
as amended from time to time, incorporated herein as though it was
fully set forth herein.[1]
[1]
Editor's Note: Said Declaration of Trust is on file in
the Town offices.
The Board of Selectmen shall be responsible for the oversight
of the trust and the trust assets and shall consult the Retirement
Benefits Advisory Committee in the conduct of its duties pursuant
to this article and the Declaration of Trust.[1]
[1]
Editor's Note: Said Declaration of Trust is on file in
the Town offices.