Special Notice / Hearing: None__
Vote Required: Majority
To: Honorable Board of Supervisors
From: Supervisor Carole Groom
Subject: Reappointments to the Board of Retirement of the San Mateo County Employees' Retirement Association (SamCERA)
RECOMMENDATION:
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Recommendation for the reappointments of Ben Bowler (Fifth Member) for a fourth term, and Kurt Hoefer (Ninth Member) for a second term, to the Board of Retirement of SamCERA, each for a term ending June 30, 2022.
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BACKGROUND:
The Board of Retirement serves as fiduciary for the members of SamCERA and as a prudent administrator of the retirement fund. Four of the nine members of the Board are appointed for a term of three years. The term for these two reappointments would end June 30, 2022.
DISCUSSION:
Ben Bowler is the Treasurer of Matson, Inc. and is seeking reappointment for his fourth three-year term. Kurt Hoefer is partner at investment adviser Golub Group, LLC and is seeking reappointment for his second three-year term. Both members’ terms are currently set to expire on June 30, 2019.
These reappointments contribute to the 2025 Shared Vision statement of a Collaborative Community. Our diverse population works well together to build strong communities, effective government and a prosperous economy, civic engagement - including voting, public service, charitable giving, volunteerism, and participation in public discussions of important issues - is uniformly high among the diverse population of San Mateo County.
FISCAL IMPACT:
None.