Deferred Compensation Advisory Committee (COH Employees)
Department of Finance and Administration
611 Walker St, 11th Floor
Houston, TX 77002
Contact: Sherry Mose
Phone: (713) 837-9664 Fax: (713) 837-9664
Email: Sherry.mose@cityofhouston.net
Updated as of: 6/23/2009
LEGAL AUTHORITY FOR CREATION AND OPERATION(City)
Chapter 609 of the Texas Government Code. City of Houston Ordinance No. 2002-0403.
GENERAL POWER AND DUTIES
The duties of the Committee are as follows:
1. To review and determine unforeseen emergency appeals filed by Participants.
2. To recommend investment options offered to Participants in the 457 Plan to have final approval by the Finance Director.
3. To meet with the Administrator to review the status of this Plan.
4. To perform other duties assigned to it by the Finance Director. With the consent of the Director, the Committee may expand funds to fulfill its desires.
MEETING TIME AND LOCATION
The Committee shall meet four times a year as determined by the Committee’s membership.
COMPOSITION
The Committee shall be comprised of seven members. The Committee is composed of a member of the City Council; the director of the Finance Department or his or her designee; the director of Human Resources or his or her designee; the Mayor or his or her designee; and three Employee Participants (one or more of whom may be retired) in the Plan. The Mayor shall appoint and the City Council shall confirm the appointment of Positions one through four. Positions five through seven are to be appointed by the Mayor with the confirmation of the City Council and shall serve at the pleasure of the Mayor.
The City Attorney or his or her designee shall serve as counsel to the Committee.
Position 1. A City Council Member.
Position 2. The Director of the Department of Finance or his or her designee.
Position 3. The Director of Human Resources or his or her designee.
Position 4. The Mayor or his or her designee.
Position 5. An Employee participant in the Plan (Employee participant may be retired).
Position 6. An Employee participant in the Plan (Employee participant may be retired).
Position 7. An Employee participant in the Plan (Employee participant may be retired).
TERM: The members of the Committee remain members so long as they occupy their official positions with the City or until removed by the Mayor.
CHAIRPERSON: The Committee must elect annually a chairperson and a vice-chairperson from among its members.
FINANCIAL ACCOUNTABILITY
Entity is NOT included in the financial reporting for the City of Houston.
MEMBER LIST