Thank you for bearing with me over the last few days. After our summit last week with the Treasurer, I had to spend a few well deserved days with the family, and on Monday morning, began to deal with House Bill 399 dealing with Component 5 issues. Now that the dust has settled, I want to let everyone who was not able to attend our meeting know how it went.
First of all another THANK YOU to Treasurer Simpler and his team. They were able to address our group concerns and offer some valuable insight into the process and the reasons for the retirement plan changes.
I also want to say THANK YOU to our DSEA hosts! Their hospitality and attention to detail helped make the Summit successful from a logistic perspective, and they also helped out with refreshments.
A HUGE SHOUT OUT to Tammy Wagner of DSEA and Martha Sturtevant from the Treasurers office. Both of these wonderful ladies helped me set up the Summit, and were extremely patient and kind!
The Summit began with a meet and greet. We had well over 30 people in attendance. As the group began to settle in Treasurer Simpler was introduced and was given an opportunity to share some of his background and the process under which the Deferred Compensation Committee worked. It is important to point out the Treasurer Simpler did outline who the specific members of the DCC were, and did explain that there was indeed a missing member of the committee , which traditionally had been a teacher. He spent a great deal of time going over the “Fiduciary” nature of his position on the DCC.
There have always been sayings like “Pesto is the quiche of the 90’s” and “Orange is the new black”, so here is a new one for our lexicon….. “Fiduciary is the because I said so “of today!
1. involving trust, especially with regard to the relationship between a trustee and a beneficiary. “the company has a fiduciary duty to shareholders”
archaicheld or given in trust.“fiduciary estates”
Finance(of a paper currency) depending for its value on securities (as opposed to gold) or the reputation of the issuer.
1. a trustee.
In the news…
The ‘fiduciary rule’ would force financial professionals to charge their customers more.
Contact The Deferred Compensation Committee
Join the group…
Or like our page…
Lets continue to work together over the next few months so that more and more of our members and friends get the information.