SUMMIT 2016

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DSEA DOVER OFFICE

136 E. Water St.
Dover, DE 19901

Please join other Union Local leadership and concerned friends as we meet with Delaware State Treasurer Ken Simpler and members of the Deferred Compensation Council to discuss recent changes to Delaware School Employee Retirement Plans.

 The tentative agenda will be:

4 to 4:45- Meet and Greet
4:45 to 6- Treasurer/Committee presentation
6 to 6:45- Question and answer session
6:45 to 7- Next steps. After saying farewell to our guests, we will use this opportunity for our coalition to go over the evenings information and plan our next steps.

Please RSVP to me by email or Text/Call. We will have refreshments for our meet and greet and want to try and get a solid count.
Thank you again for all you have been doing…WE HAVE MADE A DIFFERENCE ALREADY!!
-Danny

DCC Meeting Minutes PART 1… Lets Take Attendance

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MINUTES FROM MEETING OF
THE DEFERRED COMPENSATION COUNCIL May 3, 2016

2016-5-3 DCC Public Minutes FINAL

A meeting of the Deferred Compensation Council (the “Council”) was held May 3, 2016 at 9:00 AM in the Conference Room of the Office of the State Treasurer (“OST”)
820 Silver Lake Blvd., Suite 100, Dover, DE 19904

All Board Members Represented or in Attendance:
The Honorable Ken Simpler, State Treasurer
The Honorable Karen Stewart, Insurance Commissioner
Mr. Ralph Cetrulo, Public Member At-Large
Secretary Thomas J. Cook, Department of Finance
Mr. Robert Scoglietti (on behalf of Director Visalli, Office of Management & Budget)                                                                                                                                                    Mr. Charles Campbell-King, State Employee Member At-Large

As you can see above, only 6 Council members in attendance.  It is being reported that All board Members in attendance, but please remember, Governor Jack Markell has left the second State Employee Seat VACANT!!

Others in Attendance:
Ms. Ann Marie Johnson, Deputy Attorney General
Ms. Nora Gonzalez, Deputy State Treasurer, Office of the State Treasurer
Mr. Michael Green, Financial Investment Program Manager, Office of the State Treasurer Mr. Dan Kimmel, Financial Investment Program Specialist, Office of the State Treasurer Ms. Martha Sturtevant, Office of the State Treasurer
Mr. Omar Masood, Policy Analyst, Office of the State Treasurer
Ms. Jennifer Vaughn, Controller, Department of Insurance
Ms. Rebecca Kidner, RB Kidner, PA representing Valic
Doug Gramiak, Young Conaway Stargatt & Taylor, LLP representing NTSA
Lisa Goodman, Young Conaway Stargatt & Taylor, LLP representing NTSA
Ms. Kasi Boyles, Voya Financial

This is very interesting.  Notice that the treasurers office was well represented at the last meeting.  I count 6 staff members from the Treasurers office.  The Delaware Legal Community seems to be heavy in attendance as well.  We have the Deputy Attorney General, and at least 3 individual attorneys from various places.  Controller from the Insurance Department, and lastly a representative from VOYA Financial, the proposed single vendor.

This is a very impressive group of professionals.  I have no doubt that they have good intentions,  are well informed, and have have integrity and warrant respect, however the question remains…. WHERE ARE THE STAKEHOLDERS? 

There was NO TEACHER ON THE COMMITTEE AND THERE WAS NO TEACHER IN THE ROOM!  Decisions are being made without any care given to those effected the most.

There was no one to represent the current vendors!  These are companies and individuals that Delaware Teachers have been dealing with for years.  They have established trust and have provided service and guidance.  These people should have also had some say in what is happening!

BANKERS AND LAWYERS AND POLITICIANS….  OH MY!!! MEANWHILE STATE WORKERS ARE LEFT IN THE DARK!!!

We must continue to try and make our voices heard!

Please continue to visit our social media outlets and contact our legislators.  We have to slow this down.  This issue needs more time and attention! Together we can do this!!

CONSIDER A CALL TO ACTION…

Send a letter to Representatives and Senators in Dover

USE THIS LINK…

SEND A MESSAGE TO YOUR LEGISLATOR!

http://www.congressweb.com/NTSAA/20

Join the group…

FACEBOOK GROUP Delaware School Employees United for Retirement Choice

Or like our page…

FACEBOOK PAGE Delaware School Employees United for Retirement Plan Choice

INQUIRING MINDS WANT TO KNOW…UPADATE!!!

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The BIG question… WHO WAS ON THE COUNCIL?

UPDATE…

Special thanks to the responsiveness of both the Department of Finance and the Treasurers Office for Providing me with the link to the Public records of the Deferred Compensation Council.

Here are the members who served on the now infamous 7 person council that holds so many State Employees retirement options in the palm of their hands.

We know that by law 4 of the members are “Ex-Officio” members…

karen_weldin_Stewart.jpg.300x400_q85_box-125,0,1257,1512_crop_detail Insurance Commissioner Karen Weldin Stewart (302) 674-7300

Tom_Cook Thomas J. Cook – Secretary of Finance (302) 577-8546

FullSizeRender copyMr. Robert Scoglietti Office of Management & Budget (302) 739-4204

1435052688 Ken Simpler- State Treasurer 302 672-6000

The other 3 members of the Council shall be appointed by the Governor.

IMG_8968 State Employee Number 1 Charles Campbell-King

empty-chair  Empty Seat for State Employee Number 2

FullSizeRender Representative of the public-at-large Ralph Cetrulo

So the 7 person Oligarchy was really a 6 person group that controls the financial future and stability of thousands of State Employees.

YOU MAY EMAIL THE COUNCIL AT  Deferred Compensation Team

I had filed Freedom Of Information Act (FOIA) forms with the following State Offices.  State Treasurer, Insurance Commissioner, Office of Management and Budget, Department of Finance, and Governor Jack Markell’s Office.  Both the Finance Department and Treasurers Office where very helpful!  This information is publicly available at https://egov.delaware.gov/pmc/.  At that site you can access agendas, names of council members, and meeting minutes by searching for the Deferred Compensation Council.

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Here are the documents that are available on the Deferred Compensation Website.

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cammack_rfp_recommendation(1)

Sunlight is the best disinfectant.  Lets see the meeting minutes and agenda items from these high power meetings.  Stay Tuned…