SUBJECT/RECOMMENDATION:
Title
Appoint Laurie Watson to the City of Clearwater Defined Contributions Plans Fiduciary Investment Committee with a term expiring June 4, 2030. (consent)
Body
SUMMARY:
APPOINTMENT WORKSHEET
BOARD: City of Clearwater Defined Contribution Plans Fiduciary Investment Committee
TERM: 4 years
APPOINTED BY: City Council
RESIDENCY REQUIREMENT: City of Clearwater
CONTACT: Jay Ravins, Finance Dir.
BOARD DETAILS: The Committee acts pursuant to delegated authority by the Plan Sponsor to satisfy the obligations of the Plan Sponsor under applicable federal laws and regulations, including relevant sections of the Internal Revenue Code of 1986, as well as all applicable state laws, as follows: establishing and maintaining the Investment Policy statement; selecting investment options, fees, and rates;
Selecting investment managers; periodically evaluating the Plan's investment performance and recommending investment option, fee and rate changes; and providing Plan participant investment education and communication.
APPTS. NEEDED: 1
THE FOLLOWING INDIVIDUALS HAVE SUBMITTED APPLICATIONS:
1. Njallssen Lionheart - 2714 Lakebreeze Ln S, 33759 - Teacher
2. Carrie Nelson - 1216 S Missouri Ave, #223 - Retired HR Consultant
3. William Johnson - 2126 Druid Rd E, #4105, 33764 - Accounting Manager
4. Laurie Watson - 2699 Meadow Wood Dr, 33761 - Retired Institutional Financial Services Client Service
At the June 1, 2026 work session, there was council consensus to appoint Ms. Watson. Staff was directed to place the item on the Consent Agenda.