Staff Advisory Council Minutes
Thursday, January 13, 2011 1:00 p.m.
LaFortune Student Center
Present: Barb Wadley, Lisa Turner, Peggy Lant, Joe Negri, Sandy Sarber, Kathy Seymour, Char-anna Koblick, Kathy Troth, Joe Wheeler, Diana Singleton, Patty Smith, Penny McIntire, Tami Springer, Jody Klontz, Adele Almaguer, Jan Solkey, Jean Rinehart, James Stevens
Excused: Marie Revak
Unexcused: Fred Sonneborn
HR Liaison: Lori Maurer
I. Call to Order
The meeting was called to order at 1:04 p.m. by Patty Smith.
New SAC members James Stevens, Jean Rinehart and Jan Solkey were welcomed. SAC thanked outgoing members Roxie Litteral, Shari Herman and Penny McIntire for their service. It was announced that Lisa Turner will be leaving SAC due to a job change.
Approval of December 2010 Council Minutes
Minutes were approved with noted changes - motion by Kathy Troth and 2nd by Kathy Seymore
The next meeting is in February
The plan is to meet with the woman in Plymouth next week regarding the jeans squares from Operation Quiet Comfort. Just want to take a sample back to the schools to show what it looks like.
SAC discussed the idea of doing Operation Quiet Comfort every other year. SAC also discussed their involvement in April’s Relay for Life.
No additional funds will be available until February. 2 requests came through in January with one being approved.
III. New Business
Denise Murphy, Director of Compensation and Benefits, Maureen Wildey, Benefits Manager and Scott Malpass, Vice President and Chief Investment Officer, were guests of SAC. Denise reviewed the basics and formula of the University’s pension plan. Maureen discussed and distributed information regarding Your Pension Plan “YPR” and how to access information about your pension online. Scott described his office and their duties/activities related to managing the University’s money to SAC. He stated that the Board of Trustees receives and approves quarterly reports from him. He described a very good “governance” structure that is in place. Scott reported that the University spends 5 million dollars a year on retiree pensions. 8 million dollars was paid into the plan this past year. Scott then reviewed growth and declines in the plan since 1990 and discussed performance and asset allocation. He also shared the market outlook, his strategic objectives and approach regarding the pension fund. Scott, Denise and Maureen answered many questions from the group and a great discussion followed.
The SAC annual report was distributed and reviewed. A motion to approve the report was made by James Stevens with a 2nd by Diana Singleton.
SAC officer nominations took place with the following results:
Jody Klontz-Vice Chair
IV. Old Business
Doug Marsh was contacted regarding the speed bump installation by St Michael’s Laundry and Stepan Center. Doug stated that it things are delayed due to the asphalt plants being shut down for the winter.
The Holy Cross Harvest Food Drive was a success and will be repeated next year.
Motion to adjourn at 3:05 by Penny McIntire and 2nd by Jody Klontz