Missouri Code of State Regulations › Title 16 - RETIREMENT SYSTEMS › Division 50 - The County Employees' Retirement Fund › Chapter 1 - Organization and Operation of the Board of Directors › Section 16 CSR 50-1.010 - General Organization

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This amendment updates the contact
				  information for the Executive Director as the contact person for the plan
				  administrator. (2) Meetings of the Board. The board of directors of the County
				  Employees' Retirement Fund, hereafter "board," shall hold regular quarterly
				  meetings at a location to be designated by the board and special meetings at
				  times as may be necessary on call of the chairman or by three (3) members
				  acting jointly and notifying the chair, in writing, of their desire to meet,
				  upon due and reasonable notice. In the event three (3) members act to request a
				  meeting, their written notification to the chair may be served by either United
				  States mail or facsimile transmission. The chairman shall publicize through
				  appropriate channels the time and place of the meetings of the board. All
				  meetings of the board of directors shall comply with Chapter 610, RSMo.
				  Information concerning meetings or rules may be obtained by contacting the
				  County Employees' Retirement Fund Administrative Office, 2121 Schotthill Woods
				  Drive, Jefferson City, MO 65101. Information concerning operations of the
				  system may be obtained by writing or calling the CERF plan administrator. The
				  contact person for the plan administrator is the Executive Director of the
				  County Employees' Retirement Fund. The Executive Director may be reached by
				  mail at 2121 Schotthill Woods Drive, Jefferson City, MO 65101, or by telephone
				  at (573) 632-9203.
(1)
				Description of the Board. The board of directors consists of eleven (11)
				directors, two (2) of whom shall be appointed by the governor, with the advice
				and consent of the Senate, but who shall have no beneficiary interest in the
				system. The remaining nine (9) directors shall be elected by the membership of
				the County Employees' Retirement Fund (CERF). These remaining nine (9)
				directors shall include an elected official or an employee of an elected
				official representing the elective county offices, but none of these offices
				may have more than one (1) elected official or representative serving at a
				given time.
(2) Meetings of the
				Board. The board of directors of the County Employees' Retirement Fund,
				hereafter "board," shall hold regular quarterly meetings at a location to be
				designated by the board and special meetings at times as may be necessary on
				call of the chairman or by three (3) members acting jointly and notifying the
				chair, in writing, of their desire to meet, upon due and reasonable notice. In
				the event three (3) members act to request a meeting, their written
				notification to the chair may be served by either United States mail or
				facsimile transmission. The chairman shall publicize through appropriate
				channels the time and place of the meetings of the board. All meetings of the
				board of directors shall comply with Chapter 610, RSMo. Information concerning
				meetings or rules may be obtained by contacting the County Employees'
				Retirement Fund Administrative Office, 2121 Schotthill Woods Drive, Jefferson
				City, MO 65101. Information concerning operations of the system may be obtained
				by writing or calling the CERF plan administrator. The contact person for the
				plan administrator is Sarah J. Maxwell, Executive Director. Ms. Maxwell may be
				reached by mail at 2121 Schotthill Woods Drive, Jefferson City, MO 65101, or by
				telephone at (573) 632-9203.
(3)
				Election of Officers. The board of directors, at the first regular meeting of
				each year, or at a special meeting, shall elect a chairman, vice-chairman, and
				secretary to serve for a period of one (1) year commencing upon their election
				to office. The chairman shall preside at all meetings of the board; except that
				in the absence of the chairman, the vice- chairman shall preside. In the event
				of a vacancy in one (1) of the officers' positions, that vacancy will be filled
				at the next regular meeting by election.
(4) Quorum. A quorum required for a meeting
				of the board of directors shall consist of six (6) members. Each director shall
				be entitled to one (1) vote on any matter requiring a decision by the board and
				a majority of concurring votes among the directors present shall be necessary
				for a decision.
(5) The custodian
				of records for the County Employees' Retirement Fund is its plan administrator.
				Anyone wishing to obtain information or make submissions or requests may do so
				by contacting the County Employees' Retirement Fund, Plan Administrator, 2121
				Schotthill Woods Drive, Jefferson City, MO 65101, or by calling (573)
				632-9203.
*Original authority: 50.1032, RSMo
					 1995.