MINUTES OF THE MEETING OF THE
GOVERNING BOARD OF THE
COLORADO RETIREMENT ASSOCIATION
The monthly meeting of the Governing Board of the Colorado Retirement Association was held at 8:30 a.m. on the 15th day of November 2019 at the office of the Association.
The following were present at the meeting:
- Lucas Hale, Board Chairman- In person
- Chris Felton, Board Member- In person
- Paul Danley, Board Member- In person
- Tobe Allumbaugh, Board Member- In person
- Scott Vargo, Board Member- In person
- Jerry DiTullio- Board Member-By teleconference
- Darius Allen- Board Member- In person
- Elizabeth Price, Executive Director- In person
- Tim Mullen, Chief Financial Officer- In person
- Ed Krisor, Legal Counsel- In person
- Dawn Small, MARCOM Director- In person
- Lois Kruse, Office Administrator- In person
Lucas Hale called the meeting to order at 8:34 a.m.
A motion was made by Tobe Allumbaugh to approve the minutes of September 20, 2019 as presented.
The motion was seconded by Chris Felton and passed unanimously.
Presentation was made by Rob Dwyer and the Empower team regarding marketing services that are available.
A motion was made at 9:09 a.m. by Tobe Allumbaugh to go into Executive Session Pursuant to 24-6-402(4)(e) (l) C.R.S. for the purpose of negotiating a contract with Empower. Motion was seconded by Chris Felton and passed unanimously.
A motion was made by Scott Vargo to come out of Executive Session, seconded by Paul Danley and passed unanimously.
Out of Executive Session at 10:15a.m.
A motion was made by Jerry DiTullio and seconded by Lucas Hale to accept the recommendation of Elizabeth Price regarding a personnel matter.
The motion passed unanimously with Darius Allen abstaining.
At 10:41 a.m. a motion was made by Paul Danley to go into Executive Session Pursuant to 24-6-402(4)(b) C.R.S. for the purpose of discussion with and advice from legal counsel regarding staff personnel matters.
The motion was seconded by Chris Felton and passed unanimously.
Out of Executive Session at 11:17 a.m.
Joan Green, Legislative Lobbyist, gave a Legislative update.
Executive Director Update was given by Elizabeth Price, and included an update on the progress of items in the strategic plan.
A short MARCOM update was given by Dawn Small.
The CFO Update was given by Tim Mullen.
Plante & Moran presented the 2019 Annual Audit report to the Board.
A motion was made by Jerry DiTullio and seconded by Scott Vargo to accept the audit as presented. Motion passed unanimously.
Plan & Participant Agreement Revisions and Restatements were presented by Tim Mullen.
Formatting has been cleaned up in these documents and the participation agreements will be forthcoming from Holland and Hart in the next 2 weeks.
Ed Krisor presented the Entity Qualification Review for the 21st Judicial District. The Board approved acceptance of the 21st Judicial District at the September 20, 2019 meeting.
Expenses reports were reviewed by the board with no discussion.
The next meeting of the CRA will be held on the 13th day of December at the office of the Association.
There being no further business to come before the Board, a motion was made to adjourn sand passed unanimously.
The meeting was adjourned at 1:03 p.m.
