The City's Def.
Comp. Plan is overseen by the Deferred Compensation Committee. The
Committee consists of five members: three elected by City employees and two
appointed by the City Council, who is the Trustee for the Plan (Click
here to see the Trust Agreement).
The
elected members are:
Steve
Mermell, Department of Finance, Committee Chair, 744-6760
Paula
Hanson, Department of Finance, 744-4336
Robert Gorski,
Human Resources, 744-4782
The appointed members are:
Karyn E. Rodriguez, Avery Dennison
David
Goodrich, Parsons
The Committee meets quarterly in the Finance Conference Room.
Dates and times are posted and are available by contacting Veronica
Jones at 744-4350.
The Def. Comp. Plan is administered by the Department of Finance.
The Director of Finance, is the Plan Administrator.
Hartford Life
Deferred Compensation Investments are provided through the Hartford. Account
services including the increase or
decrease of deferral amounts, roll-outs/roll-ins, transfer between investment
options, and requests for hardship withdrawals should be directed to
Hartford. You may contact Hartford several different ways:
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Online at www.retire.hartfordlife.com
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Hartford's call center (800) 528-9009
-
Glenn Saito, Pasadena's local Hartford
account representative (866) 429-0382 ext. 21. Glenn routinely visits
city offices. For dates, times and locations contact the Department of
Finance.
Additionally, Guy
Horner of the Horner Johnson Group (800)
933-6170 is available to provide individual investment advice. Guy and his
associates have developed a model asset allocation which is updated from time to
time to reflect changes in the investment climate.
Click
here to view the latest model allocation.
The Current rate on the Hartford General (Declared Rate) Account is 4%.
Want to increase or decrease your deferrals or change beneficiaries? Click
here to get a copy of the Change Form.
Need to make a withdrawal request due to Retirement, Termination, Unforeseen
Emergency, Divorce, or upon reaching 70 1/2 years of age? Click here to get a
copy of the Withdrawal Request Form.
Click here to get the
Ticker
symbols for investment options.
Purchase of PERS service credit
Did you know you may use your Deferred
Compensation funds to purchase PERS service credit. Click this link to CalPERS
and after walking through the initial screens click the link for 'service credit' to learn more.
Library's Internet Resources
Did you know a world of information
on investing is available through the Pasadena Public Library web page. Click
here and find out.
Other Links:
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