Council File: 02-1048Subscribe via emailPrint this recordPublic Comment

Title
DEFERRED COMPENSATION PLAN / INVESTMENT PROVIDER CONTRACTS
Subject
Transmittal from Board of Deferred Compensation Administration relative to Deferred Compensation Plan - Investment Provider Contracts.
Date Received / Introduced
05/20/2002
Last Changed Date
11/30/2015
Expiration Date
11/18/2017
Reference Numbers
Administrative Code: Division 10 Section 10.5
Initiated by
Board of Deferred Compensation Administration
File Activities
Date Activity  
11/30/2015 Council action final. Click to view online docs
11/25/2015 Council adopted item forthwith. Click to view online docs
11/18/2015 City Clerk scheduled item for Council on November 25, 2015. Click to view online docs
11/18/2015 Personnel and Animal Welfare Committee approved item(s) . Click to view online docs
11/13/2015 Personnel and Animal Welfare Committee scheduled item for committee meeting on November 18, 2015. Click to view online docs
09/24/2015 Board of Deferred Compensation document(s) referred to Personnel and Animal Welfare Committee. Click to view online docs
09/24/2015 Document(s) submitted by Board of Deferred Compensation, as follows:

Board of Deferred Compensation Administration report, dated September 21, 2015, relative to authorize the Board of Deferred Compensation Administration to negotiate and execute contracts with total combined terms not to exceed five years for all Deferred Compensation Plan services and providers; etc..
Click to view online docs
File History
5-20-02 - For ref
5-21-02 - Ref to Personnel Committee
5-21-02 - File to Personnel Committee Clerk
6-7-02 - This day's Council session - Communication recommendation from Personnel Committee to AUTHORIZE the Chairperson, Board of Deferred Compensation Administration to:
a. Execute amendments to contracts for incumbent investment providers of the Deferred Compensation Plan's Stable Value, Large-Cap Active, Small-Cap Active and Small-Cap Passive investment managers, extending them for a six-month period, through December 31, 2002; and
b. Negotiate and execute contract terms of up to five years with any institutional investment providers selected as a result of its current Request for Proposal for Socially Responsible, Stable Value, Large-Cap Active, Small-Cap Active and Small-Cap Passive investment managers.
6-7-02 - File to Calendar Clerk for placement on next available Council agenda
6-12-02 - Council Action - Motion ADOPTED to APPROVE communication recommendation from Personnel Committee
6-28-02 - File to Personnel Committee Clerk OK
7-2-02 - File in files
3-26-04 - For ref - Communication from the Board of Deferred Compensation Administration relative to the Deferred Compensation Plan - Investment Provider Contracts.
3-30-04 - Ref to Personnel Committee
3-31-04 - File to Personnel Committee Clerk
5-21-04 - Council Action - Verbal Motion - Zine Mover 2004 / Miscikowski - ADOPTED - HEREBY MOVE that Council ADOPT the following recommendations of the Board of Deferred Compensation Administration (Item No. 24, Council File 02-1048) relative to the City of Los Angeles Deferred Compensation Plan's investment provider contracts:
1. AUTHORIZE the Board of Deferred Compensation Administration to execute a five-year contract with Hartford Life Insurance Company to continue providing investment management services through June 30, 2009.
2. AUTHORIZE the Board of Deferred Compensation Administration to extend the City?s current contract with Galliard Capital Management (previously approved by the Council for a five-year contract term through December 31, 2008) for an additional six months, through June 30, 2009, to coincide with the term of the Hartford contract.
3. AUTHORIZE the Board of Deferred Compensation Administration to extend the City?s current contract with Great-West Retirement Services (previously approved by the Council for a five-year contract term through June 30, 2004) for an additional six months, through January 1, 2005, if necessary.
4. AUTHORIZE the Board of Deferred Compensation Administration to release a Request for Proposal in 2004 for a five-year third-party-administrator contract for the Deferred Compensation Plan, negotiate and execute a five-year contact for the selected provider.
5. REQUEST the City Attorney to prepare and present an Ordinance amending Los Angeles Administration Code Division 10, Section 10.5, "Contracts General," to authorize the Board of Deferred Compensation Administration to execute contract terms of up to five years in length for the administration of, or investment management services related to, the City of Los Angeles Deferred Compensation Plan. (Personnel Committee waived consideration of the above matter)
6-8-04 - File in files
7-8-04 - For ref - Communication from the City Attorney R04-0293 relative to an ordinance amending the Los Angeles Administrative Code Section 10.5 of Division 10 authorizing the Board of Deferred Compensation Administration to execute contract terms of up to five years in length for the administration of, or investment management services related to the City of Los Angeles Deferred Compensation Plan.
7-9-04 - Ref to Personnel Committee
7-9-04 - File to Personnel Committee Clerk
4-13-07 - For ref - Communication from the City Attorney R07-0123, dated April 13, 2007, relative an ordinance amending Section 10.5 of the Los Angeles Administrative Code, authorizing the Los Angeles Board of Deferred Compensation to execute contract terms not to exceed five years for certain services.
4-18-07 - Ref to Personnel Committee - to Committee Clerk
8-10-07 - Council Action - CONTINUED to AUGUST 14, 2007
8-14-07 - Council Action - Personnel Committee report ADOPTED *AS AMENDED, SUBJECT TO THE APPROVAL OF THE MAYOR to:
PRESENT and ADOPT the accompanying ORDINANCE amending Subsection (a) of Section 10.5 of the Los Angeles Administrative Code allowing the Los Angeles Board of Deferred Compensation to contract for the administration of, and investment management services related to, the City of Los Angeles Deferred Compensation Plan for periods of up to five years.
8-14-07 - Council Action - *Verbal Amending Motion - Zine Mover 2007 / Parks - ADOPTED - HEREBY MOVE that Council AMEND the Personnel Committee report (Item #52, CF 02-1048) relative to authorizing the Los Angeles Board of Deferred Compensation to execute contract terms not to exceed five years for certain services to REQUEST the City Attorney to amend the ordinance to apply only to investment management contracts - Ordinance to be Presented on AUGUST 17, 2007.
8-15-07 - For ref - Communication from the City Attorney R07-0305, dated August 15, 2007, relative to an ordinance amending Section 10.5 of the LAAC, authorizing the Los Angeles Board of Deferred Compensation to execute contract terms not to exceed five years for certain services.
8-15-07 - Ref to Personnel Committee - to Committee Clerk
8-17-07 - Council Action - Verbal Motion - Zine Mover 2007 / Parks - ADOPTED - HEREBY MOVE that Council APPROVE the recommendation of the City Attorney (Item #61, CF 02-1048) relative to contract investment services related to the City of Los Angeles Deferred Compensation Plan:
PRESENT and ADOPT the accompanying ORDINANCE amending Subsection (a) of Section 10.5 of the Los Angeles Administrative Code, allowing the Los Angeles Board of Deferred Compensation to contract with investment management services related to the City of Los Angeles Deferred Compensation Plan for periods up to five years - Ordinance ADOPTED.
8-23-07 - File to Mayor for signature FORTHWITH
9-5-07 - File to Council and Legislative Processing Clerk
9-10-07 - File to Personnel Committee Clerk OK
9-17-07 - File in files

Scroll Vote Left Council Vote Information (5 Votes) Scroll Vote Right

Meeting Date: 11/25/2015
Meeting Type: Regular
Vote Action: Adopted
Vote Given: (12 - 0 - 3)
Member Name CD Vote
BOB BLUMENFIELD 3 YES
MIKE BONIN 11 YES
JOE BUSCAINO 15 YES
GILBERT A. CEDILLO 1 ABSENT
MITCHELL ENGLANDER 12 YES
FELIPE FUENTES 7 ABSENT
MARQUEECE HARRIS-DAWSON 8 YES
JOSE HUIZAR 14 YES
PAUL KORETZ 5 YES
PAUL KREKORIAN 2 ABSENT
NURY MARTINEZ 6 YES
MITCH O'FARRELL 13 YES
CURREN D. PRICE 9 YES
DAVID RYU 4 YES
HERB WESSON 10 YES