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Committee approves revised governance for city deferred‑compensation plans, adds participant seats
Summary
The Finance Committee approved revised rules to restructure the deferred compensation committee, add plan‑participant representatives, and set quarterly oversight to review plan performance and options.
The Aurora Finance Committee on Aug. 28 approved revised rules for administering the city’s deferred compensation plans that restructure the oversight committee and add participant representation.
Dan Ferguson, accounting manager, said the committee was first established in February 2003 and that the market for deferred compensation has changed substantially since then. Under the revised rules the voting committee will continue to include the chief financial officer/city treasurer and the chief…
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