Title
Plan Administration Committee (PAC) Update by Committee Chairperson - B Dawson
Other Info
Submitted By: Audri Nelson on behalf of B Dawson
Department: Human Resources
Financial Impact and Cost/Benefit Considerations: N/A
Discussion
Pursuant to Board resolution (October 2020) delegating fiduciary authority and approving the Responsibilities of and Guidelines for Appointment of Members of the Pedernales Electric Cooperative, Inc. Plan Administration Committee (“PAC”), the PAC “report[s] annually to the Board on its work for the Board’s overall monitoring of the operation of the PAC” and employee benefit plans.
The PAC administers the fiduciary administrative and investment decisions for PEC plans, including implementation, strategies and objectives of the PEC plans’ investments, providers and operations.