Pedernales Electric Cooperative – Board of Directors Meetings

File #: 2021-379    Version: 1 Name:
Type: Action Item/Other Items Status: Agenda Ready
File created: 8/23/2021 In control: Board of Directors
On agenda: 9/17/2021 Final action:
Title: Plan Administration Committee (PAC) Update by Committee Chairperson - B Dawson
Attachments: 1. 2021-09-17 PAC Activity Report to BOD
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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.