Retirement Oversight Committee

Membership

Kelley Snook, Chair, SHA Consulting Firm
Renee Boelcke, Director of Human Resources
Jan Tobochnik, Dow Distinguished Professor of Physics
Terri Cox, Accounting Associate
Joe Fugate, Retiree

Purpose


To ensure that the College meets its fiduciary responsibilities and provides employees with appropriate retirement benefit options and to formalize our efforts as fiduciaries to meet ERISA’s “prudent person” standard and operate our plans in the interests of plan participants and beneficiaries.

Term


With the exception of HR and Business Office staff, each member will serve a 2-4 year term.


Membership Requirements


Members are expected to have a broad, institutional perspective rather than narrow or personal interests. Members will attain basic knowledge about investment benefits offered by the College, and will analyze and review investment programs, taking into consideration diverse needs of various constituencies and budgetary limitations.

Members are expected to meet the following standards:
• Some familiarity and basic knowledge in investments.
• Ability to understand and be conversive in the plan documents.
• Ability to place the interests of plan participants, and their beneficiaries, above personal interests.
• Members need to be willing and able to devote time each quarter to executing the committee’s charge. Time might be spent via email and/ or attending at least one meeting per quarter.