COUNTY OF SAN MATEO

Inter-Departmental Correspondence

Board of Supervisors

 

DATE:

January 11, 2006

BOARD MEETING DATE:

January 23, 2006

SPECIAL NOTICE/HEARING:

No

VOTE REQUIRED:

Majority

 

TO:

Honorable Board of Supervisors

FROM:

Rich Gordon and Jerry Hill

SUBJECT:

Appointment to the Employee’s Retirement Board

 

RECOMMENDATION:

It is recommended that Scott M. Lee be appointed to the Employee’s Retirement Association Board. Scott M. Lee is recommended to the vacant Member position that ends on June 30th, 2007.

 

VISION ALIGNMENT:

These appointments contribute to the County’s Shared Vision statements:

1) Our diverse population works well together to build strong communities, effective government and a prosperous economy;

2) Civic engagement -- including voting, public service, charitable giving, volunteerism, and participation in public discussions of important issues -- is uniformly high among the diverse population of San Mateo County.

 

DISCUSSION:

The Employee’s Retirement Board is comprised of nine members. The first member is the County Treasurer, 2nd and 3rd members are members of the Retirement Association; 4th, 5th, 6th, and 9th members must be qualified electors not connected with County Government, except one may be a Supervisor; 7th member is a safety member, 8th member is a retired member.

It is recommended that Scott M. Lee be appointed to the vacant position as a qualified elector not connected with County Government. Mr. Lee is a Chartered Financial Analyst and a Senior Vice President at Franklin Templeton Investments. He has been a citizen of San Mateo County for 34 years and has over 12 years experience in the financial services industry.

 

FISCAL IMPACT:

There is no fiscal impact.