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 30^th, 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, 2^nd and 3^rd members are members of the Retirement Association; 4^th, 5^th, 6^th, and 9^th members must be qualified electors not connected with County Government, except one may be a Supervisor; 7^th member is a safety member, 8^th 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.