Real Estate Postcard Marketing Arkansas - PowerPoint

							         2009
  Government Member
Annual Business Session

    September 16, 2009
      Austin, Texas
         Call to Order

  Alex Turner, State of Arizona
2008-2009 Association President,
        Presiding Officer
    Approval of 2008
Business Session Minutes
                  NAGDCASTS
                  (Alex Turner)
• 3 NAGDCASTS to date
   – 403(b) Final Regulations - February
   – Legislative Update - April
   – Saving and Surviving / Education about Current Market
     September
   – Nearly 100 participants per webcast
   – Rated 8/10 for content/presentations

• NAGDCAST scheduled for Fall 2009 on Plan Sponsor
  Investment Oversight /Investment Performance

• 3 NAGDCASTS will be offered in 2010 (Topics TBD)
Overview – 2009 Committee and
     Task Force Reports
   Annual Conference
   Automation of DC Plans
   Awards
   Education
   Industry
   Investment Policy
   Legislative
   Membership
   National Save for Retirement Week
   Publications
   Survey
   Annual Conference Committee
 Edward Lilly, State of New York, Chair
 Mike Abkowitz, Great-West Retirement Services
 Kimberly Alger, ING
 Linda Barber, Nationwide Retirement Solutions
 Alex Hannah, ICMA-RC
 Doug Miller, Suffolk County (NY)
 Edward Rutherford, Larimer County (CO)
 Kurt Walten, National Association of Real Estate
  Investment Trusts (NAREIT)
 Della Williamson, State of Texas
            Annual Conference
              (Edward Lilly)
“Finding the Right Notes for Retirement”
  –   17 topics, 27 sessions
  –   Breakout sessions by plan size
  –   57 member speakers, 5 outside speakers
  –   Welcome to first time attendees
  –   Evaluation in CyberCafe or via NAGDCA’s website
      after conference
      Annual Conference (Continued)
• Number of Delegates as of 9-16 a.m.
• Number of Students as of 9-16 a.m.
• InFRE pre-conference workshop
   – Number of attendees
• Offered continuing education credits for conference
  sessions – CFP and CPE for fourth year in a row
• Booth presence by:
   – InFRE
   – IRS Outreach/Communications Team
   – Austin Concierge Table (CVB)
   – Philadelphia Concierge Table (CVB) Wednesday Only
Approval of Conference Sponsor
          Resolutions



 *List of Sponsor Resolutions
        Included in Packet
       Automation of DC Plans
            Task Force
 Kurt Walten, National Association of Real
  Estate Investments Trusts (NAREIT), Chair
 Tim Berry, State of Indiana
 Dick Davies, AllianceBernstein
 Michael Halpin, State of Maryland
 Brian McCleave, Prudential
 Polly Scott, State of Wyoming
         Automation of DC Plans
              (Polly Scott)
• Purpose of task force was to study DB-like
  features in DC plans and provide education to
  NAGDCA members
• Task force divided topic up into sections – auto
  everything, diversified investments, investment
  vehicles, and income guarantees
• Contacted plans who currently have auto
  enrollment to help develop publication
• Publication available on NAGDCA website
                  Awards
               (Carrie Pierce)

 Carrie Pierce, State of California, Chair
 Karen Becker, County of Ventura (CA)
 John Megariotis, State of New Jersey
 Iris Ward, ING
                    Awards (Continued)

• Received 53 leadership recognition award entries
   – 19 In Plan Design and Administration
   – 26 In Effective Communication
   – 8 In National Save for Retirement Week
• All entries were recognized for innovations that resulted in a sound
  improvement in their plans
• Awards publication in conference bags highlight all plans and entries
  and can also be viewed on the NAGDCA website
                   Awards (Continued)
• Top 3 nominations in each category received a Special Award of
  Distinction
   – Plan Design and Administration
   – Effective Communication
   – National Save for Retirement Week
• Congratulations to all award winners
• Plaques will be given to you and your photo will be taken on
  Wednesday night
                   Awards (Continued)

NS4RW 2009 Leadership Award Winners
Special Award of Distinction:
• Ventura County, CA
• Metropolitan Water Reclamation District of Greater Chicago
• State of New Jersey
                       Awards (Continued)
NS4RW 2009 Leadership Award Winners
Other Award Winners:

•   City and County of Honolulu, HI
•   City of Edmond, OK
•   City of Houston, TX
•   City of San Jose, CA
•   State of Florida
                        Awards (Continued)
Plan Design and Administration Leadership Award Winners
Special Award of Distinction:

•   CalPERS
•   County of San Bernardino, CA
•   State of Oklahoma
                        Awards             (Continued)
Plan Design and Administration Leadership Award Winners
Other Award Winners:

•   City and County of San Francisco, CA
•   City of Aurora Fire, CO
•   City of Aurora Police, CO
•   County of Los Angeles, CA
•   King County, WA
•   NY Metropolitan Transportation Authority
•   Multnomah County, OR
•   Oakland County, MI
•   State of Arizona
•   State of Florida
•   State of Hawaii
•   State of Michigan
•   State of New York
•   State of North Carolina
•   State of South Carolina
                    Awards (Continued)
Effective Communication Leadership Award Winners
Special Award of Distinction:
•   City of Portland, OR
•   County of San Bernardino, CA
•   State of New Jersey
                          Awards (Continued)
Effective Communication Leadership Award Winners
Other Awards:

•   CalPERS                              •   County of Los Angeles, CA
•   CalSTRS
                                         •   Johnson County, KS
                                         •   NY Metropolitan Transportation
•   City & County of San Francisco, CA       Authority
•   City of Aurora Fire, CO              •   San Diego County, CA
•   City of Aurora Police, CO            •   State of Florida
•   City of Kansas City, MO              •   State of Hawaii
•   City of New York, NY                 •   State of Indiana
•   Commonwealth of Kentucky             •   State of New Jersey
•   Commonwealth of Massachusetts        •   State of New Mexico
         Education Task Force
 Regina Hilbert, Retired, Formerly with Suffolk
  County (NY), Chair
 Linda Barber, Nationwide
 Cathie Eitelberg, The Segal Company
 Tom Potts, Baylor University
 Mary Willett, Willett Consulting
               Education Task Force
                  (Regina Hilbert)
• Developed presentation to help further education about
  the differences between public sector and private sector
  defined contribution plans
• Speakers from public and private sector visited 3
  universities this Spring
   – Concordia University – Portland
   – Southern Arkansas University
   – University of Georgia
• Evaluations from speakers, professors, and students
  rated the program very high
• Program will continue in the Fall; NAGDCA will be
  soliciting for speakers and universities who want to
  participate
             Industry Committee
 Janet Kendall, ING, President
 Kurt Walten, National Association of Real Estate
  Investment Trusts (NAREIT), Vice-President
 Michael Studebaker, Nationwide Retirement Solutions,
  Secretary
 Rod Crane, TIAA-CREF, Treasurer
 Alex Hannah, ICMA-RC, Member-At-Large
 Julie Klassen, Great-West Retirement Services,
  Member-At-Large
 Tim Rouse, Fidelity Investments, Past President
            Industry Committee
               (Janet Kendall)
• Industry Roundtable meeting – May 14-15 in Washington, DC
• Focused on legislative and operational issues facing industry
  members
   – Four discussion groups
       • Fixed Accounts in a Volatile Market: The Good, the Bad and
         the Ugly
       • Market Volatility and Retirement Plans
       • Auto-Everything
       • Fiduciary Responsibilities: New Areas of Concern
   – Outcomes from roundtable meeting are being followed up
     on by industry committee and NAGDCA Board
   – Plan to hold 6th roundtable meeting in Spring 2010
Investment Policy Task Force

 Gay Lynn Bath, State of Oregon, Chair
 Jayson Davidson, Hyas Group
 Lori Doyle, CalPERS
 Gregory Settle, Aon Investment Consulting
            Investment Policy
              (Gay Lynn Bath)

• Reviewed NAGDCA investments

• Recommended investment transfers based on
  investment policy

• Reviewed investment fund performance
     Legislative Committee
 Mindy Harris, Multnomah County (OR), Chair
 John Barry, State of Maryland
 Michelle Berklacich, State of California
 Marilyn Collister, Great-West Retirement Services
 Ralph Marsh, City of Houston
 Tim Rouse, Fidelity Investments
 Joseph Zisa, State of New Jersey
 Susan J. White, NAGDCA Legislative Counsel
               Legislative Committee
                   (Mindy Harris)
• Made contact with key legislative staff and Treasury officials
  throughout the year on pension legislation issues
   – Roth 457
• Hill visits – Executive Board and Susan J. White, NAGDCA
  Legislative Counsel
• Regular Legislative Committee meetings
• Worked to get National Save for Retirement Week resolutions
  introduced in House and Senate; working on permanent
  legislation
• Worked closely with Treasury on recommending administrative
  approach to refundable Saver’s Credit to be deposited directly
  into retirement accounts
  Membership Committee

 Eric Sanderson, Ohio PERS, Chair
 Rod Crane, TIAA-CREF
 Tara Hagan, State of Nevada
 Beth Kushner, City of New York
 Andy Silva, OptumHealth Financial Services
                   Membership
                 (Eric Sanderson)
• Focused on member retention and recruitment from 403(b)
  and local government plans
• Conducted membership satisfaction and exit survey
• Developed an e-postcard about NAGDCA for industry
  members to send to their clients.
• Exhibited at Government Finance Officers of America
  (GFOA) and plan to exhibit at Association of School
  Business Officials (ASBO) in October and Congress of Cities
  in November.
• To date, we have 14 new members. Welcome!!
  National Save for Retirement
       Week Committee
 Kandi Winters, State of Florida, Chair
 Mauriel Avina, Prudential
 Dean Carothers, Monterey County (CA)
 Brayton Connard, County of Monroe (NY)
 Jeanine Keller, City of Portland (OR)
 Pattie Price, County of Ventura (CA)
 Peter Schaffer, Davis Selected Advisors LP
 Milly Stanges, ICMA-RC
National Save for Retirement Week
             (NS4RW)
          (Kandi Winters)
• October 18-24, 2009
• Theme is “Urgent Message From Your Future”
• Your colleagues are doing it!
• We can make it easy. Materials to promote NS4RW
  are available on NAGDCA website including a
  communication plan to guide your marketing efforts.
• It works!!
• Thanks to everyone who promoted it last year!
  Everyone is encouraged to support it!!
     Public Relations Task Force
 Laura Whitlock, Great-West Retirement Services, Chair
 Barbara Healy, SST Benefits Consulting & Insurance
  Services
 Geraldine Jimenez, CalPERS
 Patrick Ray, Nationwide Retirement Solutions
 Yvonne Tate, City of Bellevue (WA)
 Robert Toomey, State of South Carolina
 Mary Willett, Willett Consulting
           Public Relations
          (Geraldine Jimenez)

• Promote & define NAGDCA

• Increase membership & participation

• Identify benefits: Government & Industry
     Public Relations (Continued)

• Developed YouTube video with testimonials
• Visit www.nagdca.org and look under News and
  Events
• Produced by Bob & Mary Willett
• Decided against maintaining Twitter & Facebook
  sites
        Public Relations (Continued)
Where now?

• Develop 2nd YouTube video to promote NAGDCA
  Annual Conference

• Clips of members being taken at this year’s
  conference to promote future conferences

• Coming to a website near you!
      Publication Committee

 Kathy Samson, State of Montana, Chair
 Ronald Campana, ING
 Regina Hilbert, Suffolk County (NY)
 Kamila Kowalke, Dow Jones
 Keith Overly, State of Ohio
 James Sia, Wellington Management Company
                 Publications
                (Kathy Samson)
Developed three new brochures (available online
and in your conference materials)
   – Is “Your Mattress” a Valid Retirement Savings Option?
   – Plan Sponsor Basics for Retirees
   – NAGDCA Plan Sponsor Brochure
              Publications (Continued)

• Developed two NAGDCA Notes – 1 page summaries of
  key issues or topics (available online)
   – 2009 RMD Waiver
   – National Save for Retirement Week


• Third NAGDCA Note to be published after annual
  conference
   – Emergency Withdrawals
          Survey Committee
 Edward Zagajeski, NY Metropolitan Transportation
  Authority, Chair
 Jane Evancho, City of Tacoma (WA)
 Rebecca Gill, Nationwide Retirement Solutions
 Marlene Hoskins, ICMA-RC
 John Nielson, Great-West Retirement Services
 David Turla, County of Los Angeles (CA)
                     Survey
                  (Ed Zagajeski)
• Two DC Plan Surveys
• Nearly a 50% response rate for both surveys
• Survey results available online
• Survey results are used as benchmarking tools and to
  help develop trends; very useful when lobbying for
  NS4RW and various legislative issues
• Important for policymakers to know what is going on
  across the country and in the “real” world
• Thanks to everyone who responded to surveys!
     2009-2010 Strategic Priorities
               (Ed Lilly)
• Executive Board meeting will be held in November
  2009
• Continued commitment to member solicitation
• Continued support of ANC Foundation
• Focus on continuing enhanced publications and
  informational materials
              2009-2010
      Strategic Priorities (Continued)
• Plan to hold industry roundtable meeting in
  Spring 2010
• Plan to hold three NAGDCASTs in 2010
• Continue marketing National Save for
  Retirement Week
• Continue marketing NAGDCA to higher
  education community
     Association Financial Overview
            (Gay Lynn Bath)

•   NAGDCA 2008 Financial Review Report
•   NAGDCA Review of Assets/Fund Balance
•   2009 Budget Review
•   Proposed 2010 Budget
                 NAGDCA Audit

• NAGDCA’s policy is to conduct an audit every three
  years; financial review is performed in other years

• Conducted financial review on 2008 financials

• No exceptions to report
                      NAGDCA Assets
                                    NAGDCA Financial Review 2003 - 2008

         $1,200,000



         $1,000,000



          $800,000
Assets




          $600,000



          $400,000



          $200,000



                 $-
                      2003   2004         2005          2006          2007   2008   Year
NAGDCA Operating Reserve

• NAGDCA’s investment policy goal is
  to have one year of expenses on
  reserve

• Operating reserve is projected to be
  at 99% at 12/31/09 and at 91% at
  12/31/10
         2009 Budget Comments
• Overall revenue for the year is projected to be down
  for the year due to membership dues and conference
  registration revenue projected to be lower than
  budgeted revenue. Expenses have been monitored
  closely and are projected to be in line with the overall
  budget for the year.

• NAGDCA is projected to end the year with a deficit of
  $59,885.

• As noted, NAGDCA is projected to have 99% of our
  operating budget in reserves at the end of 2009.
         2010 Budget Comments
Items of significance include:
• Plan to have a deficit of $77,433 for 2010
• Board reviewed budget carefully to decrease
   expenses where possible (marketing budget,
   Board budget, travel budget)
• Made sure services that directly impact
   members were not affected
• Continue offering continuing education credits at
   annual conference
• Other programming will be maintained at current
   levels
                    2009-2011
             Fund Balance Projections
                NAGDCA 2009 - 2011 Fund Balance Projections

$1,000,000
 $900,000
 $800,000
 $700,000
 $600,000
 $500,000
 $400,000
 $300,000
 $200,000
 $100,000
        $-
                2009            2010             2011           GOAL: 1 yr.
                                                              operating reserve
                                                              (based on 2009)
    2010 Budget


Approval of 2010 Budget
Nominations/Elections
   (Mindy Harris)

      2009-2010
    Executive Board
     Nominations Committee

 Mindy Harris, Multnomah County (OR), Chair
 Ralph Marsh, City of Houston (TX)
 Della Williamson, Retired Member, Formerly
  with the State of Texas
 Tony Hines, Commonwealth of Pennsylvania
 John Barry, State of Maryland
 Georgette Gestely, State of New York
   Member-at-Large

Eric Sanderson, Ohio PERS

2009-2010 Member-at-Large
2009-2010 Executive Board Slate
   President             Ed Lilly, New York
   Vice President        Gay Lynn Bath, Oregon
   Secretary/Treasurer   Julia Durand, CalSTRS
   Past President        Alex Turner, Arizona

   Previously Elected:
   Member-at-Large -1    Tom Mueller, Sanitation
                         Districts of Los Angeles
                         County
   Member-at-Large -2    Eric Sanderson, Ohio PERS
   Industry President    Kurt Walten, NAREIT
   Industry Observer     Janet Kendall, ING
Old Business
              New Business
• Approval of Constitution Amendment

• Approval of Retiree Membership Benefits
          InFRE Update
               Betty Meredith
Director of Education and Research, InFRE
2010 NAGDCA Annual Conference
      September 11-15, 2010
  Philadelphia Marriott Downtown
         Philadelphia, PA
  Hotel Reservations and
Conference Registration will
    open in April 2010
Adjournment

 THANK YOU!