A permanent Retirement Benefits Advisory Committee is hereby
established by the Town of Brookfield. The purpose of this Committee
is to render advice to the Board of Selectmen and the Board of Finance
on issues concerning the Town's pension program and other post-retirement
benefits provided to Town employees.
The Committee shall elect its Chairman and any other officers
it requires from its membership.
The Committee shall establish its own meeting schedule, and
will meet no less than once per calendar quarter. All meeting schedules
and agendas shall be made available to the public in advance, in accordance
with the Town Charter and state statutes. The presence of three voting
members shall constitute a quorum. Meetings shall be open to the public,
and public comment shall be allowed at all meetings. Minutes of meetings
shall be kept and filed in accordance with the Town Charter and state
statutes, as applicable. The Committee may also establish bylaws and
rules of procedure as appropriate.
The Town of Brookfield ("Town"), in accordance with General
Statutes § 7-450(b), hereby establishes the Town of Brookfield
Other Post-Employment Benefits Trust (the "trust") to hold and invest
the assets that are set aside for the payment of other post-employment
benefits, with the trust to be administered and operated in accordance
with the provisions of Government Accounting Standards Board Statements
43 and 45, as may be amended or superseded, and pursuant to the terms
and declarations set forth in the Declaration of Trust which is, and
as amended from time to time, incorporated herein as though it was
fully set forth herein.
The Board of Selectmen shall be responsible for the oversight
of the trust and the trust assets and shall consult the Retirement
Benefits Advisory Committee in the conduct of its duties pursuant
to this article and the Declaration of Trust.
The Town delegates the duties of Trustees of the trust to the
Town Controller and Town Treasurer, whose duties are as set forth
in the Declaration of Trust and as required by law.