HomeMy Public PortalAboutR2018 R E S O L U T I O N NO. 2018
WHEREAS, the Metropolitan St. Louis Sewer District,
pursuant to Ordinance No. 8045 adopted March 23, 1990, provides
for the benefit of its employees a Deferred Compensation Plan in
compliance with Section 457 of the United States Internal Revenue
Code ("Code"), and
WHEREAS, in order to remain in compliance with the
Code, compensation deferred under said Deferred Compensation Plan,
shall at all times remain the sole asset of the Metropolitan St.
Louis Sewer District, and a separate book account will be
maintained for each participant to prescribe the investment of
said Deferred Compensation through a Participant Agreement, and
WHEREAS, it is the fiduciary responsibility of the
Trustees of the Metropolitan St. Louis Sewer District to provide
appropriate investment options,
NOW, THEREFORE, BE IT RESOLVED that the following
investment managers be appointed to act on behalf of the Deferred
Compensation Plan of the Metropolitan St. Louis Sewer District in
the manner as hereafter provided.
(A)Vanguard Windsor II Fund as managed by Barrow, Hanley,
Mewhinney & Strauss is hereby appointed as the Equity-
Income manager of the funds.
(B)Invesco Capital Management is hereby appointed as the
Equity-Growth and Income manager of the funds.
(C)Vanguard World Fund - U.S. Growth as managed by the
Lincoln Capital Management Company is hereby appointed
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as the Equity-Growth manager of the funds.
(D)Federated Short-Intermediate Government Trust is hereby
appointed as the Fixed Income manager of the funds.
(E)Vanguard Money Market Reserve - Federal Portfolio is
hereby appointed as the Money Market manager of the
funds.
(F)Lincoln National Life is hereby retained as a manager for
the existing annuity option of the funds.
(G)Mercantile Trust Company is hereby appointed as Short Term
Investment Fund manager.
BE IT FURTHER RESOLVED that the Executive Director,
with the approval of the Chairman of the Board of Trustees of the
Metropolitan St. Louis Sewer District, is hereby authorized to
execute any necessary instruments to give effect to the foregoing.
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The foregoing Resolution was adopted October 2, 1991.