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Employees Retirement System of the City of St. Louis, Board of Trustees
Details about the Employees Retirement System of the City of St. Louis, Board of Trustees
Overview
The Employees Retirement System of the City of St. Louis became operative April 1, 1960 by a municipal ordinance establishing the Retirement System under the authority of Senate Bill No. 329 of the 70th General Assembly of the State of Missouri. Since it's establishment, the System has been improved and modified by change in the ordinances under which it operates.
The Retirement System is operated under policies established by a six (6) member Board of Trustees consisting of :
1. The Comptroller of the City of St. Louis, Ex Officio ;
2. Two (2) Trustees appointed by the Mayor of the City of St. Louis. Each appointee serves for a term of 2-years;
3. Two (2) Trustees elected by the members of the System. Each Trustee serves a term of 2-years;
4. One (1) Trustee elected for a term of 2-years by and from the retirees of the System.
Each trustee shall within ten (10) days after his or her appointment or election.
Apply to Serve (6 openings)
View board website
Openings include appointments labeled "Serving Beyond Term."
Board Members
| Name | Role | End Date |
|---|---|---|
| Darlene Green | Ex-Officio |
04/04/2023
Serving Beyond Term |
| Ryan Coleman |
03/31/2023
Serving Beyond Term |
|
| Felicia Hinton-Ramey |
03/31/2023
Serving Beyond Term |
|
| Freddie Dunlap | Member |
03/31/2022
Serving Beyond Term |
| Alfred (Fred) Wessels | Member |
03/31/2022
Serving Beyond Term |
Authorizing Legislation
Ordinance 70154 (2015), Ordinance 67963 (2008), Ordinance 66511 (2004), Ordinance 64833 (1999). City Code 4.16.110. Rev. Mo. Stat. 95.540-95.556
Board Duties and Purpose
The Board of Trustees is responsible for the establishment of policy and rules as may be necessary for the administration and operation of the Retirement System. Among its responsibilities are determining investment strategy and establishing investment policy, retaining consultants on various technical aspects of operations, adopting actuarial assumptions such as interest rates and mortality tables, reviewing and ruling on applications for benefits.
Member Requirements
There shall be a Board of Trustees of six (6) members who shall be responsible for the establishment of policy and rules as may be necessary for the administration and operation of the retirement system. The Board shall be constituted as follows:
1. The Comptroller of the City, Ex Officio;
2. Two (2) members, one of whom may be the Director of Personnel, to be appointed by the Mayor. Appointments for the two members shall be for terms of 2-years beginning April 1 of even dated years.
3. Two (2) members to be elected by and from the membership of the retirement system. Such members shall hold office for terms of 2-years only while members of the retirement system. The 2-year terms for the two members shall begin April 1 of odd dated years.
4. One (1) retired member to be elected by the retirees of the retirement system. Such member shall be a retiree of the retirement system who shall reside in the City of St. Louis. Elections for this member shall be for terms of 2-years and shall be held in odd dated years. Such member shall hold office for a term of 2-years beginning April 1 of odd dated years.
The Chairman of the Board of Trustees is elected by the Trustees by majority vote. The Director of Personnel of the City of St. Louis serves as Secretary of the Board of Trustees and is responsible for the day-to-day operation of the System with the assistance of a trained staff.
Vacancy:
If a vacancy occurs in the office of trustee, the vacancy shall be filled for the unexpired term in the same manner as the office was previously filled.
Compensation:
The trustees and Secretary shall serve without compensation from he retirement system, but they shall be reimbursed for all necessary expenses which they may incur through service on the Board of Trustees.
Oath of Office:
Each trustee shall within ten (10) days after his or her appointment or election.
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