May 26, 2011

Governance

The SC is responsible for approving Board Member appointments to the OAC. The CGC (Corporate Governance Committee) provided information in preparation for seeking nominations from designated sponsor organizations for those members whose terms are due to expire at year-end.

Contribution Rate Allocations

Discussion continued regarding the potential allocation methodologies, with further requests for information related to assumptions.

Specified Plan Change (SPC) Proposals

Following discussion and a review of background information on current proposals, two SPCs were voted on: the first to provide the right to negotiate NRA60 to Police Civilians, and the other to approve amended rates for Supplemental Plan contribution rates. Neither received the requisite two-thirds majority for approval, but the Supplemental Plan contribution rates proposal was referred to Mediation/Arbitration.