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Media Advisory: Nov. 19, 2007

BWC Board of Directors to meet Wednesday, 8:00 a.m.

Investment, Actuary & Audit subcommittees to meet Tuesday, Nov. 20

COLUMBUS – The BWC Board of Directors will meet for its regularly scheduled, monthly meeting on Wednesday, Nov. 21, 2007 from 8 a.m. to 1:30 p.m. The BWC Board of Directors will meet in Room 2, Level 2 of the William Green Building, located at 30 W. Spring St., Columbus.

Additionally, the Board’s three subcommittees will meet a day in advance of the full board meeting on Tuesday, Nov. 20, 2007, on Level 2 of the William Green Building. Members will participate in a training session from 10 a.m. to 12 noon. The Investment Committee will meet at 12 noon in Room 2; the Actuary Committee will meet at 2 p.m. in Room 1; and the Audit Committee will meet at 4 p.m. in Room 3.

The draft agenda for the BWC Board of Directors meeting on Wednesday, Nov. 21, 2007 is as follows:

8:00 a.m.

Call to order – Bill Lhota, Chair

  • Roll Call
  • Approval of minutes for Oct. 26, 2007 meeting
  • Review meeting agenda
8:10 a.m.

Fiduciary Responsibility Discussion – Ron O’Keefe, Fiduciary Counsel

8:50 a.m.

Committee Reports

Actuary Committee, Chuck Bryan, Committee Chair

  • Committee Charter Approval
  • Rule: Public Employer Taxing District Credibility Tables and Rate*
    Private Employer Credibility Table*
  • RFP for Actuarial Study*

Audit Committee, Ken Haffey, Committee Chair

  • Committee Charter Approval
  • Rules: Awards (Electronic Fund Transfer)*
    Public Employer Risk Reductions Program (PERRP)*
    Ethics rules*

Governance Committee, Alison Falls, Committee Chair

  • Committee Charter Approval

Investment Committee, Bob Smith, Committee Chair

  • Committee Charter Approval
  • Credit Issuer Ownership Limits
  • Credit Issuer Limits Definition Revision

11:00 a.m. Monthly Financial Report (including Discount Rate Discussion) – Tracy Valentino, Interim CFO
11:30 a.m. Administrator Briefing – Marsha P. Ryan, BWC Administrator
12:00 p.m. Adjourn Board Meeting

* - Consideration and possible vote

Next meeting: Dec. 20, 2007 8 a.m. – 1:30 p.m.

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BWC Board of Directors

Chairman William Lhota, SI Employers | Charles Bryan, Actuary | David Caldwell, Employee Organizations | Alison Falls, Investment & Securities | Philip Fulton, Employees | Kenneth Haffey, CPA | James Harris, Employee Organizations | James Hummel, Large Employers | Jim Matesich, Small Employers | Larry Price, Public | Robert Smith, Investment & Securities