THIS RESOLUTION, adopted by the Board of Retirement (Board) of the San Mateo County
Employees' Retirement Association (SamCERA), sets forth the Board's Responsibilities & Strategic Staff Services.

Whereas, Government Code '31520 vests the management of SamCERA in the Board; &

Whereas, Resolution 95-96-05 defines the Board's mission and goals; &

Whereas, the Board wishes to direct its efforts and the efforts of its staff in concert with the spirit of the law and the Board's Mission and Goals. Now, therefore, be it Resolved, that the Board hereby adopts the following:

Board Responsibilities

• Grant Earned Benefits & Provide for the Disbursement of those Benefits
• Provide for the Investment & Safekeeping of Retirement Fund Assets
• Assure the Actuarial Soundness of the System
• Establish & Arrange for the Collection of Contributions
• Manage the Association & System in accordance with the Law
• Define Fiduciary & Ministerial Responsibilities and Effectively Delegate them to, & Monitor the performance of, Designated Fiduciaries
• Select & Monitor the Performance of Designated Fiduciaries, including but not limited to investment managers, consultants and other advisors
• Approve & Monitor Internal Controls & Audit Programs

Staff Strategic Services

MEMBER BENEFIT & ACTUARIAL SERVICES

• Implement the Benefit Services Plan, including individual member counseling
• Establish Eligibility & Process Applications for Membership & Benefits
• Provide for & Monitor Payment of Benefits & Refunds
• Accurately Maintain & Monitor Member & Benefit Databases
• Provide Timely, Accurate & Useful Services, Reports & Recommendations for Members, Retirees, Beneficiaries & the Board

INVESTMENT MANAGEMENT SERVICES

• Implement the Investment Plan
• Monitor Manager & Custodial Activity
• Project & Monitor Retirement Fund Cash Flows
• Provide Timely, Accurate & Useful Reports & Recommendations to the Board

BOARD SUPPORT SERVICES

• Faithfully execute the Duties & Responsibilities Delegated by the Board
• Support the Board in its execution of its Powers & Duties
• Provide Timely, Accurate & Useful Information & Recommendations to the Board
• Direct the Benefits, Investments & Management Services Programs
• Provide Member Education, Public Information & Inter-Agency Services
• Propose, Implement & Monitor Internal Control Systems

MANAGEMENT SERVICES

• Implement the Management Services Plan, including Human Resources, Information Systems,
• Fiscal, Accounting, Analytical, Facilities & Support Services
• Manage Contracts
• Maintain liaison with providers of County support services
• Direct Catastrophe Recovery Planning Be it further

Resolved, that the Board hereby expresses its intent to review annually the responsibilities and strategic services set forth herein.

ADOPTED by unanimous vote, August 25, 1995

Amended by unanimous vote, September 19, 1996

Attest:
Tom E. Bryan, Secretary