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Board Composition for frozen DB Plan

Guest jedens

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We have a frozen DB plan. Employees in the plan prior to closure were allowed to stay in the plan. The present board is made up of 3 elected officials, 2 managers, 4 employees, 1 retiree and 1 member of the public. Over time, the number of active participants has shrunk (1600) and the number of retiree participants has grown (2600).

If you have a frozen plan have you modified the composition of your board to reflect the changing demographics of your participants? If so, how many retirees are on your Board of trustees?

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