HomeMy WebLinkAbout05. CCCERA Response LetterCONTRA
COSTA '
COUNTY ERA
Employees' Retirement Association
March 15, 2016
To All CCCERA Participating Employers,
5.
Received
MAR 18 2016
Ofika,ofManager
On behalf of the CCCERA Board of Retirement, I am writing you regarding an anonymous letter
recently sent to CCCERA's participating employers. Your agency may have received such a letter.
The author of the letter makes derogatory statements about CCCERA managers and alleges
improper conduct in managing the fund. The author claims to be speaking for CCCERA staff, but
has not disclosed his or her identity.
We take allegations of impropriety at CCCERA seriously. It is the Board's fiduciary duty to
administer the CCCERA trust fund system in a manner that will assure prompt delivery of benefits
and related services to our participants and their beneficiaries. Your trust is important to us.
Accordingly, we have commissioned an independent review of these allegations. Meanwhile, be
assured that the CCCERA trust fund remains safe and secure. The accuracy and competency of
the fund's finances have and will continue to be audited annually by an independent external
auditor, with any exceptions addressed immediately.
In the event that the review substantiates any complaint contained in the anonymous letters, we
will immediately address such matters.
As always, if you have any concerns about the administration of the pension fund, please do not
hesitate to contact CCCERA Chief Executive Officer Gail Strohl or myself.
Since ,
ps
John '
Boardai person
Copy: Gail Strohl, Chief Executive Officer
1355 Willow Way Suite 221 Concord CA 94520 925.5213960 FAX: 925.521.3969 www.cccera.org