Cook County Deferred Compensation Committee

 

Title

Cook County Deferred Compensation Committee

Website

N/A

Contact Name

Constance M. Kravitz, CPA

Contact Title

Chairperson

Contact Phone

(312) 603-5601

Contact Email

constance.kravitz@cookcountyil.gov

Function

The Deferred Compensation Committee is responsible for the day to day affairs of the Cook County
Deferred Compensation Plan. The Committee oversees the Plan’s administration to ensure that the provisions of the Plan are properly carried out. Duties of the Committee include supervising collection of deferred amounts; determining and authorizing investment options; conducting an annual audit of the Plan’s accounts; authorizing benefit or hardship payments in accordance with plan provisions; and making rules and regulations consistent with the provisions of the Plan that are necessary for the administration of the Plan.

In performing its duties, the Committee has the authority to hold meetings, retain consultants, auditors,
attorneys, employee benefit advisors, investment providers and other consultants as deemed necessary by the Committee to fulfill its oversight responsibilities.

Term

N/A

Confirmation

N/A

Compensation

N/A

Qualifications

None, except for those
individuals named in the “Composition” section immediately below.

Composition

The Committee consists of at least 9 members appointed from time to time by the County to serve at
the County’s pleasure.

The following individuals are required to serve on the Committee:

1) Cook County Chief Administrative Officer;

2) Cook County Comptroller;

3) Comptroller of the Cook County Forest Preserve District;

4) Representative of the Health Facilities Employees;

5) Cook County Treasurer.

The Committee shall appoint a Chairman to preside over the meetings.

Chair/President

Constance Kravitz

Authority

Section 457 of the Internal Revenue Code authorizes the Deferred Compensation Plan. In 2003, the respective Boards of the County and Forest Preserve District approved a Plan Document, which
authorized the creation of the Deferred Compensation Committee.

 

Click here to nominate yourself

 

Name

Term Expires

Appointed By

Position

Constance Kravitz

N/A

Membership mandatory (County Comptroller)

Chairman

Michael Ayres

N/A

Membership mandatory (Representative of Cook County Health and
Hospitals System)

Member

Joseph Fratto

N/A

Membership mandatory (Designee of Cook County Treasurer)

Member

Marlo Kemp

N/A

Membership mandatory (Designee of FPD Comptroller)

Member

Robin Kelly

N/A

Membership mandatory (Chief Administrative Officer)

Member

Vacant

N/A

Cook County Board President

Member

Grace Colbert

N/A

Cook County Board President

Member

James Compton

N/A

Cook County Board President

Member

Clark Burris

N/A

Cook County Board President

Member