About Us

Governance
Committee Charters

The Fund’s Bylaws call for the following standing committees: Audit, Benefits & Operations, Compensation, Governance and Investment.

AUDIT
BENEFITS & OPERATIONS
COMPENSATION
GOVERNANCE
INVESTMENT 

AUDIT

Composition: At least 3 members of the Board of Trustees

Responsibilities:The Audit Committee is responsible for the audit functions of the Board to ensure complete Trustee, Management, and Participant confidence in the financial reports of the Fund and the integrity of its leaders, including:

  • Recommending to the Board the certified public accountants to be retained as the Fund's auditor
  • Reviewing the financial statements of the Retirement Fund, the annual report of the Retirement Fund's independent, certified public accountants, and report the results thereof to the Board
  • Monitoring compliance with the Fund’s policy on professional conduct and conflicts of interest
  • Such other responsibilities as are normally associated with an audit committee

BENEFITS & OPERATIONS

Composition: At least 3 members of the Board of Trustees

Responsibilities:The Benefits & Operations Committee is responsible for all Fund business aspects and benefits provided by the Fund, including:

  • Advising Management on human resource, technology and communications policy issues
  • Reviewing and advising Management on the annual budget, as well as recommending approval of the budget to the Board of Trustees
  • Reviewing and approving Plan administration and Fund operations policy options developed by Management
  • Reviewing the benefits granted by the Retirement Fund, hearing appeals of administrative decisions regarding such benefits, and reporting the results thereof to the Board

COMPENSATION

Composition: At least 3 members of the Board of Trustees

Responsibilities: The Compensation Committee is responsible for all aspects of executive compensation and benefits that leads to the effective and efficient recruitment and retention of Management, including:

  • Recommending to the Board executive compensation and benefits
  • Reviewing and approving the annual staff merit pool and grid
  • Advising the President on incentive compensation programs for executives and employees
  • Performing the “intermediate sanction" review function for the Board
  • Under the leadership of the Chairman of the Board, develop and oversee the annual evaluation of the President

GOVERNANCE

Composition: At least 3 members of the Board of Trustees

Responsibilities: The Governance Committee is responsible for the nominating and governance functions of the Board to ensure the efficient and effective operation of the Board and its oversight of the Fund, including:

  • Reviewing Board structure and governance systems to ensure they are appropriate
  • Identifying and recruiting prospective trustees, and proposing nominations to the Board
  • Convening the Annual Meeting of Participants, including the distribution and tabulation of ballots
  • Consulting with the Chair on the appointments of Trustees to Committees
  • Coordinating the annual evaluation of the Board, Committees and Trustees eligible for re-election
  • Suggesting development programs for the Board and individual Trustees

INVESTMENT

Composition: At least 3 members of the Board of Trustees and can have non-trustee members

Responsibilities: The Investment Committee is responsible for all aspects of investing the assets of the Retirement Fund so they grow to provide the benefits promised to YMCA employees, including:

  • Performing the investment functions of the Board to the extent authorized by the Board
  • Developing policy options with regard to the investment of the assets of the Fund, including the policy asset allocation
  • Establishing and monitoring investment manager performance
  • Monitoring compliance with Board policies on the investment of the assets of the Fund
  • Delegating to the officers or employees of the Retirement Fund the authority to act in the investment and reinvestment of the Retirement Fund's assets, but not, unless specifically authorized by the Board, to contract with independent investment advisors, investment counsel or managers, banks, or trust companies.