Memorandum
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This memorandum recommends the appointment of Edgar "David" Parker and Nicholas Rovetto to the Voluntary Employees Beneficiary Association (VEBA) Advisory Committee for four-year terms starting June 1, 2026. The item is set to be placed on the City Council agenda for action on April 21, 2026. The VEBA Advisory Committee oversees the VEBA Plans, which provide healthcare benefits to eligible members, and currently has 6,161 participants with approximately $85.5 million in assets. The committee requires five members, with specific representation from various unions. The current members' terms expire on May 31, 2026, and both have expressed interest in reappointment.
Key points
- Appointments of Edgar "David" Parker and Nicholas Rovetto to the VEBA Advisory Committee are recommended.
- Both appointees are nominated by the Federated unions and currently serve on the committee.
- Their new terms will run from June 1, 2026, to May 31, 2030.
- The VEBA Advisory Committee oversees the VEBA Plans, which have 6,161 participants and $85.5 million in assets.
- The item will be presented to the City Council on April 21, 2026, for approval.
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