Plan Administration
The General Employees’ Retirement Plan was established by the Aurora City Council in 1967 for the exclusive benefit of participating City employees and their beneficiaries. Effective June 30, 2003, GERP’s administrative staff members are also eligible to participate in the Plan.
Plan provisions are found in sections 102-136 through 102-152 of the City of Aurora Municipal Code. Responsibility for the administration and proper operation of the Plan is delegated to the ten trustees who comprise the General Employees’ Retirement Board. Board members serve without compensation, except for reimbursement for any necessary expenses incurred in the performance of their authorized duties.
Stay in the Know
COST OF LIVING ADJUSTMENT
GERP’s Tier 1 and Tier 2 retirees will receive a 1.5% cost of living increase to the Regular Benefit on January 1, 2021. The Supplemental Benefit remains unchanged.
WORKSHOPS
GERP’s next Retirement Ready Workshop has not yet been scheduled. Employees who are 50 years or older and who have not already participated in this workshop will receive invitations in the mail in advance of the event. Please call (303) 368-9160 for more information.
LOOKING FOR A FINANCIAL PLANNER?
Here is a checklist to help you select the right financial planner for you. Checklist.
HOW TO BUDGET
Get a head start on budgeting for retirement by downloading this Excel spreadsheet. Retirement Workbook Template (Excel format).
INFORMATION ABOUT YOUR BENEFITS
For more information on your benefits, please choose one of these two categories. Hired Before 2012 or Hired in 2012 or After.
Our Publications
To request printed copies of any of the materials listed below, email us at info@auroragerp.org or call (303) 368-9160. You may read and print each document’s Adobe Acrobat file by clicking on its hyperlink.
To change your tax withholding information complete this form and then mail or fax it back to GERP.
This short publication summarizes the Plan’s financial, actuarial and investment status as of December 31, 2019 and is mailed to all active and retired participants. Report
2019 CAFR
2018 CAFR
2017 CAFR
2016 CAFR
2015 CAFR
2014 CAFR
2013 CAFR
2012 CAFR
2011 CAFR
These 20-page booklets explain the benefit provisions of the Plan and vary depending on when you were hired by the City of Aurora.
If your employment began before 2012. Before 2012
If your employment began in 2012 or after. 2012 or After
The Internal Revenue Service requires that GERP distribute this pamphlet to participants receiving taxable lump sum payments. It explains how participants can avoid the mandatory 20% income tax withholding if they direct GERP to rollover eligible payments to a traditional IRA or other qualified plan. It also provides tax information for surviving spouses, alternate payees and other beneficiaries who receive payments from GERP. Tax Notice.
Consultants and Advisors
CERTIFIED PUBLIC ACCOUNTANTS:
BKD LLP, Denver, CO
CUSTODIAN AND BENEFIT PAYMENT PROVIDER:
Northern Trust, Chicago, IL
INVESTMENT CONSULTANT:
Callan Associates, Inc., Denver, CO
LEGAL ADVISOR:
(Tax & Regulatory Issues) Reinhart Boerner Van Deuren SC, Englewood, CO
PENSION ACTUARY:
Milliman, Denver, CO
PARTICIPANT EDUCATION CONSULTANT:
Strategies Capital Management, Denver, CO
INVESTMENT ADVISORS:
Abbott Capital Management, New York, NY
American Century Investments, Kansas City, MO
BlackRock Inc., New York, NY
Capital Group, Los Angeles, CA
Cohen & Steers Capital Management, New York, NY
Dodge & Cox, San Francisco, CA
HarbourVest Partners, Boston, MA
Harvest Fund Advisors, Wayne, PA
Heitman, Chicago, IL
Molpus Woodlands Group, Jackson, MS
Morgan Stanley, New York, NY
Segall Bryant & Hamill, Denver, CO
Smith Graham & Co., New York, NY
Western Asset Management Co., Pasadena, CA
Administrative Staff
Steve Shanks, Pension Plan Administrator
Aaron D. Kahn, Benefit Administrator
Laura P. Steege, Administrative Coordinator
Board of Trustees
Responsibility for the administration and proper operation of the Plan is delegated to the ten trustees who comprise the General Employees’ Retirement Board. Board members serve without compensation, except for reimbursement for any necessary expenses incurred in the performance of their authorized duties.
Three trustees, who participate in the Plan, are employees of the City of Aurora. An employee election is held each October to fill one of these seats. The following trustees serve three year terms:
Clifford M. Haight, current term expires 12/31/2023
Trevor Vaughn, current term expires 12/31/2021
Andrew Jamison, current term expires 12/31/2022
The Aurora City Council appoints three trustees. These trustees cannot participate in the Plan and must be residents of the City of Aurora.
Thomas Tobiassen, current term expires 12/31/2022
Michelle Reding, current term expires 12/31/2021
David L. McConico, current term expires 12/31/2023
A seventh voting member is selected by the six trustees noted above. This trustee must also reside in Aurora.
Sue R. Sandstrom, current term expires 12/31/2021
Non-Voting Board Members. These trustees are entitled to Board membership by virtue of their office and employment.
Dianna Giordano, Director of Human Resources
Hanosky Dened Hernandez Perez, Assistant City Attorney
Janice Napper, Assistant City Manager
Terri Velasquez, Director of Finance
PLEASE NOTE: Due to the current Covid19 Pandemic, meetings are currently being held via WebEx. Contact the office at (303)368-9160 to obtain a meeting code.
Meeting schedule for 2021 Calendar
Meeting minutes, click a date to view. All documents are PDF format.
December 2020
November 2020
October 2020
September 2020
August 2020
July 2020
June 2020
May 2020
April 2020
March 2020
February 2020
January 2020
December 2019
November 2019
If you would like to read board minutes from months not shown, please contact us.