Powers and duties of the Board
Seattle Mun. Code § 14.36.035
in effect14.36.035 - Powers and duties of the Board
A. The Board shall, subject to Section 14.36.100, establish the SRSP for participating employees.
B. In implementing this Chapter 14.36, the Board shall have the following powers, which may be effectuated directly by the Board or through the assistance of City employees duly assigned to support the Board or to provide support for the SRSP:
1. To establish, implement, and maintain the SRSP developed pursuant to this Chapter 14.36;
2. To make the required determinations under Section 14.36.100;
3. To adopt rules for the administration of the SRSP as provided in Section 14.36.060;
4. To direct the investment of the funds contributed to accounts in the SRSP consistent with the investment policies established by the Board;
5. To collect application, account, or administrative fees to defray the costs of administering the SRSP;
6. Independently or in coordination with any similar programs of a state or other governmental unit, to make and enter into contracts, agreements, or arrangements, and to retain, employ, and contract for any of the following considered necessary or desirable, for carrying out the purposes set forth in this Chapter 14.36:
a. Services of private and public financial institutions, depositories, consultants, investment advisers, investment administrators, and third-party plan administrators;
b. Research, technical, and other services; and
c. Services of other City departments and agencies to assist the Board in its duties;
7. To evaluate the need for, and procure as needed, pooled private insurance of the SRSP;
8. To develop and implement an outreach plan to gain input and disseminate information regarding the SRSP and retirement savings in general;
9. To provide for contributions to the SRSP to be deposited directly with the investment administrator for the SRSP; and
10. To pool accounts established under the SRSP for investment.
(Ord. 125467, § 1, 2017.)
Source: City of Seattle, Seattle Municipal Code and City Charter (Municode Library, library.municode.com)URL: https://library.municode.com/wa/seattle/codes/municipal_code?nodeId=TIT14HURI_CH14.36SERESAPL_14.36.035PODUBOFetched: 11/1/2026