Oxnard Peace Officers Assn Retiree Med

“The Board of Trustees adopted the plan document amendment no. 12 effective August 2016 relating to benefits provided in connection with a qualified domestic relations order.”

“There are five Trustees, three of whom are selected by the members of the Oxnard Peace Officers' Association (OPOA) and two of whom are appointed by the Board of Directors of the OPOA. In the event of early termination of appointment, resignation or death of a Trustee, the Board of Directors of the OPOA shall select a successor Trustee for the remainder of that term. The appointment of a Trustee may be terminated at any time by the entity which originally made the appointment, according to such entity's internal rules, procedures or practices.”

“The trust has no separate committees.”

“Chairman of the Board of Trustees reads Form 990 for completeness and accuracy, and compares the amounts to the audited financial statements for consistency, before signing and filing with IRS.”

“The Board of Trustees meets regularly to review and monitor Trust activities. All board members are covered by the conflict of interest policy AND HAVE THE DUTY TO DISCLOSE ANY CONFLICT OF INTEREST AS SOON AS IT IS DISCOVERED. THERE HAVE BEEN NO INCIDENCES OF ANY CONFLICT.”

“The trust has no employees and paid no compensations to its trustees or officers.”

“The trust's governing documents, conflict of interest policy, and financial statements are available to the public upon written request. The trust's summary annual report is provided to participants on an annual basis.”

“The trust's whistleblower policy is covered in the article VI section 18 of the trust agreement.”

“The trust's document retention and destruction policy is covered in the article VI section 11 of the trust agreement.”

“Andrew Pinkstaff - c/o Oxnard Police Dept | 251 S C st, Oxnard, CA 93030. Greg Hebert (through Nov 2015) - c/o Oxnard Police Dept | 251 S C st, Oxnard, CA 93030. Michael Thomas - c/o Oxnard Police Dept | 251 S C st, Oxnard, CA 93030. Mike MArostica - c/o Oxnard Police Dept | 251 S C st, Oxnard, CA 93030. Mike Blanchard (eff Feb 2016) - c/o Oxnard Police Dept | 251 S C st, oxnard, CA 93030.”

“The Trust does not have information regarding the compensation received by the Trustees from the City of Oxnard (the City"). The members of the Board of Trustees are paid police officers of the City. They are employed by the City and receive all their compensation solely connected to their duties as police officers of the City. In their role as Trustees, they are fiduciaries and subject to legal prohibitions against self-dealing. They serve on a volunteer basis as Trust fiduciaries; they do not receive any additional compensation from the City or any other party for their services on the Board of Trustees. Further, the Trust has a conflict of interest policy, which requires Trustees to disclose any financial arrangements that would create a conflict of interest. SECTION 7(A) OF THE CONFLICT OF INTEREST POLICY OF THE TRUST, EFFECTIVE MAY 6, 2009 AS AMENDED, STATES THE FOLLOWING:"A THE TRUST DOES NOT HAVE INFORMATION REGARDING THE COMPENSATION RECEIVED BY THE TRUSTEES FROM THE RELATED ORGANIZATION. TRUSTEE SHALL HAVE A DUTY TO DISCLOSE TO THE BOARD ANY CONFLICT OF INTEREST AS SOON AS IT IS DISCOVERED BY THE TRUSTEE. IN PARTICULAR, THE TRUSTEE SHALL DISCLOSE A CONFLICT OF INTEREST PRIOR TO ANY BOARD OR COMMITTEE DECISION ON THE MATTER RELATED TO THE CONFLICT OF INTEREST. UPON THE TRUSTEE'S FIRST ATTENDANCE AT A BOARD MEETING, THE TRUSTEE SHALL SUBMIT A SIGNED CONFLICT OF INTEREST DISCLOSURE TO THE BOARD, ON A FORM APPROVED BY THE BOARD, AND SHALL HAVE THE DUTY TO UPDATE SUCH DISCLOSURES UPON DISCOVERING A CHANGE." THE POLICY ALSO REQUIRES REGULAR DISCLOSURE IN WRITTEN FORM OF "ANY ENTITIES IN WHICH YOU [THE TRUSTEE] PRESENTLY HAVE A COMPENSATION ARRANGEMENT THAT MAY PRESENT AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST. NOTE ALSO THAT THE DISCLOSURE OF COMPENSATION REQUESTED ON THE FORM 990 WOULD CAUSE ADDITIONAL ADMINISTRATIVE BURDEN BY REQUIRING THE TRUST TO COLLECT THIS INFORMATION ANNUALLY, SINCE THE TRUSTEES' COMPENSATION AS POLICE OFFICERS VARIES FROM YEAR TO YEAR, AND FROM TRUSTEE TO TRUSTEE. FINALLY, AND VERY IMPORTANTLY, THE FORM 990 IS PUBLIC INFORMATION. IT IS LIKELY THAT REQUIRING THE DISCLOSURE OF COMPENSATION WILL DISSUADE POLICE OFFICERS FROM VOLUNTEERING TO SERVE ON THE BOARD. THE TRUST WOULD THEN HAVE TO SPEND TRUST ASSETS TO HIRE A PROFESSIONAL TRUSTEE. PLEASE CONTACT THE TRUST OFFICE IF YOU WOULD LIKE FURTHER INFORMATION, AND /OR WOULD LIKE TO DISCUSS THIS FURTHER. THE TRUSTEES WANT TO BE COOPERATIVE WITH THE IRS, BUT REQUESTING THIS COMPENSATION INFORMATION IS PROBLEMATIC FOR THE REASONS STATED ABOVE.”

“The Board of Trustees assumes the responsibility for oversight of the audit of its financial statements. There is no separate audit committee.”