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TO: Mayor John Laesch
FROM: Nicholas Richard-Thompson, Deputy Chief of Staff
DATE: March 9th, 2026
SUBJECT:
A Resolution authorizing the appointment of Dr. Brian W. Caputo (Active)
PURPOSE:
As a benefit for its employees, the City of Aurora offers a number of deferred compensation plans pursuant to Section 457 of the Internal Revenue Code. To ensure the effective and efficient administration of those plans, including the evaluation of vendors and the review of emergency withdrawal appeals, the City maintains a Deferred Compensation Administration Committee. This resolution fills the required participant positions on that committee.
BACKGROUND:
The administrative rules for the City’s deferred compensation plans dictate that the committee consist of the Chief Financial Officer/City Treasurer, the Chief Human Resources Officer, a representative of the Mayor’s Office, and two plan participant members appointed by the Mayor. Per Section (d) of those rules, one member must be an active City of Aurora employee and one must be a retired City of Aurora employee, both of whom must be current participants in the City’s deferred compensation plans. These appointments are necessary to maintain a full and functional committee.
DISCUSSION:
The nomination brought forth today is Dr. Brian W. Caputo (Active).
IMPACT STATEMENT:
This action is an internal administrative appointment intended to ensure the robust oversight of employee benefit programs. Indirectly, the public benefits from a well-managed municipal government that maintains high standards of fiduciary responsibility for our workforce.
RECOMMENDATIONS:
The proposed resolution be adopted.
cc: Rules, Administration, and Procedures Committee
CITY OF AURORA, ILLINOIS
RESOLUTION NO. _________
DATE OF PASSAGE ________________
title
A Resolution authorizing the appointment of Dr. Brian W. Caputo to the Deferred Compensation Administration Committee.
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WHEREAS, the City of Aurora has a population of more than 25,000 persons and is, therefore, a home rule unit under subsection (a) of Section 6 of Article VII of the Illinois Constitution of 1970; and
WHEREAS, subject to said Section, a home rule unit may exercise any power and perform any function pertaining to its government and affairs for the protection of the public health, safety, morals, and welfare; and
WHEREAS, (the City of Aurora offers deferred compensation plans pursuant to Section 457 of the Internal Revenue Code and has established a Deferred Compensation Administration Committee to oversee said plans; and
The administrative rules of the committee require the mayor to appoint a representative of the Mayor's Office to serve on the committee; and
WHEREAS, Dr. Brian W. Caputo is an active employee and a current staff member of the Mayor's Office; and
WHEREAS, the Mayor has recommended the appointment of Dr. Brian W. Caputo to ensure the effective and efficient administration of the City’s deferred compensation benefits.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Aurora, Illinois, as follows: that the appointment of Dr. Brian W. Caputo to the Deferred Compensation Administration Committee is hereby authorized and approved.