General membership is open to 1) any employee benefit plan, state or local agency officially charged with the investment of plan assets, 2) non-profit endowment funds and 3) non-profit foundations. General Members participate in all meetings and seminars sponsored by the Council and are the only voting members of the Council.
Employee benefit plans, state or local agencies officially charged with investing plan assets and charitable tax-exempt foundations and endowments may join the Council as General Members subject to following limitation: Private-sector employee benefit plans may not join as voting members if the plan or plan sponsor’s primary line of business includes providing financial, consulting, legal or other services to institutional investors. Funds, not their employees, are considered Council members. Voting members are entitled to one vote per fund.
Each General Member, except endowment and foundation members, is classified into one of three constituencies for the purposes of electing the Council’s board of directors or for other actions that require constituency voting. The three constituencies are: public, corporate or labor. Each constituency elects a specified number of members of the board of directors.
Annual dues for General Members are calculated at $1.30 per $1 million in assets under management, with the minimum being $3,000 and a maximum of $30,000. Please use the calculator below to determine your yearly dues.