HomeMy WebLinkAboutMinutes - 2018.08.23 - 30436OAKLAND COUNTY EMPLOYEES’ RETIREMENT AND DEFERRED COMPENSATION BOARD MINUTES The Oakland County Retirement and Deferred Compensation Board meeting was held August
23, 2018 at 1:30 p.m. in the West Oakland Conference Room, Executive Office Building. Members Present: James VanLeuven Jr. Joseph Rozell
Andy Meisner Thomas Middleton Curtis Childs Lauri Siskind Jeff Phelps Laurie Van Pelt (designee of County Executive) Christopher Ward (designee of Chairperson, BOC) Others Present: Keith Lerminiaux, Corporation Counsel Malcolm Brown, County Executive
Jennifer Hain, Human Resources Silvia Frank, Human Resources Lisa Villella, Human Resources Carly Webster, Human Resources Stephanie Smith, Prudential Jason May, Graystone
John Krakowiak, Graystone
1. Moved by Rozell, seconded by Siskind to approve the minutes of July 26, 2018. Motion carried. 2. Meeting was opened for public comment; no one spoke. 3. Keith Lerminiaux and Malcolm Brown addressed the Board and provided a verbal update regarding PTNE retirement issues.
4. Moved by Phelps, seconded by Van Pelt to approve the following Defined Benefit retirement applications. Motion carried. RETIREMENT
DEPARTMENT EFFECTIVE
Deborah Bigger Deferred 09/24/2018
Columbus Mann Deferred 09/13/2018 Tennessa Ramey Human Resources 09/18/2018 Phyllis Weber-Samsky Health 10/27/2018
5. Moved by Childs, seconded by Middleton to approve the following Defined Contribution retirement applications. Motion carried.
RETIREMENT DEPARTMENT EFFECTIVE
Lizbeth Coleman Sheriff 09/29/2018 Dale Gray Deferred 09/01/2018 6. Moved by Meisner, seconded by Middleton to receive and file the August 2018 securities
litigation report by The Miller Law Firm. Motion carried.
Oakland County Employees’ Retirement and Deferred Compensation Board Minutes August 23, 2018 Page 2
7. Stephanie Smith of Prudential Retirement distributed and presented the Oakland County Retirement Plans Plan Summary as of June 30, 2018.
8. Jason May from Graystone Consulting distributed and presented the following:
• Plan Investment Review Oakland County 401(a) and 457(b) Plans April 1 – June 30, 2018 Report
• Plan Investment Review Oakland County PTNE Plan April 1 – June 30, 2018
• Plan Investment Review Oakland County RHS Plan April 1 – June 30, 2018 9. Other Business: a. Secretary Frank provided a verbal update on the Prudential Defined Contribution
Recordkeeping conversion (401(a), 457(b), and Part-time Non-eligible 457 Plans). b. Chairperson VanLeuven noted the next meeting of this Board: i. September 20, 2018 – 1:30 p.m. 10. Chairperson VanLeuven adjourned the meeting without objection at 3:00 p.m.
Respectfully submitted, __________________________________ __________________________________ James H. VanLeuven, Jr., Chairperson Silvia Frank, Secretary