HomeMy WebLinkAboutMinutes - 2018.07.26 - 30438OAKLAND COUNTY EMPLOYEES’ RETIREMENT AND DEFERRED COMPENSATION BOARD MINUTES The Oakland County Retirement and Deferred Compensation Board meeting was held July 26,
2018 at 1:30 p.m. in the East Oakland Conference Room, Executive Office Building. Members Present: James VanLeuven Jr. Joseph Rozell
Andy Meisner Thomas Middleton Curtis Childs Lauri Siskind Christopher Ward (designee of Chairperson, BOC) Members Absent: Jeffrey Phelps, with notice Laurie Van Pelt (designee of County Executive), with notice Others Present: Keith Lerminiaux, Corporation Counsel
Malcolm Brown, County Executive Jordie Kramer, Human Resources Jennifer Hain, Human Resources Kristy Slosson, Human Resources Silvia Frank, Human Resources Lisa Villella, Human Resources
Carly Webster, Human Resources Paige Ritchie, Human Resources Chris Kuhn, AndCo Consulting
Peter Brown, AndCo Consulting 1. Moved by Meisner, seconded by Siskind to approve the minutes of June 14, 2018. Motion carried. 2. Meeting was opened for public comment; no one spoke. 3. Moved by Rozell, seconded by Childs to approve the following Defined Benefit retirement
applications. Motion carried. RETIREMENT DEPARTMENT EFFECTIVE
Roberta Badgley Deferred 07/29/18 Joseph Campion Parks & Rec 09/29/18
Catherine Haynes Deferred 10/03/18 Randy Maloney Sheriff 07/14/18
David See Sheriff 08/18/18 Beatrice Stitt Community Corrections 09/01/18
Doreen Timms District Court IV 07/28/18
4. Moved by Childs, seconded by Middleton to approve the following Defined Contribution retirement applications. Motion carried.
RETIREMENT DEPARTMENT EFFECTIVE Denyse Carney Clerk/Reg of Deeds 08/04/18 Edith Gibbons H&HS 07/10/18 Charlie Morgan Children’s Village 08/02/18 Laurie Phillips Equalization 08/04/18 Sharon Rupe 52/2 District Court 08/04/18 Cheryl White FM&O 08/04/18 David Zanichelli Sheriff 07/11/18
Oakland County Employees’ Retirement and Deferred Compensation Board Minutes July 26, 2018 Page 2 5. Secretary Frank randomly drew four winners for the 2nd Quarter 2018 R.E.A.P. incentive.
Winners of $100 gift cards are:
NAME DEPARTMENT EDUCATIONAL OPPORTUNITY Shareen Lynch Prosecutor’s Office Prudential One-on-One Robert Smith Sheriff Pre-Retirement: Social Security Terry Chase Health Pre-Retirement: Social Security Marge Wishaw Clerks Pre-Retirement: Social Security
6. Moved by Childs, seconded by Ward to receive and file the 2nd Quarter 2018 Defined Benefit and Defined Contribution reports. Motion carried. 7. Moved by Meisner, seconded by Siskind to receive and file the July 2018 securities litigation report by The Miller Law Firm. Motion carried.
8. Moved by Meisner, seconded by Siskind to approve the Gabriel, Roeder, Smith & Co.
Invoice No. 439775 in the amount of $2,179 for the Minute Master Services for calendar year 2017. Motion carried.
9. Moved by Meisner, seconded by Childs to receive and file the Certificate of Liability
Insurance for Dune Real Estate Partners LP. Motion carried. 10. Peter Brown and Chris Kuhn of AndCo Consulting distributed the following reports and provided brief comments summarizing highlights contained in each:
• Oakland County Employees’ Retirement System (ERS) Defined Benefit Plan - Monthly Flash Report Period Ending June 30, 2018
• Oakland County Employees’ Retirement System (ERS) - Investment Performance
Review Period Ending December 31, 2017
• Oakland County Employees’ Retirement System (ERS) Superseding Trust – Monthly
Flash Report Period Ending June 30, 2018
• Oakland County Employees Retirement System (ERS) VEBA – Investment
Performance Review Period Ending December 31, 2017
• Oakland County Employees’ Retirement System (ERS) VEBA - Monthly Flash Report Period Ending June 30, 2018
• Oakland County Employees’ Retirement System (ERS) – Asset / Manager Summary – July 26, 2018
• Oakland County Employees’ Retirement System (ERS) – Superseding Trust Asset / Manager Summary – July 26, 2018
• Oakland County Employees’ Retirement System (ERS) – VEBA Asset / Manager Summary – July 26, 2018 11. Moved by Rozell, seconded by Childs to go into closed session regarding a Defined Contribution Non-Duty Disability retirement application pursuant to MCL 15.268(h) and MCL 15.243(1)(l) to discuss material exempt from disclosure under federal or state law including medical, counseling or psychological facts or evaluations that would identify the
individual involved.
Roll Call: Ayes: VanLeuven, Rozell, Childs, Ward, Middleton, Siskind Nays: None Motion carried. Closed session commenced at 2:32 p.m. Closed session concluded at 2:36 p.m., agenda resumed.
Oakland County Employees’ Retirement and Deferred Compensation Board Minutes July 26, 2018 Page 3 12. Moved by Rozell, seconded by Childs, to approve the Defined Contribution Non-Duty
Disability application effective July 27, 2018. Motion carried. 13. Moved by Siskind, seconded by Middleton, to go into closed session to discuss attorney
client privileged memorandum with respect to certain aspects of the 401(a) Defined Contribution, Defined Benefit and 457(b) Deferred Compensation plans. Roll Call: Ayes: VanLeuven, Rozell, Childs, Ward, Middleton, Siskind Nays: None Motion carried. Closed session commenced at 2:37 p.m.
Closed session concluded at 3:07 p.m., agenda resumed. 14. 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. August 23, 2018 – 1:30 p.m. 15. Chairperson VanLeuven adjourned the meeting without objection at 3:20 p.m.
Respectfully submitted,
__________________________________ __________________________________ James H. VanLeuven, Jr., Chairperson Silvia Frank, Secretary