HomeMy WebLinkAboutMinutes - 2019.03.21 - 31306OAKLAND COUNTY VEBA BOARD MINUTES
The Oakland County Voluntary Employees’ Beneficiary Association (VEBA) Board was held
March 21, 2019 at 2:50 p.m. in the West Oakland Conference Room, L. Brooks Patterson
Executive Office Building.
Members Present: Joseph Rozell Andy Meisner
Jeff Phelps Helaine Zack
Dave Woodward Curtis Childs
Malcolm Brown (designee of County Executive)
Members Absent: James VanLeuven Jr. (with notice)
Lauri Siskind (with notice)
Others Present: Keith Lerminiaux, Corporation Counsel
Jordie Kramer, Human Resources
Jennifer Hain, Human Resources
Silvia Frank, Human Resources
Carly Webster, Human Resources
Chris Kuhn, AndCo
Peter Brown, AndCo
Vice Chairperson Rozell chaired the meeting.
1. Moved by Phelps, seconded by Childs to approve the minutes of February 21, 2019.
Motion carried.
2. Meeting was opened for public comment; no one spoke.
3. Moved by Childs, seconded by Meisner to receive and file the March 8, 2019 required
reporting for the State of Michigan PA 202 of 2017 Health Care (OPEB) Report and Memo
to the Board of Commissioners. Motion carried.
4. Moved by Meisner, seconded by Phelps to receive and file the Oakland County Retirees’
Health Care Trust Annual Actuarial Valuation Report as of September 30, 2018, provided
by Gabriel, Roeder, Smith and Co. Motion carried.
5. Chris Kuhn and Peter Brown of AndCo Consulting distributed the following reports and
provided brief comments summarizing highlights contained in each:
• Oakland County Employees’ Retirement System (ERS) VEBA Investment
Performance Review Period Ending December 31, 2018
• Oakland County Employees’ Retirement System (ERS) VEBA Monthly Flash Report
Period Ending February 28, 2019
• Oakland County Employees’ Retirement System (ERS) VEBA
Asset / Manager Summary – March 13, 2019
6. Other Business:
a. Vice Chairperson Rozell noted the next meeting of this Board:
i. April 25, 2019
b. Secretary Frank and Chris Kuhn provided a verbal update on the status of the Legal
Counsel Request for Proposal (RFP).
7. Vice Chairperson Rozell adjourned the meeting without objection at 2:54 p.m.
Respectfully submitted,
__________________________________ ____________________________________
Joseph Rozell, Vice Chairperson Silvia Frank, Secretary