HomeMy WebLinkAboutMinutes - 2019.05.16 - 31864OAKLAND COUNTY EMPLOYEES'
RETIREMENT AND DEFERRED COMPENSATION BOARD MINUTES
The Oakland County Retirement and Deferred Compensation Board meeting was held May 16,
2019 at 1:38 p.m. in the West Oakland Conference Room, L. Brooks Patterson Building.
Members Present:
Others Present:
James VanLeuven Jr.
Andy Meisner
Malcolm Brown
Helaine Zack
Lauri Siskind
Joseph Rozell
Dave Woodward
Curtis Childs
Jeff Phelps
Jordie Kramer, Human Resources
Jennifer Hain, Human Resources
Silvia Frank, Human Resources
Carly Webster, Human Resources
Michael VanOverbeke, VanOverbeke, Michaud & Timmony, P.C.
Aaron Castle, VanOverbeke, Michaud & Timmony, P.C.
Mike McCann, Prudential
Dan Evans, Prudential
Jason May, Graystone Consulting
Freddie Sarno, Graystone Consulting
Adam Owczarzak, Clerk/Register of Deeds
Max Mindell, Treasurer's Office
Brian Hartwell, City of Madison Heights
1. Moved by RozeII, seconded by Siskind to approve the minutes of April 25, 2019. Motion
carried.
2. Meeting was opened for public comment. Trustee Meisner introduced Max Mindell, who is
completing an internship in the Treasurer's Office.
3. Moved by Childs, seconded by Phelps to approve the following Defined Benefit retirement
applications. Motion carried.
Michael Amshay
Rodney Denmark
Vlas Haloostock
RETIREMENT
DEPARTMENT EFFECTIVE
Circuit Court 06/01/2019
Sheriff's Office 06/08/2019
Support Services 05/24/2019
4. Moved by Rozell, seconded by Meisner to approve the following Defined Contribution
retirement applications. Motion carried.
RETIREMENT
DEPARTMENT EFFECTIVE
JoAnne Bemis Sheriff's Office 06/08/2019
Johanne Bradwell Health 06/08/2019
Donna Curran Prosecuting Attorney 04/27/2019
Sue Dignard Health 06/29/2019
Bonnie Redmond 52/4 District Court 06/29/2019
Joseph Schell Sheriffs Office 07/10/2019
Caroline Van Leuven Sheriff's Office 05/24/2019
5. Chairperson VanLeuven appointed an ad hoc committee including Trustees RozeII (Chair),
Phelps, Childs and Siskind to work with Secretary Frank and Counsel to prioritize fiduciary
policies & procedures that will be brought to the Board.
Oakland County Employees' Retirement and Deferred Compensation Board Minutes
May 16, 2019
Page 2
6. Moved by Rozell, seconded by Meisner to approve the Legal Representative Agreement
with VanOverbeke, Michaud & Timmony, P.C. Discussion followed.
Trustee Brown moved to defer approval until the agreement has been reviewed by
Corporation Counsel. No one seconded the motion. Motion failed.
Motion carried (8 Ayes, 1 Nay).
7. Moved by Meisner, seconded by RozeII to receive and file the Retirement Board 2019
Retiree Election Calendar for term ending August 31, 2021. Motion carried.
8. Mike McCann of Prudential Retirement distributed and presented the Oakland County
Retirement Plans Summary as of March 31, 2019.
9. Jason May of Graystone Consulting distributed and presented the Plan Investment Review
Oakland County 401(a) and 457(b) Plans as of March 31, 2019.
10. Michael VanOverbeke and Aaron Castle provided an update on legal matters.
a. Moved by Childs, seconded by Siskind to receive and file the May 2019 update on
securities litigation by Miller Law Firm. Motion carried.
b. Aaron Castle discussed the May 16, 2019 Policy Review Memo and the draft
Communications Policy that the ad hoc committee will review.
11. Other Business
a. Trustee Brown provided an update on legal matters within the Oakland County
Employees' Retirement System.
b. Trustee Woodward provided a status update on the Plan Amendments awaiting
approval of the Board of Commissioners.
c. Chairperson Van Leuven noted the next meeting of this Board:
i. June 20, 2019 — 1:30 p.m.
12. Chairperson VanLeuven adjourned the meeting without objection at 2:43 p.m.
Respectfully submitted,
Jam H. VanLeuven, Jr., Chair.rrson
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