HomeMy WebLinkAboutMinutes - 2019.06.20 - 32062OAKLAND COUNTY VEBA BOARD MINUTES
The Oakland County Voluntary Employees' Beneficiary Association (VEBA) Board was held
June 20, 2019 at 2:44 p.m. in the West Oakland Conference Room, L. Brooks Patterson
Building.
Members Present:
James VanLeuven, Jr.
Andy Meisner
Malcolm Brown
Curtis Childs
Lauri Siskind
Members Absent: Helaine Zack (with notice)
Others Present:
Joseph RazeIl
Dave Woodward
Jeff Phelps
Jordie Kramer, Human Resources
Jennifer Hain, Human Resources
Silvia Frank, Human Resources
Carly Webster, Human Resources
Aaron Castle, VanOverbeke, Michaud & Timmony, P.C.
Kathy Sanders, Human Resources
Chris Kuhn, AndCo
Peter Brown, AndCo
Louise Gates, Gabriel, Roeder, Smith and Co.
1. Moved by Meisner, seconded by RozelI to approve the minutes of May 16, 2019. Motion
carried.
2. Meeting was opened for public comment. Chairperson VanLeuven amended the agenda to
add Gabriel, Roeder, Smith and Co. (GRS) Presentation of the VEBA Actuarial Valuation
for item 6.
3. Moved by Siskind, seconded by Phelps to approve the GRS invoice No. 446913 in the
amount of $2,243 for Minute Master services for calendar year 2018. Motion carried.
4. Moved by Siskind, seconded by Phelps to receive and file the Election Committee
Statement certifying that James H. VanLeuven, Jr., unopposed candidate, will serve as the
Retiree Member for the term ending August 31, 2021. Motion carried.
5. Moved by Childs, seconded by Woodward, to receive and file the Acceptance Statement of
James H. VanLeuven, Jr., who will serve as Retiree Member for the term ending August
31, 2021. Motion carried.
6. Louise Gates of GRS presented the Oakland County Retirees' Health Care Trust Annual
Actuarial Valuation Report as of September 30, 2018.
7. Chris Kuhn and Peter Brown of AndCo distributed the following reports and provided a
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 May 31, 2019
• Oakland County Employees' Retirement System (ERS) VEBA Defined Benefit
Plan Asset / Manager Summary — June 13, 2019
Oakland County VERA Board Minutes
June 20, 2019
Page 2
8. Other Business:
a. Chairperson VanLeuven noted the next meeting of this Board:
i. July 18, 2019
9. Chairperson VanLeuven adjourned the meeting without objection at 2:55 p.m.
dllaee di,u4ity
Respectfully submitted
es H. VanLeuven Jr., Chairp�f�on
Silvia Fr: '' , Secre ary