HomeMy WebLinkAboutMinutes - 2016.06.23 - 32411OAKLAND COUNTY RETIREMENT
AND DEFERRED COMPENSATION BOARD MINUTES
The Oakland County Retirement and Deferred Compensation Board meeting was held June 23,
2016 at 1:30 p.m. in the W est Oakland Conference Room.
Members Present: James H. VanLeuven, Jr. Curtis Childs
Andy Meisner Thomas Middleton
Jeffrey Phelps Joseph Rozell
Lauri Siskind
Laurie VanPelt (designee of County Executive)
James VerPloeg (designee of Chairman, BOC)
Others Present: Judy Fandale, Human Resources
Paige Ritchie, Human Resources
Keith Lerminiaux, Corporation Counsel
Sandra Rouse-Thames, ICMA-RC
Ken Wedemeyer, ICMA-RC
Kathleen Wilson, ICMA-RC
Jeff Braemer, Times Square
Michael Valchine, NEPC
Douglas Mosley, NEPC
Dave Breuhan, Schwartz & Co
Louise Gates, GRS
Judith Cunningham, OC Retiree
Zack Thomas, Clerk/ROD
1. Moved by Meisner, seconded by Rozell to approve the minutes of May 26, 2016. Motion
carried.
2. Meeting was opened for public comment; Judith Cunningham addressed the board
regarding an error with her Fidelity account.
3. Moved by Childs, seconded by Middleton to approve the following Defined Benefit
retirement applications. Motion carried.
DEPARTMENT OPTION HEALTH
ELIGIBILITY
RETIREMENT
EFFECTIVE
Craine, Pamela Fiscal Services A-100% Family (2) 07/23/2016
Dobbs, Susan Health SL Family (1) 07/07/2016
Goodlein, Karen Prosecutors A-100% Family(1) 07/30/2016
McLernon, James Sheriff A-100% Family(F) 07/15/2016
Merritt, Mark Sheriff A-100% Family (F) 07/09/2016
Simpson, Anthony Deferred A-100% Family (2) 07/02/2016
Taylor, Kurt FM&O B-50% Family(F) 07/30/2016
4. Moved by Phelps, seconded by VanPelt to approve the following Defined Contribution
retirement applications. Motion carried.
DEPARTMENT HEALTH
ELIGIBILITY
RETIREMENT
EFFECTIVE
Agacinski, Karen Corp Counsel 80% 06/07/2016
Brancheau, Jane Health 84% 08/04/2016
Creguer, Diane Fiscal Services 80% 06/18/2016
Donohue Jr, Robert Planning 68% 06/02/2016
Everingham, Kenneth Deferred Family(2) 06/18/2016
Hays, Patricia Probate Court Family (1) 06/18/2016
Retirement Minutes June 23, 2016
Page 2
5. Moved by VanPelt, seconded by Meisner to approve the invoice from Gabriel, Roeder,
Smith & Co in the amount of $5,000 for archiving the Oakland County Deferred
Compensation Board minutes on Minute Master for the period of 1979 through March 31,
2010. Motion carried.
6. Moved by Rozell, seconded by Middleton to approve the invoice from Gabriel, Roeder,
Smith & Co in the amount of $23,500 for retainer services provided to the Retirement
System during calendar year 2016. Motion carried.
7. Moved by Childs, seconded by VerPloeg to receive and file the Oakland County Employees’
Retirement System Summary Annual Report to Members as of September 30, 2105. Motion
carried.
8. Ken Wedemeyer, Sandra Rouse-Thames, Kathleen Wilson from ICMA-RC made a
presentation to the Board.
9. Jeff Braemer from Times Squares made a presentation to the Board.
10. Michael Valchine and Douglas Mosley from NEPC made a presentation to the Board.
11. Moved by VanPelt, seconded by Siskind to allow Loomis Sayles to invest in agency MOS
trust. Motion carried.
12. Moved by Rozell, seconded by VanPelt to receive and file the Miller Law firm portfolio
review. Motion carried.
13. Moved by Meisner, seconded by Middleton to adjourn the meeting at 3:30p.m. Motion
carried.
The next meeting is scheduled for Thursday, July 21, 2016 at 1:30 p.m.
Respectfully submitted,
____________________________________ ____________________________________
James H. VanLeuven, Jr. – Chairperson Judy D. Fandale, Secretary