HomeMy WebLinkAboutMinutes - 2016.05.26 - 32412OAKLAND COUNTY RETIREMENT
AND DEFERRED COMPENSATION BOARD MINUTES
The Oakland County Retirement and Deferred Compensation Board meeting was held July 21,
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
Jennifer Hain, Human Resources
Kathy Sanders, Human Resources
Keith Lerminiaux, Corporation Counsel
Kenneth Tyszko, RBC Global Asset Management
Bridget A. Tompkins, RBC Global Asset Management
Michael Valchine, NEPC
Kim Kaczor, NEPC
Ben Jones, Schwartz & Co
1. Moved by Meisner, seconded by Siskind to approve the minutes of June 23, 2016. Motion
carried.
2. Meeting was opened for public comment; James VerPloeg announced he was leaving
Oakland County and this would be his last attended meeting. The Board thanked him and
wished him well.
3. Moved by Rozell, seconded by Childs to approve the following Defined Benefit retirement
applications. Motion carried.
DEPARTMENT OPTION HEALTH
ELIGIBILITY
RETIREMENT
EFFECTIVE
Burkett, Peter G. Sheriff SL Family(F) 07/29/16
Dougherty, Kathleen Parks & Rec D-50% Family(2) 07/30/16
Hill, Darrell Sheriff SL Family(2) 07/31/16
Polley, Dale A. Deferred D-50% Family(F) 07/24/16
Skewes, Amy J. Probate Court D-100% Family(F) 09/03/16
Willhite, Debra Clerk/Register SL Family(1) 07/30/16
4. Moved by Phelps, seconded by Childs to approve the following Defined Contribution
retirement applications. Motion carried.
DEPARTMENT HEALTH
ELIGIBILITY
RETIREMENT
EFFECTIVE
Alderman, Kenneth Sheriff Family(F) 06/30/16
Eason, Beatrice Comm & Home Impr Family(2) 09/02/16
Foshia, Martha Parks & Recreation 60% 07/09/16
Young, Judith Comm & Home Impr RHSC 06/25/16
Retirement Minutes July 21, 2016
Page 2
5. VerPloeg drew four names for the 2nd quarter 2016 REAP drawing. The winners of a $100
Visa gift card are Marline Rodgers, Medical Examiners, for attending a Fidelity 1:1; Aletha
Craig, Purchasing, for attending 1:1 with Schwartz & Co.; Bethany Kenney, Homeland
Security, for attending a Fidelity presentation “What to do with workplace savings”; and
Sheri Zelek, 52-3 District Court, for attending 1:1 with ICMA-RC.
6. Moved by Meisner, seconded by Middleton to approve the invoice from Gabriel, Roeder,
Smith & Co in the amount of $8,000 for services provided for the Retirement System
assumption study. Motion carried.
7. Moved by VanPelt, seconded by Rozell to approve the July 19, 2016 Investment
Subcommittee minutes. Motion carried.
7a. Moved by VanPelt, seconded by Rozell to approve the final template of the Vertas contract
for an easy transition of managers. Motion carried.
8. Moved by Meisner, seconded by Childs to receive and file the 2nd Quarter 2016 Defined
Benefit and Defined Contribution Reports. Motion carried.
9. Moved by Rozell, seconded by Childs to receive and file the Sheriff Deputy Association
request to Gabriel, Roeder, Smith & Co. Motion carried.
10. Kenneth Tyszko and Bridget Tompkins from RBC Global Asset Mangement made a
presentation to the Board.
11. Mike Valchine and Kim Kaczor from NEPC presented the Flash Report to the Board.
12. Moved by Rozell, seconded by VanPelt to receive and file the Miller Law firm portfolio
review. Motion carried.
13. Keith Lerminiaux gave a brief update on systematic withdrawals with Fidelity.
14. Moved by Meisner, seconded by Middleton to adjourn the meeting at 3:00p.m. Motion
carried.
The next meeting is scheduled for Thursday, August 11, 2016 at 1:30 p.m.
Respectfully submitted,
____________________________________ ____________________________________
James H. VanLeuven, Jr. – Chairperson Judy D. Fandale, Secretary