HomeMy WebLinkAboutMinutes - 2016.08.06 - 32413OAKLAND COUNTY RETIREMENT
AND DEFERRED COMPENSATION BOARD MINUTES
The Oakland County Retirement and Deferred Compensation Board meeting was held August
11, 2016 at 1:30 p.m. in the East Oakland Conf erence Room.
Members Present: James H. VanLeuven, Jr. Curtis Childs
Andy Meisner Thomas Middleton
Jeffrey Phelps Joseph Rozell
Laurie VanPelt (designee of County Executive)
Christopher Ward (designee of Chairman, BOC)
Members Absent: Lauri Siskind, with notice
Others Present: Judy Fandale, Human Resources
Jennifer Hain, Human Resources
Paige Ritchie, Human Resources
Keith Lerminiaux, Corporation Counsel
Jason Ashline, ICMA-RC
Sandra Rouse-Thomas, ICMA-RC
Nancy Lange, ICMA-RC
Ken Wedemeyer, ICMA – RC
David Breuhan, Schwartz & Co.
Janette Schad, Schwartz & Co.
Edward Schwartz, Schwartz & Co.
1. Moved by Meisner, seconded by Phelps to approve the minutes of July 21, 2016. Motion
carried.
2. Meeting was opened for public comment. No one spoke.
3. Moved by Childs, seconded by Phelps to approve the following Defined Benefit retirement
applications. Motion carried.
DEPARTMENT OPTION HEALTH
ELIGIBILITY
RETIREMENT
EFFECTIVE
DerPilibosian, Lori Deferred SL Family(1) 09/05/2016
Foltz, Michelle Sheriff’s A-100% Family(F) 10/15/2016
Hall, Dorothy F. Sheriff’s SL Family(F) 10/15/2016
Hein, Timothy Sheriff’s A-100% Family(F) 10/15/2016
Lake, Deborah Workforce Develop D-50% Family(1) 08/20/2016
Raska, Marcy J. Health Dept. SL Family(F) 09/01/2016
Scobie, Paul Circuit Court D-100% Family(2) 09/01/2016
4. Moved by Middleton, seconded by Phelps to approve the following Defined Contribution
retirement applications. Motion carried.
DEPARTMENT HEALTH
ELIGIBILITY
RETIREMENT
EFFECTIVE
Taylor, Cathy IT Family(F) 09/02/2016
Retirement Minutes August 11, 2016
Page 2
5. Moved by Rozell, seconded by Childs to receive and file the update on securities litigation
by Barrack, Rodos and Bacine. Motion carried.
6. Ken Wedemeyer, Sandra Rouse-Thames, Nancy Lange, and Jason Ashline from ICMA-RC
made a presentation to the Board.
7. Edward Schwartz, Janette Schad, and David Breuhan from Gregory J. Schwartz & Co.
made a presentation to the Board.
8. Moved by Rozell, seconded by Childs to sell the S.K. Telecom, restricted fund, from the
Loomis portfolio. Motion carried.
9. Moved by Meisner, seconded by Rozell to remove the T. Rowe Price small cap value fund
from the 401(a) watchlist. Motion carried.
10. Moved by Meisner, seconded by Childs to remove the MFS International Growth fund from
the watch list and add the Putnam Equity Spectrum and Putnam Growth Opportunities funds
to the watchlist in the 457 portfolio. Motion carried.
11. Moved by Rozell, seconded by VanPelt to adjourn the meeting at 3:05 p.m. Motion carried.
The next meeting is scheduled for Thursday, September 22, 2016 at 1:30 p.m.
Respectfully submitted,
____________________________________ ____________________________________
James H. VanLeuven, Jr. – Chairperson Judy D. Fandale, Secretary