HomeMy WebLinkAboutMinutes - 2016.10.20 - 32415OAKLAND COUNTY RETIREMENT
AND DEFERRED COMPENSATION BOARD MINUTES
The Oakland County Retirement and Deferred Compensation Board meeting was held October
20, 2016 at 1:30 p.m. in the West Oakland Conference Room.
Members Present: James H. VanLeuven Jr. Curtis Childs
Andy Meisner Thomas Middleton
Joseph Rozell Lauri Siskind
Laurie Van Pelt (designee of County Executive)
Christopher Ward (designee of Board of Commissioners Chairperson)
Absent with Notice: Jeffrey Phelps
Others Present: Judy Fandale, Secretary
Jennifer Hain, Human Resources
Rhonda VanTiflin, Human Resources
Paige Ritchie, Human Resources
Lisa Villella, Human Resources
Ben Jones, Gregory J. Schwartz & Co.
Joseph Conroy, Wells Capital Management
Gerry Colleary, Wells Capital Management
1. Moved by Middleton, seconded by Van Pelt, to approve the Board minutes of September
22, 2016. Motion carried.
2. Meeting was opened for public comment; no one spoke.
3. Joseph Conroy and Gerry Colleary of Wells Capital Management provided a third quarter
2016 review of Berkeley Street Emerging Markets Equity Fund to the Board.
4. Moved by Childs, seconded by Ward, to approve the following Defined Benefit retirement
applications. Motion carried.
DEPARTMENT
RETIREMENT
EFFECTIVE
Coutu, Mary E. Deferred 11/13/2016
Crane, Kathy Jo Community & Home Improvement 11/15/2016
Dura, Rose M. Health 11/01/2016
Fandale, Judy D. HR – Retirement 11/16/2016
Fortune Sr., Timothy J. Deferred 12/17/2016
Jorgensen, John A. Sheriff 10/29/2016
Massoll, Denise A. Health 12/03/2016
Pryor, Sonya J. Equalization 10/15/2016
Pyles, Paula J. FOC 10/29/2016
Rivard-Sucher, Diane M. FOC 11/05/2016
Saple, Mary L. Animal Control 12/15/2016
Sauer, Susan M. Deferred 11/26/2016
Oakland County Retirement and Deferred Compensation Board Minutes
October 20, 2016
Page 2
5. Moved by Rozell, seconded by Meisner, to approve the following Defined Contribution
retirement applications. Motion carried.
DEPARTMENT
RETIREMENT
EFFECTIVE
Harroun, Wilma Jean Circuit Court 11/05/2016
Zimanski, Barbara A. Health 11/29/2016
6. Moved by Van Pelt, seconded by Siskind, to receive and file the September 22, 2016
Investment Subcommittee minutes. Motion carried.
7. Moved by Rozell, seconded by Childs, to receive and file the October 20, 2016 Investment
Subcommittee minutes. Motion carried.
a. Moved by Van Pelt, seconded by Rozell to approve the request for proposal (RFP)
for 401(a) Defined Contribution and 457(b) Deferred Compensation investment
consulting services derived from the Investment Subcommittee meeting of October
20, 2016, and the timetable detailed therein. Motion carried.
8. Moved by Ward, seconded by Van Pelt to approved the 2017 Board meeting calendar with
the incorporated revisions moving the February and September meetings to the 16th and
14th, respectively. Motion carried.
9. Moved by Van Pelt, seconded by Ward, to receive and file the 3rd Quarter 2016 Defined
Benefit and Defined Contribution reports. Motion carried.
10. Moved by Childs, seconded by Siskind, to receive and file the October 2016 summary
update on securities litigation provided by The Miller Law Firm. Motion carried.
11. Chairperson VanLeuven appointed a Nominating Committee for the election to be held
December 6, 2016 including himself and Trustees Rozell and Ward.
12. Secretary Fandale drew four names for the 3rd quarter 2016 REAP drawing. The winners
of $100 gift cards are Edna Lee-Brantley and Valentina Standfield, for attending a one-on-
one consultation with Fidelity, and Carol Esher and Lawrence Doyle who both attended
presentations conducted by ICMA-RC.
13. Other business:
a. Chairperson VanLeuven and Trustee Siskind expressed accolades for Secretary
Fandale for her service in support of the Board and congratulations on her
forthcoming retirement.
b. Chairperson VanLeuven appointed an ad hoc committee for review and response to
requests for additional information regarding the 401(a) Defined Contribution and
457(b) Deferred Compensation investment consulting services RFP. Trustees
Rozell, Siskind and Van Pelt were appointed with Van Pelt as the ad hoc committee
chair.
c. Jennifer Hain thanked Secretary Fandale for her years of loyal service to the County
and the Board, and announced all are invited to an open house in Secretary
Fandale’s honor on Wednesday, November 9, 2016 from 1:00 – 3:00 p.m.
Oakland County Retirement and Deferred Compensation Board Minutes
October 20, 2016
Page 3
14. Moved by Childs, seconded by Siskind, to adjourn the meeting at 2:28 p.m. Motion
carried.
The next meeting is scheduled for Thursday, November 17, 2016 at 1:30 p.m.
Respectfully submitted,
____________________________________ ____________________________________
James H. VanLeuven Jr., Chairperson Judy D. Fandale, Secretary