HomeMy WebLinkAboutMinutes - 2015.08.20 - 32431OAKLAND COUNTY RETIREMENT
AND DEFERRED COMPENSATION BOARD MINUTES
The Oakland County Retirement and Deferred Compensation Board meeting was held August 20, 2015
at 1:30 p.m. in the East Oakland Conference Room.
Members Present: James H. VanLeuven, Jr. Curtis Childs
Jeffrey Phelps Andy Meisner
D’Arcy Gonzales Thomas Middleton
Eileen Kowall (designee of Board of Commissioners Chairperson)
Laurie VanPelt (designee of County Executive)
Members Absent: Joseph Rozell, with notice
Others Present: Judy Fandale, Human Resources
Jennifer Hain, Human Resources
Paige Ritchie, Human Resources
Keith Lerminiaux, Corporation Counsel
George Tarlas, ACG
Louise Gates, Gabriel, Roeder, Smith & Co.
Ken Alberts, Gabriel, Roeder, Smith & Co.
Kevin Smith, Prudential
Ben Jones, Gregory J. Schwartz & Co.
1. Moved by Gonzales supported by Meisner that the minutes of the July 23, 2015 Retirement and
Deferred Compensation Board Meeting be approved. Motion carried.
2. Meeting was opened for public comment; No one spoke.
3. Moved by VanPelt, seconded by Phelps to approve the following Defined Benefit retirement
applications. Motion carried.
DEPARTMENT OPTION HEALTH
ELIGIBILITY
RETIREMENT
EFFECTIVE
Crabtree, Graham Deferred A-100% Family(F) 09/06/15
Duggan, Cynthia Juvenile Court D-100% Family(F) 09/15/15
Rivard, MaryAnn Veterans A-100% Family(2) 08/15/15
Sager, Edward Information Tech D-100% Family(2) 10/17/15
Veselsky, Pamela Deferred D-100% Family(F) 08/21/15
4. Moved by Childs, seconded by Phelps to approve the following Defined Contribution retirement
applications. Motion carried.
DEPARTMENT HEALTH
ELIGIBILITY
RETIREMENT
EFFECTIVE
Darmody, Suann Deferred Family(2) 08/01/15
Friend, Deborah Treasurers 76% 08/15/15
Gerds, Robert Medical Examiner 68% 09/12/15
Peters, Brian Risk Management RHS-C 08/04/15
Riedy, Jean Childrens Village Family(F) 10/30/15
5. Moved by Gonzales, seconded by Childs to approve the non-duty death benefit of Michael Suarez,
Sheriff’s Department effective August 8, 2015. Motion carried.
Retirement Minutes August 20, 2015
Page 2
6. Moved by Meisner, seconded by Kowall to receive and file the August Deferred Compensation
Hardships. Motion carried.
7. Moved by Meisner, seconded by Childs to approve the invoice from Gabriel, Roeder, Smith & Co. in
the amount of $2,125 for updating the minutes and other related items for January 1, 2014 through
December 31, 2014 on Minute Master. Motion carried.
8. Moved by Kowall, seconded by Phelps to approve a cost of approximately $4,000 to $6,000 to have
the 1979 through March 31, 2010 Oakland County Deferred Compensation Minutes archived on the
Gabriel, Roeder, Smith & Co. Minute Master system. Motion carried.
9. Moved by Gonzales, seconded by Meisner to receive and file the August 20, 2015 Investment
Subcommittee meeting minutes. Motion carried.
10. Moved by Childs, seconded by Middleton to receive and file the 2nd Quarter 2015 Portfolio Monitoring
review regarding securities litigation prepared by the Miller Law Firm. Motion carried.
11. Kevin Smith from Prudential made a presentation to the Board.
12. George Tarlas from Asset Consulting Group presented the ASAP report to the Board.
13. Middleton moved to change the September 17 Board meeting to September 15. No support, motion
failed.
14. Moved by Meisner, seconded by Middleton to adjourn the meeting at 2:45 p.m. Motion carried.
The next meeting is scheduled for Thursday,September 17, 2015 at 1:30 p.m.
Respectfully submitted,
______________________________________ ______________________________________
James H. VanLeuven, Jr. Chairperson Judy D. Fandale, Secretary