HomeMy WebLinkAboutMinutes - 2015.12.10 - 32432OAKLAND COUNTY RETIREMENT
AND DEFERRED COMPENSATION BOARD MINUTES
The Oakland County Retirement and Deferred Compensation Board meeting was held
December 10, 2015 at 1:30 p.m. in the East Oakland Conference Room.
Members Present: James H. VanLeuven, Jr. Curtis Childs
Jeffrey Phelps Andy Meisner
Joseph Rozell Thomas Middleton
Laurie VanPelt (designee of County Executive)
Members Absent: Eileen Kowall (designee of Board of Commissioners Chairperson)
Others Present: Judy Fandale, Human Resources
Jennifer Hain, Human Resources
Megan Navarre, Human Resources
Keith Lerminiaux, Corporation Counsel
George Tarlas, Asset Consulting Group
David Breuhan, Gregory J. Schwartz & Co.
Ben Jones, Gregory J. Schwartz & Co.
Caldwell Calame, Wedge
John Norman, Wedge
1. Moved by Rozell supported by Phelps to approve the minutes of the November 19, 2015
Retirement and Deferred Compensation Board meeting. Motion carried.
2. Meeting was opened for public comment, no one spoke.
3. Moved by Childs, seconded by Rozell to approve the following Defined Benefit retirement
applications. Motion carried.
DEPARTMENT OPTION HEALTH
ELIGIBILITY
RETIREMEN
T
EFFECTIVE
Ross, Susan Deferred SL Family (F) 01-23-2016
4. Moved by Meisner, seconded by Rozell to approve the following Defined Contribution
retirement applications. Motion carried.
DEPARTMENT HEALTH
ELIGIBILITY
RETIREMEN
T
EFFECTIVE
Diego, Liwayway Health Family (2) 01-23-2016
Hess, James IT Family (2) 12-31-2015
Overby, Keith Sheriff Family (2) 11-26-2015
5. Moved by Meisner, seconded by VanPelt to approve the 2016 Retirement, Deferred
Compensation and VEBA Board meeting calendar. Motion carried.
6. Caldwell Calame and John Norman, Wedge Capital Management made a presentation to
the board for the Midcap Value Fund.
7. George Tarlas, Asset Consulting Group presented the ASAP report to the Board.
Retirement Minutes December 10, 2015
Page 2
8. David Breuhan and Ben Jones, Gregory J. Schwartz & Co. made a presentation to the
Board regarding the share class and pricing for the 401(a) Vantagepoint Fund.
8a. Moved by Rozell, seconded by Childs to replace the Defined Contribution 401(a)
Vantagepoint Mid/Small Company Index fund with the JP Morgan Market Expansion Index
Select fund. Motion carried.
8b. Moved by Rozell, seconded by Childs to replace the Defined Contribution 401(a)
Vantagepoint Broad Market Index fund with the Fidelity Spartan 500 Index fund. Motion
carried.
9. Moved by Rozell, seconded by VanPelt to adjourn the meeting at 3:05 p.m. Motion carried.
The next meeting is scheduled for Thursday, January 14, 2016 at 1:30 p.m.
Respectfully submitted,
__________________________________ ___________________________________
James H. VanLeuven, Jr. Chairperson Judy D. Fandale, Secretary