HomeMy WebLinkAboutMinutes - 2015.01.22 - 32434OAKLAND COUNTY RETIREMENT
AND DEFERRED COMPENSATION BOARD MINUTES
The Oakland County Retirement and Deferred Compensation Board meeting was held January
22, 2015 at 1:30 p.m. in the W est Oakland Conference Room.
Members Present: James H. VanLeuven, Jr. D'Arcy Gonzales
Curtis Childs Jeffrey Phelps
Andy Meisner Thomas Middleton
Joseph Rozell
Laurie VanPelt (designee of County Executive)
Members Absent: Eileen Kowall
Others Present: Judy Fandale, Human Resources
Jennifer Hain, Human Resources
Megan Navarre, Human Resources
Keith Lerminiaux, Counsel to the Board
Natalie Neph, Treasurer’s Office
George Tarlas, ACG
Rebecca Holtz, Oakland County Retiree
Jon Feinberg, ABS Investment Management
Laurence Russian, ABS Investment Management
Secretary Judy Fandale chaired the meeting.
1. Moved by Gonzales, seconded by Rozell to approve the minutes of December 11, 2014.
Motion carried.
2. Meeting was opened for public comment; no one spoke.
3. Moved by Gonzales, seconded by Rozell that James H. VanLeuven, Jr. be nominated for
Chairperson. Moved by Middleton, seconded by VanPelt that nominations be closed and a
unanimous ballot be cast. Motion carried.
Chairperson James H. VanLeuven, Jr. assumed the chair.
3a. Moved by Rozell, seconded by Childs that Jeffrey Phelps be nominated for Vice-
Chairperson. Moved by Middleton, seconded by Gonzales that nominations be closed and a
unanimous ballot be cast. Motion carried.
4. Jon Feinberg and Laurence Russian from ABS Investment Management LLC, made a
presentation to the board on the Equity Long/Short Fund.
5. Moved by Meisner, seconded by Phelps to approve the following Defined Benefit retirement
applications. Motion carried.
HEALTH RETIREMENT
DEPT OPTION ELIGIBILITY EFFECTIVE
Church, Bonnie Deferred SL Family (1) 01/28/15
Erkins, Cedric Sheriffs A-100% Family (F) 01/24/15
Falardeau, Nancy Fiscal Services D-100% Family (2) 01/31/15
Hunt, Kirt Support Services A-100% Family (2) 01/27/15
Kelly, Daniel FM&O C Family (2) 03/18/15
Retirement Minutes January 22, 2015
Page 2
Defined Benefit Retirement applications continued-
HEALTH RETIREMENT
DEPT OPTION ELIGIBILITY EFFECTIVE
Krinn, Peggy Deferred SL Family (F) 01/28/15
Minard, Sue Prosecutors B-50% Family (2) 01/21/15
Riopelle, Anne Deferred C One Person 03/18/15
Szlenkier, Henry Circuit Court A-100% Family (F) 01/24/15
6. Moved by Childs, seconded by Gonzales to approve the following Defined Contribution
retirement applications. Motion carried.
HEALTH RETIREMENT
DEPT ELIGIBLIITY EFFECTIVE
Bolle, William 52-4 District Court Family (2) 01/02/15
Golob, Carol Health Family (2) 01/21/15
Hatchett, Mattie BOC RHS-C 01/02/15
Markiewicz, Terri Sheriffs Family (F) 01/21/15
Odle, Susan Fiscal Services 68% 02/03/15
Robins, Michael Sheriffs Family (F) 02/13/15
Shaw, Lynda Veterans Family (2) 02/11/15
Washburn, Joe WRC 64% 02/04/15
7. Moved by Rozell, seconded by Childs to close the meeting to discuss the Defined
Contribution non-duty disability retirement application for Carol Pote. Roll call was taken;
motion approved unanimously.
7a. Moved by Rozell, seconded by VanPelt to re-open the meeting. Roll call was taken;
motion approved unanimously.
7b. Moved by VanPelt, seconded by Rozell to approved the Defined Contribution non-duty
disability retirement application for Carol Pote effective December 19, 2014. Motion
carried.
8. Moved by Meisner, seconded by Middleton to receive and file the 4th Quarter 2014 Defined
Benefit and Defined Contribution reports. Motion carried.
9. Moved by Rozell, seconded by Gonzales to receive and file the Deferred Compensation
hardships for January 2015. Motion carried.
10. Middleton drew names for the 4th Quarter 2014 R.E.A.P. (Retirement Education &
Awareness Program) drawing. Congratulations to the winners of the $100 Visa Gift Cards;
John Jacob, from OCSD for attending an ICMA-RC 1:1 consultation, Laura Gabriel, from
Animal Control for attending a Pre-Retirement class, Melissa Walters from 52-1 District
Court for attending an ICMA-RC 1:1 consultation and Erica Perry from 52-1 District Court for
attending an ICMA-RC 1:1 consultation.
11. George Tarlas from Asset Consulting Group presented the ASAP report to the Board and
summarized the Year in Review report.
12. Discussion regarding Defined Benefit beneficiary designations. No action taken.
Retirement Minutes January 22, 2015
Page 3
13. Other Business:
a. Chairman VanLeuven appointed VanPelt, Gonzales, Meisner and himself to the
Investment Sub-committee for 2015.
b. Chairman VanLeuven will appoint an ad-hoc Education Sub-committee if needed
throughout the year.
c. Chairman VanLeuven moved the April 23, 2015 Board meeting to April 28, 2015 at
1:00pm. The Retirement office will notify the Board of the meeting location.
d. VanPelt suggested a broadcast message be sent out to all employees encouraging them
to consider allocating the money they’re saving on low gasoline prices, toward the
Deferred Compensation plan.
14. Moved by Gonzales seconded by Childs to adjourn the meeting at 3:15 p.m. Motion carried.
The next meeting is scheduled for Thursday, February 19, 2015 at 1:30 p.m.
Respectfully submitted,
____________________________________ ____________________________________
James H. VanLeuven, Jr. – Chairperson Judy D. Fandale, Secretary