HomeMy WebLinkAboutMinutes - 2015.06.18 - 32436OAKLAND COUNTY RETIREMENT
AND DEFERRED COMPENSATION BOARD MINUTES
The Oakland County Retirement and Deferred Compensation Board meeting was held June 18, 2015 at
1:30 p.m. in the W est Oakland Conference Room.
Members Present: James H. VanLeuven, Jr. Curtis Childs
D'Arcy Gonzales Andy Meisner
Thomas Middleton Jeffrey Phelps
Joseph Rozell
Laurie VanPelt (designee of County Executive)
Eileen Kowall (Designee of Chairman Board of Commissioners)
Members Absent: None
Others Present: Judy Fandale, Human Resources
Megan Navarre, Human Resources
Natalie Neph, Treasurers
Justin Blitchok, Treasurers
George Tarlas, ACG
Charles Price, Pictet
James Sapsford, Pictet
Michael Powers, Lazard
Tony Dote, Lazard
1. Moved by Meisner supported by Rozell the minutes of the May 14, 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
Breen, Patrick Circuit Court A – 100% Family (2) 06/27/2015
Dickie, Vicki Health D – 100% Family (2) 07/15/2015
Goodman, Deborah Childrens Village SL Family (1) 07/01/2015
Humphrey-Shaw, Evelyn Equalization B – 50% Family (2) 06/27/2015
Nichols, Rudy Circuit Court A- 100% RHS-Conv 07/01/2015
Norris, Gloria Equalization SL Family (2) 07/25/2015
4. Moved by Childs, seconded by Gonzales to approve the following Defined Contribution retirement
applications. Motion carried.
DEPARTMENT HEALTH
ELIGIBILITY
RETIREMENT
EFFECTIVE
Brock, Debra IT Family (2) 06/19/2015
Hanser, Richard Sheriffs Family (F) 06/13/2015
Poisson, Peggy Community Corrections None 07/02/2015
Mary Stewart Circuit Court 60% 07/25/2015
Linda Strickland Deferred Family (1) 07/01/2015
5. Moved by Rozell, seconded by Middleton to receive and file the June 2015 Deferred Compensation
hardships. Motion carried.
Retirement Minutes June 18, 2015
Page 2
6. Moved by Gonzales, seconded by Meisner to receive and file the June 18, 2015 Investment
Subcommittee meeting minutes. Motion carried.
6a. Moved by VanPelt, seconded by Gonzales to distribut e the Request for Proposal for the Defined
Benefit plan consultant. Motion carried.
7. Charles Price and James Sapsford from Pictet Asset Management, presented the International
Equities fund to the Board.
8. Michael Powers and Tony Dote from Lazard Asset Management, presented the International
Strategic Equity Plus fund to the Board.
9. George Tarlas from Asset Consulting Group, presented the ASAP report to the Board.
10. Other Business:
a. Chairman VanLeuven notified the Board that the County has received a notice of Audit from the
IRS for the Oakland County 457(b) plan and the appropriate parties are preparing a response.
b. Chairman VanLeuven announced there will be no Retiree member election as he ran unopposed
for the term ending August 31, 2017.
c. Secretary Fandale notified the board that notices have gone out to employees in the Defined
Contribution and Deferred Compensation plan regarding revenue sharing in these plans.
d. Chairman VanLeuven set the next Investment Subcommittee m eeting for Thursday, July 23, 2015
at 10:00am.
11. Moved by VanPelt, seconded by Middleton to adjourn the meeting at 3:30pm. Motion carried.
The next meeting is scheduled for Thursday, July 23, 2015 at 1:30 p.m.
Respectfully submitted,
______________________________________ ______________________________________
James H. VanLeuven, Jr. Chairperson Judy D. Fandale, Secretary