HomeMy WebLinkAboutMinutes - 2015.09.17 - 32441OAKLAND COUNTY RETIREMENT
AND DEFERRED COMPENSATION BOARD MINUTES
The Oakland County Retirement and Deferred Compensation Board meeting was held September 17,
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
Joseph Rozell
Eileen Kowall (designee of Board of Commissioners Chairperson)
Laurie VanPelt (designee of County Executive)
Members Absent: None
Others Present: Judy Fandale, Human Resources
Jennifer Hain, Human Resources
Paige Ritchie, Human Resources
Keith Lerminiaux, Corporation Counsel
John Lawson, T. Rowe Price
Jennifer Martin, T. Rowe Price
David Breuhan, Gregory J. Schwartz & Co.
Ben Jones, Gregory J. Schwartz & Co.
Ed Schwartz, Gregory J. Schwartz & Co.
1. Moved by VanPelt supported by Kowall that the minutes of the August 20, 2015 Retirement and
Deferred Compensation Board Meeting be approved. Motion carried.
2. Meeting was opened for public comment. The Board recognized and thanked D’Arcy Gonzales for his
years of service on the Board.
3. Moved by Childs, seconded by Rozell to approve the following Defined Benefit retirement
applications. Motion carried.
DEPARTMENT OPTION HEALTH
ELIGIBILITY
RETIREMENT
EFFECTIVE
Casper, Debra WRC SL Family(2) 10/15/2015
Cullen-Connor, Susan K Reimbursement D-50% Family(2) 10/24/2015
Fisher, Scott Sheriffs D-100% Family(F) 10/16/2015
Gohagen, Donald D. Deferred B-50% Family(1) 10/20/2015
Hanna, Lonnie Sheriffs A-100% Family(F) 10/31/2015
Hocking, Anne Health SL Family(2) 10/17/2015
Moore, Gregory Sheriffs A-100% Family(2) 10/17/2015
Oppenheim, Terry E. FOC SL Family(1) 10/15/2015
Pender, Troy A. Sheriffs SL Family(F) 10/16/2015
Petrulis, Saulius Sheriffs SL Family(F) 10/17/2015
4. Moved by Phelps, seconded by Childs to approve the following Defined Contribution retirement
applications. Motion carried.
DEPARTMENT HEALTH
ELIGIBILITY
RETIREMENT
EFFECTIVE
Batchelor, Susan 52-2 Dist. Ct. Family(2) 10/03/2015
Bondi, Cathryn Public Services Family(1) 09/25/2015
Brenner, Fiona Fiscal Services Family(1) 10/31/2015
Castile, Jean Deferred Family(1) 10/13/2015
Jansson, Clay Sheriffs Family(2) 09/26/2015
Retirement Minutes September 17, 2015
Page 2
5. Moved by Gonzales, seconded by Meisner to receive and file the September Deferred Compensation
Hardships. Motion carried.
6. Moved by Gonzales, seconded by Middleton to receive and file the September 17, 2015 Investment
Subcommittee meeting minutes. Motion carried.
6a. Moved by Rozell, seconded by Gonzales to interview Asset Consulting Group, The Bogdahn Group,
Marquette Associates, and NEPC, LLC for the defined benefit consultant RFP. Motion carried.
7. Moved by Kowall, seconded by Middleton to receive and file the Employee Election Calendar for term
ending December 31, 2019. Motion carried.
8. John Lawson and Jennifer Martin from T. Rowe Price made a presentation to the Board.
9. David Breuhan, Ben Jones, and Ed Schwartz from Gregory J. Schwartz & Co. made a presentation to
the Board regarding the 401(a) and 457(b) Investment Policy Statements and a replacement for the
Managed Income Portfolio II fund in the 457(b) plan investment line-up.
9a. Moved by VanPelt, seconded by Meisner to remove the Managed Income Portfolio II fund from the
457(b) and 401a Match Plan through Fidelity Investments and replace it with the T. Rowe Price
Stable Value Common Trust fund. Motion carried.
10. Chairperson VanLeuven appointed Joe Rozell to the Investment Subcommittee effective October 1,
2015.
11. Moved by Gonzales, seconded by Meisner to adjourn the meeting at 2:30 p.m. Motion carried.
The next meeting is scheduled for Thursday, October 22, 2015 at 1:30 p.m.
Respectfully submitted,
______________________________________ ______________________________________
James H. VanLeuven, Jr. Chairperson Judy D. Fandale, Secretary