HomeMy WebLinkAboutMinutes - 2017.03.23 - 32457OAKLAND COUNTY VEBA BOARD MINUTES
The Oakland County Voluntary Employees’ Beneficiary Association (VEBA) Board meeting was
held March 23, 2017 at 3:47 p.m. in the West Oakland Conference Room of the Executive Office
Building.
Members Present: James H. VanLeuven, Jr. Joseph Rozell
Curtis Childs Lauri Siskind
Andy Meisner Laurie Van Pelt (designee of County Executive)
Thomas Middleton Chris Ward (designee of Chairperson, BOC)
Jeffrey Phelps
Others Present: Keith Lerminiaux, Corporation Counsel
Rhonda Van Tiflin, Human Resources
Jennifer Hain, Human Resources
Paige Ritchie, Human Resources
Kathy Sanders, Human Resources
Chris Kuhn, AndCo Consulting
Peter Brown, AndCo Consulting
Sean Delaney, Lazard Asset Management
Tony Dote, Lazard Asset Management
Rob Failla, Lazard Asset Management
David Sowerby, Loomis Sayles
Todd Vingers, LMCG Investments
Jenna Oliver, LMCG Investments
Elsa Goldberg, Franklin Templeton
Dan Veddern, Franklin Templeton
Mike Schantz, RBC Global Asset Management
Bridget Tompkins, RBC Global Asset Management
Margaret Harbaugh, Morgan Stanley Real Estate
1. Moved by Middleton, seconded by Van Pelt, to approve the minutes of the February 16,
2017 VEBA Board meeting. Motion carried.
2. Meeting was opened for public comment; no one spoke.
3. Chris Kuhn and Peter Brown of AndCo Consulting distributed the Oakland County
Employees’ Retirement System VEBA:
• Plan Investment Performance Review for Period Ending December 31, 2016,
• Defined Benefit Plan Monthly Flash Report for the period ending January 31,
2017
• Defined Benefit Plan Monthly Flash Report for the period ending February 28,
2017 and provided brief comments summarizing highlights contained in each.
a. Motion by Phelps, seconded by Middleton, to receive and file the detailed
reports. Motion carried.
4. Other business:
a. The next meeting, previously rescheduled from April 20, 2017, will be held April
13, 2017, immediately following the Retirement and Deferred Compensation
Board meeting.
b. Motion by Rozell, supported by VanLeuven, to redirect $3 million in assets from
Morgan Stanley Prime Property Real Estate to Alidade Capital Fund IV, subject to
successful negotiation of terms. Motion carries.
Oakland County VEBA Board Minutes
March 23, 2017
Page 2
5. Moved by Middleton, seconded by Ward, to adjourn the meeting at 3:48 p.m. Motion
carried.
The next VEBA Board meeting is scheduled for Thursday, April 13, 2017, immediately following
the Retirement and Deferred Compensation Board meeting.
Respectfully submitted,
__________________________________ ____________________________________
James H. VanLeuven Jr., Chairperson Rhonda Van Tiflin, Assistant Secretary