HomeMy WebLinkAboutMinutes - 2017.06.22 - 32460OAKLAND COUNTY VEBA BOARD MINUTES
The Oakland County Voluntary Employees’ Beneficiary Association (VEBA) Board meeting was
held June 22, 2017 at 3:14 p.m. in the East Oakland Conference Room of the Executive Office
Building.
Members Present: James H. VanLeuven, Jr. Curtis Childs
Andy Meisner Thomas Middleton
Jeffrey Phelps Lauri Siskind
Laurie Van Pelt (designee of County Executive)
Christopher Ward (designee of Chairperson, BOC)
Members Absent: Joseph Rozell, with notice
Others Present: Rhonda Van Tiflin, Human Resources
Paige Ritchie, Human Resources
Jennifer Hain, Human Resources
Natalie Neph, Treasurer’s Office
Rommy Hage, Treasurer’s Office
Louise Gates, Gabriel Roeder Smith
Christopher Kuhn, AndCo Consulting
Jason Ashline, ICMA-RC
Ken Wedemeyer, ICMA-RC
1. Moved by Van Pelt, seconded by Meisner, to approve the minutes of the May 25, 2017
VEBA Board meeting. Motion carried.
2. Meeting was opened for public comment; no one spoke.
3. Chris Kuhn of AndCo Consulting made a presentation to the Board and distributed the
following documents.
a. Oakland County ERS VEBA – Investment Performance Review for Period Ending
March 31, 2017
b. Oakland County ERS VEBA Plan - Monthly Flash Report for the Period Ending May
31, 2017
c. Oakland County Employees’ Retirement System-VEBA – Asset/Manager Summary -
June 2017
Motion by Middleton, seconded by Van Pelt, to authorize rebalance of the fund portfolio as
detailed on the June 2017 Asset/Manager Summary according to the Target Allocation.
Motion carried.
4. Louise Gates of Gabriel Roeder Smith (GRS) presented the September 30, 2016 Oakland
County Retirees’ Health Care Trust Actuarial Valuation Report.
a. Moved by Van Pelt, seconded by Childs, to receive and file the September 30, 2016
Health Care Trust Actuarial Valuation Report. Motion carried.
5. Moved by Van Pelt, seconded by Siskind, to approve payment for GRS invoice no. 430927
in the amount of $2,142 for 2016 Minute Master services. Motion carried.
Oakland County VEBA Board Minutes
June 22, 2017
Page 2
6. Chairperson VanLeuven adjourned the meeting without objection at 3:28 p.m.
The next VEBA Board meeting is scheduled for Thursday, July 27, 2017, immediately following
the Retirement and Deferred Compensation Board meeting.
Respectfully submitted,
__________________________________ ____________________________________
James H. VanLeuven Jr., Chairperson Rhonda Van Tiflin, Assistant Secretary