HomeMy WebLinkAboutMinutes - 2017.12.14 - 32466OAKLAND COUNTY VEBA BOARD MINUTES
The Oakland County Voluntary Employees’ Beneficiary Association (VEBA) Board meeting was
held December 14, 2017 at 3:10 p.m. in the East Oakland Conference Room, Executive Office
Building.
Members Present: James H. VanLeuven, Jr. Joseph Rozell
Curtis Childs Thomas Middleton
Jeffrey Phelps
Lauri Siskind
Christopher Ward (designee of Chairperson, BOC)
Laurie Van Pelt (designee of County Executive)
Member(s) Absent: Andy Meisner, with notice
Others Present: Keith Lerminiaux, Corporation Counsel
Silvia Frank, Human Resources
Jennifer Hain, Human Resources
Paige Ritchie, Human Resources
Natalie Neph, Treasurer’s Office
Chris Kuhn, AndCo Consulting
Peter Brown, AndCo Consulting
Joe Jackaloney, Student Intern/Corporation Counsel
1. Moved by Siskind, seconded by Phelps to approve the minutes of the November 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 made a presentation to the Board and
discussed the draft of the VEBA IPS.
• Oakland County Employees’ Retirement system (ERS) VEBA Plan – Investment
Performance Review Period Ending September 30, 2017
• Oakland County ERS VEBA Plan Monthly Flash Report – Investment
Performance Review Period Ending November 30, 2017
• Oakland County ERS VEBA – Asset/Manager Summary – December 14, 2017
• Oakland County ERS Superseding Trust – Investment Performance Review
Period Ending September 30, 2017
• Oakland County ERS Superseding Trust Monthly Flash Report – Investment
Performance Review Period Ending November 30, 2017
• Oakland County ERS – Asset/Manager Summary Superseding Trust – December
14, 2017
4. Moved by VanPelt, seconded by Siskind to approve the amended VEBA IPS. Motion
carried.
a) Final language (redlined and clean versions). Page 2, Section II. A. – Oakland County
Employees’ Retirement System Voluntary Employees’ Beneficiary Association Trust
(VEBA) Investment Policy Statement dated September, 2017.
Final redlined version Page 2, Section II.A.
Oakland County VEBA Board Minutes
December 14, 2017
Page 2
DELEGATION OF RESPONSIBILITIES
A. Retirement VEBA Board of Commissioners
Final revised version, redline removed, Page 2, Section II.A.
DELEGATION OF RESPONSIBILITIES
A. VEBA Board
5. Moved by VanPelt, seconded by Rozell to proceed with the execution of the PRISA II
contract. Motion carried.
6. The meeting adjourned without objection at 3:18 p.m.
The next VEBA Board meeting is scheduled for Thursday, January 11, 2018, immediately
following the Retirement and Deferred Compensation Board meeting.
Respectfully submitted,
__________________________________ ____________________________________
James H. VanLeuven Jr., Chairperson Silvia Frank, Secretary