HomeMy WebLinkAboutMinutes - 2015.11.22 - 32477OAKLAND COUNTY VEBA BOARD MINUTES
The Oakland County Voluntary Employees’ Beneficiary Association Board (VEBA) was held
October 22, 2015 at 3:50 p.m. in the East Oakland Conference Room.
Members Present: James H. VanLeuven, Jr. Curtis Childs
Jeffrey Phelps Andy Meisner
Joseph Rozell Thomas Middleton
Eileen Kowall (designee of Board of Commissioners Chairperson)
Laurie VanPelt (designee of County Executive)
Others Present: Judy Fandale, Human Resources
Jennifer Hain, Human Resources
Megan Navarre, Human Resources
Natalie Neph, Treasurers
Keith Lerminiaux, Corporation Counsel
David Breuhan, Gregory J. Schwartz & Co.
1. Moved by Kowall, seconded by Middleton to approve the minutes of the September 17,
2015 Voluntary Employees’ Beneficiary Association Board Meeting. Motion carried.
2. Meeting was opened for public comment. No one spoke.
3. Moved by Middleton, seconded by Kowall to reaffirm the Boards commitment to invest $10
million with Walton Street Real Estate Opportunistic Fund VIII upon approval of a contract.
Motion carried.
4. Moved by Rozell, seconded by Phelps to hire NEPC for the Voluntary Employees’
Beneficiary Association consultant subject to the successful negotiation of a fixed fee, five
year agreement. Motion carried.
5. Moved by Kowall, seconded by Middleton to adjourn the meeting at 4:00 p.m. Motion carried.
Next Board meeting is scheduled for Thursday, November 19, 2015, immediately following the
Retirement and Deferred Compen sation Board meeting
Respectfully submitted,
____________________________________ ____________________________________
James H. VanLeuven, Jr. - Chairperson Judy D. Fandale, Secretary