HomeMy WebLinkAboutAgendas - 2017.10.26 - 32946 _______DEFINED BENEFIT, CONTRIBUTION AND DEFERRED COMPENSATION PLANS_______
OAKLAND COUNTY RETIREMENT AND DEFERRED
COMPENSATION BOARD
2100 PONTIAC LAKE RD, 41 W, WATERFORD MICHIGAN 48328-0440
MEMBERS
Chairperson
JAMES H. VANLEUVEN, JR.
Vice-Chairperson
JOSEPH ROZELL
Treasurer
ANDY MEISNER
CURTIS CHILDS
MICHAEL J. GINGELL
THOMAS MIDDLETON
L. BROOKS PATTERSON
JEFFREY PHELPS
LAURI SISKIND
_______________________
Secretary
SILVIA FRANK
(248)858-5215
Designee
LAURIE VAN PELT
Designee
CHRISTOPHER WARD
Counsel to the Board
KEITH LERMINIAUX
AGENDA FOR OCTOBER 26, 2017
1:30 p.m., Waterford Conference Room
Conference Center
Executive Office Building
1. Approval of the September 14, 2017 Board minutes
2. Public Comment
3. Approval of the following Defined Benefit retirement applications
DEPARTMENT RETIREMENT EFFECTIVE
Erkins, Steven Sheriff 10/14/2017
Ford, Jeffery Sheriff 10/15/2017
Riley, Donna Circuit Court 11/28/2017
Wilson, Katrina Children’s Village 10/28/2017
4. Approval of the following Defined Contribution retirement applications
DEPARTMENT
RETIREMENT
EFFECTIVE
Barnes, Kathryn Deferred 10/05/2017
Chetkovich, Patricia Friend of the Court 10/28/2017
Jansen, Nancy Deferred 10/06/2017
Johnson, Michael L. Sheriff 09/15/2017
Steep, Anne Health & Human Svcs. 10/14/2017
5. Receive and file September 14, 2017 Investment Subcommittee meeting minutes
6. Receive and file October 2017 update on securities litigation by Miller Law Firm
7. 3rd Quarter 2017 R.E.A.P. drawing
8. Receive and file 3rd Quarter 2017 Defined Benefit and Defined Contribution reports
9. Receive and file the October 2017 Deferred Compensation 457 hardship
application(s)
10. Appointment of Ad-Hoc Committee for Citizen Member Nomination to be presented
to Board of Commissioners
11. Approval of the 2018 Retirement, Deferred Compensation and VEBA Board meeting
calendar
OAKLAND COUNTY RETIREMENT AND DEFERRED COMPENSATION BOARD
AGENDA FOR OCTOBER 26, 2017
PAGE 2 of 2
12. Proposed 401(a) Plan Document revisions:
a. Select a definition of Disability (Option 1 or Option 2) (5.4)
b. Approve definition of Employee (1.20)
c. Approve revised Oakland County Employees’ Retirement System (OCERS)
Restated Resolution 1996 As Amended, December 2015 (Defined
Contribution/401(a) plan)
13. Proposed 457(b) Plan Document Revisions:
a. Approve definition of Normal Retirement Age (2.17)
b. Approve definition of Employee (2.12)
c. Approve definition of Matching Contribution (2.16)
d. Approve definition of Plan Administrator (2.20)
e. Approve definition of 401(a) Matching Contribution (4.4)
f. Approve addition of Special Rules (4.5(a) and 4.5(b))
g. Approve restatement of 457(b) Deferred Compensation Plan
14. Approval of invoice from Gabriel, Roeder, Smith & Co., No. 433313 in the amount of
$1,000 for benefit computation program license fee for the period July 1, 2016 through
June 30, 2017.
15. Receive and file AndCo Consulting memo summarizing due diligence review and
approval of Churchill
16. Presentation by ABS Global
17. Presentation by AndCo Consulting
18. AndCo Consulting - discussion of scrutinized securities and response to Loomis Sayles
(Core Plus Fixed Income)
19. Follow up items (no discussion needed):
a. Dune – acquisition of additional insurance coverage
b. Churchill – contract review
c. State Street Global Advisors (SSgA) - S&P 500 Equal Weight fund originating
January 19, 2017 – minimum account fee waived; pending receipt of contracts
for review
20. Closed session for review of Non-Duty Disability denial appeal
21. Other business
a. Defined Contribution Recordkeeping Conversion – Verbal Update
b. Next Board meeting, Thursday, November 16, 2017
Adjourn