HomeMy WebLinkAboutMinutes - 2017.12.14 - 32971OAKLAND COUNTY EMPLOYEES'
RETIREMENT AND DEFERRED COMPENSATION BOARD
INVESTMENT SUB-COMMITTEE MINUTES
A meeting of the Oakland County Employees' Retirement and Deferred Compensation (OCRDC)
Board Investment Sub-Committee was held December 14, 2017 at 10:01 a.m. in the Royal Oak
Conference Room, Executive Office Building.
Members Present: James H. VanLeuven, Jr.
Joseph Rozell
Andy Meisner
Laurie Van Pelt (designee of County Executive)
Others Present: Curtis Childs, OCRDC Commissioner
Jeff Phelps, OCRDC Commissioner
Jennifer Hain, Human Resources
Silvia Frank, Human Resources
Paige Ritchie, Human Resources
Lisa Villella, Human Resources
Jason May, Graystone Consulting
Brian McCleave, Prudential
Daren Derfler, Prudential
Keith Lerminiaux, Corporation Counsel (joins at 11:15 a.m.)
1. Meeting was open for public comment. No one spoke.
2. Brian McCleave and Daren Derfler from Prudential presented to the Sub-committee and
provided accompanying material:
• The “How Do I Choose My Investments” Challenge (GoalMaker)
3. Keith Lerminiaux provided a verbal update on Prudential contract negotiations
4. Chairperson VanLeuven and Keith Lerminiaux provided a verbal update on PRISAII contract
negotiations
a. Moved by Van Pelt, seconded by Rozell to recommend to full Board to
continue with execution of the PRISAII contract. Motion carried.
5. The meeting was adjourned without objection at 11:54 a.m.
Respectfully submitted,
________________________________ ________________________________
James H. VanLeuven, Jr., Chairperson Silvia Frank, Secretary