HomeMy WebLinkAboutMinutes - 2016.09.22 - 33014OAKLAND COUNTY EMPLOYEES'
RETIREMENT AND DEFERRED COMPENSATION BOARD
INVESTMENT SUB-COMMITTEE MINUTES
The Oakland County Employees' Retirement and Deferred Compensation Board
Investment Sub-Committee meeting was held September 22, 2016 at 1:00 p.m. in
the Waterford Conference Room, Executive Office Building.
Members Present: James H. VanLeuven, Jr. Andy Meisner
Joseph Rozell Laurie VanPelt
Others Present: Judy Fandale, Secretary
Curtis Childs, Sheriff’s Office
Keith Lerminiaux, Corporation Counsel
Natalie Neph, Treasurer’s Office
Rhonda VanTiflin, Human Resources
1. Meeting was open for public comment. No one spoke.
2. Moved by Rozell, seconded by Meisner, to terminate relationship with NEPC as
Defined Benefit consultant and to authorize the Secretary of the Board to issue
and sign the written termination letter. Motion carried.
3. Moved by VanPelt, seconded by Rozell, to enter into negotiations with The
Bogdahn Group to serve as Defined Benefit consultant. Motion carried.
4. Moved by Meisner and seconded by Rozell, to initiate a request for proposal for a
Defined Contribution (401a) and Deferred Compensation (457b) consultant.
Motion carried.
5. Motion by Rozell, supported by VanPelt, to postpone the current 457(b)
recordkeeper request for proposal. Motion carried.
a. Observed in discussion that, due to this approved motion, the previously
scheduled September 26 and October 18, 2016 Investment
Subcommittee meetings shall be cancelled.
6. Moved by VanPelt, seconded by Meisner, to adjourn the meeting at 1:28 p.m.
Motion carried.
Respectfully submitted,
_______________________________ ____________________________
James H. VanLeuven, Jr., Chairperson Judy D. Fandale, Secretary