HomeMy WebLinkAboutMinutes - 2015.06.18 - 33062OAKLAND 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 June 18, 2015 at 9:00 a.m. in the Royal Oak Conference
Room, Executive Office Building.
Members Present: James VanLeuven D’Arcy Gonzales
Andy Meisner Laurie VanPelt
Others Present: Judy Fandale, Human Resources
Megan Navarre, Human Resources
Curtis Childs, Sheriffs
Natalie Neph, Treasures
Joe Rozell, Elections
Jeffrey Phelps, Fiscal Services
1. Moved by Gonzales, seconded by Meisner to approve the Request for Proposal for the
Defined Benefit consultant with the following changes. Motion carried.
a. Page two, section two Investments and Managers; add a column and list the
2013 Superseding Trust assets separately.
b. Page five, section IV Minimum Qualifications; add an additional paragraph to state a
firm must have a minimum of $20 billion in total assets under management, of which
at least one is a major institution with assets of at least $1 billion.
2. Other business: Oakland County has received an audit notice from the IRS for our
Deferred
Compensation 457(b) plan and is preparing a response.
3. Moved by Gonzales, seconded by VanPelt to adjourn the meeting at 9:45 a.m. Motion
carried.
Respectfully submitted,
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James H. VanLeuven, Jr., Chairperson Judy D. Fandale, Secretary