HomeMy WebLinkAboutMinutes - 2015.09.17 - 33064OAKLAND 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 17, 2015 at 10:30 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
Joseph Rozell, Clerk Register of Deeds
Curtis Childs, Sheriff’s Office
Edward Schwartz, Gregory J. Schwartz & Co.
David Breuhan, Gregory J. Schwartz & Co.
Ben Jones, Gregory J. Schwartz & Co.
1. Meeting was opened for public comment; No one spoke.
2. Moved by Gonzales, seconded by VanPelt to recommend the following firms be
interviewed in response to the defined benefit consultant RFP. Motion carried.
- Asset Consulting Group
- The Bogdahn Group
- Marquette Associates
- Nepc, LLC
3. Edward Schwartz, David Breuhan, and Ben Jones made a presentation to the committee
regarding the 401(a) and 457(b) Investment Policy Statements and a replacement for the
Managed Income Portfolio II Fund in the 457(b) plan investment line-up.
4. Moved by VanPelt, seconded by Gonzales to accept the recommendation from Gregory J.
Schwartz & Co. to remove the Managed Income Portfolio II fund from the 457(b)
investment line-up and replace it with the T. Rowe Price Stable Value Common Trust
Fund. Motion carried.
5. Moved by VanPelt, seconded by Meisner to adjourn the meeting at 11:45 a.m. Motion
carried.
Respectfully submitted,
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James H. VanLeuven, Jr., Chairperson Judy D. Fandale, Secretary