HomeMy WebLinkAboutMinutes - 2017.07.27 - 331582013 SUPERSEDING OAKLAND COUNTY RETIREE
MEDICAL BENEFIT TRUST BOARD MINUTES
The 2013 Superseding Oakland County Retiree Medical Benefit Trust Board meeting was held
July 27, 2017 at 1:10 p.m. in the East Oakland Conference Room, Executive Office Building.
Members Present: Keith Lerminiaux Andy Meisner
Jennifer Hain (designee for Director of Human Resources)
Christopher Ward (designee for BOC Chairperson)
Douglas J. Williams (designee for the County Executive)
Members Absent: None
Others Present: Rhonda Van Tiflin, Human Resources
1. Moved by Williams, seconded by Meisner to approve the minutes of the August 11, 2016
meeting. Motion carried.
2. Meeting was opened for public comment. No one spoke.
3. Moved by Williams, seconded by Ward that the incumbent officers, Keith Lerminiaux as
Chair and Jennifer Hain as Vice Chair, retain their current positions. Motion carried.
4. Moved by Meisner, seconded by Hain, to receive and file the Investment Summary for
year-end September 30, 2016 from NEPC. Motion carried.
5. Moved by Hain, seconded by Meisner, to receive and file the Investment Performance
Review for period end March 31, 2017 from AndCo Consulting. Motion Carried.
6. Other Business:
a. The Board reviewed the proposed rebalance within AndCo Consulting’s
Asset/Manager Summary – July 2017. Rhonda Van Tiflin advised the rebalance
of funds from SSgA S&P 500 to CS McKee would return the equity/fixed income
proportion to 60/40 was to be presented to the VEBA Board later this day.
7. Adjourned without objection at 1:13 p.m.
Respectfully submitted,
_________________________________ _______________________________
Keith Lerminiaux, Chairperson Rhonda Van Tiflin, Assistant Secretary