HomeMy WebLinkAboutMinutes - 2014.11.20 - 33185OAKLAND COUNTY RETIREMENT
AND DEFERRED COMPENSATION BOARD MINUTES
The Oakland County Retirement and Deferred Compensation Board meeting was held November 20,
2014 at 1:30 p.m. in the EOB 4th Floor Conference Room.
Members Present: James H. VanLeuven, Jr. D’Arcy Gonzales
Curtis Childs Thomas Middleton
Andy Meisner Joseph Rozell
Jeffrey Phelps
Laurie VanPelt (designee of County Executive)
Members Absent: Kathy Crawford
Others Present: Judy Fandale, Human Resources
Megan Navarre, Human Resources
Jennifer Hain, Human Resources
Dave Breuhan, Schwartz & Co
Edward Schwartz, Schwartz & Co
Ben Jones, Schwartz & Co
1. Moved by Gonzales, seconded by Middleton to approve the minutes of October 23, 2014. Motion
carried.
2. Meeting was opened for public comment. No one spoke.
3. Moved by Childs, seconded by Phelps to approve the following Defined Benefit retirement
applications. Motion carried.
DEPARTMENT OPTION HEALTH
ELIGIBILITY
RETIREMENT
EFFECTIVE
Anderson, John Sheriff’s A-100% Family (2) 12/15/2014
Fry, Lori Deferred A-100% Family(F) 11/06/2014
Sturdevant, Steven Deferred A-100% Family(F) 11/26/2014
4. Moved by Meisner, seconded by Rozell to approve the following Defined Contribution retirement
applications. Motion carried.
DEPARTMENT HEALTH
ELIGIBILITY
RETIREMENT
EFFECTIVE
Cobb, Thresia Sheriff’s Family(2) 10/24/2014
Kotlarz, Robert Sheriff’s Family(F) 12/01/2014
Snyder, Francine Circuit Court Family (2) 12/13/2014
Thomas, Barbara Deferred Family (1) 10/01/2014
5. Moved by Meisner, seconded by VanPelt to receive and file the minutes of the October 23, 2014
Investment Sub-Committee meeting; Motion carried.
6. Moved by VanPelt, seconded by Gonzales to approve the ICMA-RC Retirement Health Savings
Account revised fund line up and mapping. Motion carried.
Retirement Minutes November 20, 2014
Page 2
7. Moved by Childs, seconded by Meisner to receive and file the acceptance statement from Joseph
Rozell for the employee elected Board member, term ending December 31, 2018. Motion carried
8. Moved by Gonzales, seconded by Rozell to approve the 2015 Board meeting calendar. Motion
carried.
9. Dave Breuhan and Edward Schwartz from Gregory J Schwartz & Co. presented the 401(a) and
457(b) 3rd quarter performance review.
A) Moved by Rozell, seconded by Gonzales to approve the following recommendations.
Motion carried.
ICMA-RC 401(a) Plan Funds
i. Place PIMCO Total Return on watch list.
ii. Keep PIMCO High Yield on watch list
iii. Keep Fidelity Advisor Mid Cap II on watch list
iv. Keep Fidelity Advisor Small Cap on watch list
B) Moved by VanPelt, seconded by Childs to approve the following recommendations.
Motion carried
Fidelity Investments 457(b) Plan Funds
i. Place PIMCO Total Return on watch list.
ii. Keep Fidelity Managed Income Portfolio II on watch list
iii. Keep Fidelity Asset Manager 20% on watch list.
10. Moved by Meisner, seconded by Rozell to adjourn the meeting at 2:25 p.m. Motion carried
The next meeting is scheduled for December 11, 2014 at 1:30 p.m.
Respectfully submitted,
_______________________________ _________________________________
James H. VanLeuven, Jr., Chairperson Judy Fandale, Secretary