HomeMy WebLinkAboutMinutes - 2014.12.11 - 33187OAKLAND COUNTY RETIREMENT
AND DEFERRED COMPENSATION BOARD MINUTES
The Oakland County Retirement and Deferred Compensation Board meeting was held
December 11, 2014 at 1:30 p.m. in the East Oakland Conference Room.
Members Present: James H. VanLeuven, Jr. D’Arcy Gonzales
Curtis Childs Thomas Middleton
Jeffrey Phelps Joseph Rozell
Laurie VanPelt (designee of County Executive)
Kathy Crawford (designee of Chairman, Board of Commissioners)
Members Absent: Andy Meisner, with notice
Others Present: Judy Fandale, Human Resources
Megan Navarre, Human Resources
Jennifer Hain, Human Resources
Keith Lerminiaux, Corporation Counsel
Natalie Neph, Treasurers
Nicole Tabin, Corporation Counsel
Haley Rives, ACG
Dave Breuhan, Schwartz & Co
Ben Jones, Schwartz & Co
1. Moved by Gonzales, seconded by Rozell to approve the minutes of November 20, 2014.
Motion carried.
2. Meeting was opened for public comment. No one spoke.
3. Moved by Phelps, seconded by VanPelt to approve the following Defined Benefit
retirement applications. Motion carried.
DEPARTMENT OPTION HEALTH
ELIGIBILITY
RETIREMENT
EFFECTIVE
MacKenzie, Brian District Court Straight Life Family (2) 01/02/2015
Mitchell, Suzan Deferred Straight Life Family (2) 02/06/2015
Scott, Daniel FM&O Straight Life Family (F) 01/23/2015
4. Moved by Childs, seconded by Rozell to approve the following Defined Contribution
retirement applications. Motion carried.
DEPARTMENT HEALTH
ELIGIBILITY
RETIREMENT
EFFECTIVE
Bovee, Gordon FM&O RHS-C 03/07/2015
McNeary, Wendeline IT Family (1) 12/31/2014
Rogers, Kenneth County Exec Family(2) 01/01/2015
Scarlet, Nancy HR Family (1) 01/01/2015
Waker, Mark Sheriff’s Family (1) 12/11/2014
Retirement Minutes December 11, 2014
Page 2
5. Moved by VanPelt, seconded by Rozell to approve the non-duty disability Defined Benefit
retirement for Dean Lambouris effective September 20, 2014; Motion carried.
6. Moved by Crawford, seconded by Gonzales to receive and file the Deferred Compensation
Hardships for December. Motion carried.
7. Moved by Gonzales, seconded by Childs to approve the EDRO policy and model. Motion
carried.
8. Haley Rives from Asset Consulting Group presented the ASAP report to the Board.
9. Other business:
a) Chairman VanLeuven reminded the Board of the ACG investment education session
scheduled for January 21, 2015.
b) Commissioner Kathy Crawford gave a farewell statement.
c) Keith Lerminiaux recommended that the Retirement and Deferred Compensation Board
not sign the subscription line of credit agreements requested by Valstone.
10. Moved by Rozell, seconded by Childs to adjourn the meeting at 2:00 p.m. Motion carried
The next meeting is scheduled for January 22, 2015 at 1:30 p.m.
Respectfully submitted,
_________________________________ ________________________________
James H. VanLeuven, Jr., Chairperson Judy Fandale, Secretary