HomeMy WebLinkAboutMinutes - 2014.02.20 - 33188OAKLAND COUNTY RETIREMENT
AND DEFERRED COMPENSATION BOARD MINUTES
The Oakland County Retirement and Deferred Compensation Board meeting was held February
20, 2014 at 1:30 p.m. in the West Oakland Conference Room.
Members Present: James H. VanLeuven, Jr. Tom Middleton
Joseph Rozell Jeffrey Phelps
Andy Meisner
Laurie VanPelt (designee of County Executive)
Members Absent: Kathy Crawford, with notice
Curtis Childs, with notice
D’Arcy Gonzales, with notice
Others Present: Judy Fandale, Human Resources
Jennifer Hain, Human Resources
Megan Navarre, Human Resources
Paige Ritchie, Human Resources
Keith Lerminiaux, Corporation Counsel
David Breuhan, Schwartz & Co.
Ben Jones, Schwartz & Co.
Janette Schad, Schwartz & Co.
John McCann, ICMA-RC
Sandra Rouse-Thames, ICMA-RC
Dan Welker, J P Morgan
1. Moved by Meisner, seconded by Middleton to approve the minutes of January 23, 2014.
Motion carried.
2. Meeting was opened for public comment. No one spoke.
3. Moved by Phelps, seconded by Rozell to approve the following Defined Benefit retirement
applications. Motion carried. HEALTH RETIREMENT
DEPT OPTION ELIGIBILITY EFFECTIVE
Baker, Bradley Parks&Rec D-100% Family(F) 02/27/14
Coffey, Sylvia Human Serv D-50% Family(F) 02/22/14
Custer, Carolyn Deferred SL Family(1) 03/26/14
Johnston, Brenthy Deferred SL Family(1) 03/16/14
Jones, Karen Human Res D-50% Family(2) 03/01/14
4. Moved by VanPelt, seconded by Meisner to approve the following Defined Contribution
retirement applications. Motion carried.
HEALTH RETIREMENT
DEPT ELIGIBILITY EFFECTIVE
Lambrix, Douglas Sheriff’s Family(F) 02/08/14
Sagamang, Margery Clerk/Reg of Deeds Family(1) 03/15/14
Retirement Minutes February 20, 2014
Page 2
5. Moved by Rozell, seconded by Phelps to approve the February 5, 2014 Education
Subcommittee actions and minutes reviewing the ICMA-RC loan flyer, reviewing the results
of the 2014 survey on the amount of contributions made to Michigan 401a retirement plans,
and discussing the Personal Progress Report that was mailed to Fidelity participants on
January 15, 2014. Motion carried.
6. John McCann and Sandra Rouse-Thames from ICMA-RC presented the 2013 Plan
Services Report to the Board.
7. David Breuhan, Janette Schad and Ben Jones from Schwartz & Co. made a presentation to
the Board. Moved by VanPelt, seconded by Rozell to receive, file, and approve the
recommendations from Schwartz & Co. Motion carried.
8. Chairperson VanLeuven appointed the following to serve on the Education Subcommittee:
Joe Rozell as Chairperson, Jeff Phelps, and Curtis Childs; and appointed the following to
the Investment Subcommittee: Laurie VanPelt, D’Arcy Gonzales, Andy Meisner and
himself.
9. Moved by VanPelt, seconded by Phelps to adjourn the meeting at 3:07 p.m. Motion carried.
The next meeting is scheduled for March 20, 2014 at 1:30 p.m.
Respectfully submitted,
_______________________________ ___________________________
James H. VanLeuven, Jr., Chairperson Judy D. Fandale, Secretary