HomeMy WebLinkAboutMinutes - 2014.03.20 - 33189OAKLAND COUNTY RETIREMENT
AND DEFERRED COMPENSATION BOARD MINUTES
The Oakland County Retirement and Deferred Compensation Board meeting was held March
20, 2014 at 1:30 p.m. in the West Oakland Conference Room.
Members Present: James H. VanLeuven, Jr. Joseph Rozell
Jeffrey Phelps Andy Meisner
Curtis Childs
Kathy Crawford (designee of Chairperson BOC)
Laurie VanPelt (designee of County Executive)
Members Absent: D’Arcy Gonzales, with notice
Thomas Middleton, with notice
Others Present: Megan Navarre, Human Resources
Kathy Sanders, Human Resources
Jennifer Hain, Human Resources
Keith Lerminiaux, Corporation Counsel
Phil Dever, Lee Munder Investments
Todd Vingers, Lee Munder Investments
Laurence Russian, ABS Investment Management
Jon Feinberg, ABS Investment Management
Haley Rives, ACG
Rebecca Holts, County Retiree
1. Moved by Meisner, seconded by VanPelt to approve the minutes of February 20, 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. HEALTH RETIREMENT
DEPT OPTION ELIGIBILITY EFFECTIVE
Larkin, Brenda FM&O SL Family(2) 04/26/2014
Locher, Sherry Sheriff’s C Family(F) 04/19/2014
Moulder, Margaret WRC C Family(1) 03/15/2014
Schmitzerle, Michael Sheriff’s A-100% Family(2) 04/04/2014
4. Moved by Meisner, seconded by Childs to approve the following Defined Contribution
retirement applications. Motion carried.
HEALTH RETIREMENT
DEPT ELIGIBILITY EFFECTIVE
Brakel, Bruce Deferred Family(2) 01/28/2014
Dove, David L WRC None 04/18/2014
Hester, Vivian FM&O Family(2) 04/02/2014
Retirement Minutes March 20, 2014
Page 2
4. Continued-
HEALTH RETIREMENT
DEPT ELIGIBILITY EFFECTIVE
Quisenberry, Kenneth Deferred Family(2) 02/24/2014
Sage, Larry Sheriff’s Family(2) 04/01/2014
Sage, Susan Sheriff’s Family(2) 02/28/2014
Schatz, Mary K. Probate Family(2) 04/12/2014
Soehren, Helen Dist Court #4 68% 03/18/2014
Whetstone, L. Craig Equalization Family(F) 04/05/2014
Zamora, Connie Deferred Family(2) 12/04/2013
5. Moved by VanPelt, seconded by Meisner to approve the Defined Benefit annual increase of
1.5% for all members retired prior to 01/01/2013, 1.4% for members retired January 1, 2013
to May 1, 2013. Motion carried.
6. Moved by Meisner, seconded by VanPelt to approve the minutes and actions of the March
20, 2014 Investment Subcommittee as follows. Motion carried
a. Custodial RFP interviews will include BNY Mellon, Northern Trust and JP Morgan.
b. Allocate $5 million dollars to Valstone Capital for the Opportunistic Real Estate
investment strategy.
7. Presentation to the Board by Phil Dever and Todd Vingers from Lee Munder Investments,
Small Cap Value fund.
8. Presentation to the Board by Laurence Russian and Jon Feinberg from ABS Global, Long &
Short Equities.
9. Presentation to the Board by Haley Rives, Asset Consulting Group, ASAP report.
10. Moved by VanPelt, seconded by Meisner to adjourn the meeting at 2:50 p.m.
Motion carried.
The next meeting is scheduled for April 17, 2014 at 1:30 p.m.
Respectfully submitted,
_______________________________ _________________________________
James H. VanLeuven, Jr., Chairperson Megan Navarre, Assistant Secretary