HomeMy WebLinkAboutMinutes - 2014.06.19 - 33192OAKLAND COUNTY RETIREMENT
AND DEFERRED COMPENSATION BOARD MINUTES
The Oakland County Retirement and Deferred Compensation Board meeting was held June 19, 2014
at 1:30 p.m. in the W est Oakland Conference Room.
Members Present: James H. VanLeuven, Jr. Joseph Rozell
Curtis Childs D’Arcy Gonzales
Andy Meisner Thomas Middleton
Jeffrey Phelps
Kathy Crawford (designee of Chairman, Board of Commissioners)
Laurie VanPelt (designee of County Executive)
Others Present: Judy Fandale, Human Resources
Jennifer Hain, Human Resources
Keith Lerminiaux, Corporation Counsel
George Tarlas, Asset Consulting Group
David Breuhan, Schwartz & Co
Jeffrey Braemer, Times Square Capital
John Lawson, T. Rowe Price
Jennifer O’Hara-Martin, T. Rowe Price
Rebecca Holtz, OC Retiree
1. Moved by Middleton, seconded by Gonzales to approve the minutes of May 15, 2014. Motion
carried.
2. Meeting was opened for public comment. No one spoke.
3. Moved by Meisner, seconded by Childs to approve the following Defined Benefit retirement
applications. Motion carried.
DEPARTMENT OPTION HEALTH
ELIGIBILITY
RETIREMENT
EFFECTIVE
Atkins, David FM & O A-100% Family(F) 06/20/2014
Dove, Paul E WRC A-100% Family(2) 06/28/2014
Hatfield, Patrick Sheriffs A-100% Family(F) 06/14/2014
Klosky, William Deferred SL Family(2) 07/14/2014
4. Moved by Phelps, seconded by Rozell to approve the following Defined Contribution retirement
applications. Motion carried.
DEPARTMENT HEALTH
ELIGIBILITY
RETIREMENT
EFFECTIVE
Alley, Ricky Sheriffs Family(F) 06/28/2014
Heinrich, Paul IT 60% 07/08/2014
Henderson, Barbara Probate RHS-100% 06/07/2014
Ling, Donna Sheriffs Family (2) 05/31/2014
Ostroth, Anne C Deferred Family (1) 06/01/2014
Robinson, Kurt Sheriffs Family (F) 06/19/2014
Romeos, Cynthia Circuit Court Family (1) 07/12/2014
Thornton, Roger IT 76% 06/13/2014
Welty, James F Veteran Services Family (1) 07/12/2014
Retirement Minutes June 19, 2014
Page 2
5. Moved by Rozell, seconded by VanPelt to receive and file the Deferred Compensation hardship
application for June 2014. Motion carried.
6. Presentation to the Board by Jeffrey Braemer from Times Square Capital, Midcap Growth fund.
7. Presentation to the Board by John Lawson and Jennifer O’Hara-Martin from
T. Rowe Price, Large Cap Enhanced Index fund.
8. Presentation to the Board by George Tarlas from Asset Consulting Group.
9. Other business: Chairman VanLeuven appointed an ad-hoc contract review committee to review
the contract with Gabriel, Roeder Smith & Company as a result of the Request for Information
(RFI). The committee consists of VanLeuven, Rozell, VanPelt & Lerminiaux.
a. Moved by VanPelt, seconded by Meisner to negotiate and finalize a contract with Gabriel,
Roeder Smith no later than July 24, 2014. Motion carried
b. Fidelity deposited $776 in the Fidelity Oakland County suspense account as a result of delayed
contribution postings prior to May 2014.
10. Motion by Rozell, seconded by Curtis to adjourn the meeting at 3:00 p.m. Motion carried
The next meeting is scheduled for July 24, 2014 at 1:30 p.m.
Respectfully submitted,
_______________________________ _________________________________
James H. VanLeuven, Jr., Chairperson Judy Fandale, Assistant Secretary
OAKLAND COUNTY VEBA BOARD MINUTES
The Oakland County Voluntary Employees’ Beneficiary Association Board (VEBA) was held
June 19, 2014 at 3:00 p.m. in the W est Oakland Conference Room.
Members Present: James H. VanLeuven, Jr. Joseph Rozell
Curtis Childs D’Arcy Gonzales
Andy Meisner Thomas Middleton
Jeffrey Phelps
Laurie VanPelt (designee of County Executive)
Members Absent: Kathy Crawford (designee of Chairman, Board of Commissioners)
Others Present: Judy Fandale, Human Resources
Jennifer Hain, Human Resources
George Tarlas, ACG
David Breuhan, Schwartz & Co
Rebecca Holtz, OC Retiree
1. Moved by VanPelt, seconded by Meisner to approve the minutes of May 15, 2014. Motion
carried.
2. Meeting was open for public comment. No one spoke.
3. Moved by Gonzales, seconded by Meisner to adjourn the meeting at 3:05 p.m. Motion
carried.
The next meeting is scheduled for July 24, 2014, immediately following the Retirement and
Deferred Compensation Board meeting.
Respectfully submitted,
________________________________ ________________________________
James H. VanLeuven, Jr., Chairperson Judy Fandale, Assistant Secretary