HomeMy WebLinkAboutMinutes - 2014.09.18 - 33195OAKLAND COUNTY RETIREMENT
AND DEFERRED COMPENSATION BOARD MINUTES
The Oakland County Retirement and Deferred Compensation Board meeting was held September 18,
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
Andy Meisner Joseph Rozell
Laurie VanPelt (designee of County Executive)
Members Absent: Jeffrey Phelps with notice
Kathy Crawford with notice
Others Present: Judy Fandale, Human Resources
Megan Navarre, Human Resources
Jennifer Hain, Human Resources
Natalie Neph, Treasurers
Keith Lerminiaux, Corporation Counsel
David Breuhan, Schwartz & Co
Brad Davis, ACG
John Cardinali, Loomis, Sayles
Mark Burns, Loomis, Sayles
Peter Palfrey, Loomis, Sayles
Richard Herbert, Franklin Templeton
Daniel Veddern, Franklin Templeton
Rebecca Holtz, Oakland County Retiree
1. Moved by Middleton, seconded by Gonzales to approve the minutes of August 21, 2014. Motion
carried.
2. Meeting was opened for public comment. No one spoke.
3. Moved by Rozell, seconded by Childs to approve the following Defined Benefit retirement
applications. Motion carried.
DEPARTMENT OPTION HEALTH
ELIGIBILITY
RETIREMENT
EFFECTIVE
Albertson, Timothy Circuit Court SL Family(2) 10/11/2014
Archambeau, Robert J. FM&O A-100% Family(F) 10/17/2014
Bovee, Lori FOC SL Family(F) 10/18/2014
Campbell, Anita IT SL Family (1) 11/18/2014
Dodge, Karen FOC SL Family(1) 10/18/2014
Elmy, Gerald Sheriff’s SL Family(1) 10/15/2014
Hancook, Emily Prosecutor’s D-50% Family(F) 10/15/2014
May, Ernie Sheriff’s D-100% Family(F) 10/16/2014
Osterkamp, Karen Clerk/ROD B-50% Family(2) 10/18/2014
Powell, Stephen Sheriff’s C Family(1) 10/15/2014
Thweny, Linda Equalization SL Family(1) 10/15/2014
Retirement Minutes September 18, 2014
Page 2
4. Moved by VanPelt, seconded by Middleton to approve the following Defined Contribution
retirement applications. Motion carried.
DEPARTMENT HEALTH
ELIGIBILITY
RETIREMENT
EFFECTIVE
Creamer, Dawn Equalization Family(2) 09/27/2014
Kennedy, Stephen Deferred Family(F) 09/01/2014
Sparks, Andrew Sheriff’s Family(2) 10/16/2014
Vittone, Anthony Sheriff’s Family(2) 10/22/2014
5. Moved by Rozell, seconded by Childs to approve the retirement for District Court Judge Powers,
Oakland County health benefits only. Motion carried.
6. Moved by VanPelt, seconded by Meisner to rescind the motion to approve the minutes and actions
of the August 18, 2014 Education subcommittee. Motion carried
6a. Moved by VanPelt, seconded by Rozell to receive and file the minutes of the August 18,
2014 Education subcommittee. Motion carried
7. Moved by VanPelt, seconded by Meisner to receive and file the Election Calendar for the
Employee Member term ending December 31, 2018. Motion carried.
8. John Cardinali, Mark Burns and Peter Palfrey from Loomis Sayles reported on the Fixed Income
and Small Cap Growth fund.
9. Richard Herbert and Daniel Veddern from Franklin Templeton reported on the Fixed Income fund.
10. Brad Davis from Asset Consulting Group presented the ASAP report to the Board.
11. Other Business:
a) The Board was reminded of the investment training being offered by Asset Consulting
Group on October 22, 2014. Members must RSVP to ACG if they are attending.
b) Keith Lerminiaux will draft an updated version of our current by-laws for Board approval
12. Moved by Meisner, seconded by VanPelt to adjourn the meeting at 3:10 p.m. Motion carried
The next meeting is scheduled for October 23, 2014 at 1:30 p.m.
Respectfully submitted,
_______________________________ _________________________________
James H. VanLeuven, Jr., Chairperson Judy Fandale, Secretary