HomeMy WebLinkAboutMinutes - 2014.04.17 - 33261 OAKLAND COUNTY VEBA BOARD MINUTES
The Oakland County Voluntary Employees’ Beneficiary Association Board (VEBA) was held
April 17, 2014 at 3:00 p.m. in the West Oakland Conference Room.
Members Present: James H. VanLeuven, Jr. Joseph Rozell
D’Arcy Gonzales Andy Meisner
Jeffrey Phelps Thomas Middleton
Curtis Childs
Laurie VanPelt (designee of County Executive)
Members Absent: Kathy Crawford
Others Present: Judy Fandale, Human Resources
Jennifer Hain, Human Resources
Megan Navarre, Human Resources
Keith Lerminiaux, Corporation Counsel
Natalie Neph, Treasurer’s Office
Haley Rives, ACG
John Axe, Axe & Ecklund, P.C
Douglas J Williams, County Retiree
Rebecca Holts, County Retiree
1. Moved by Meisner, seconded by Middleton to approve the minutes of March 20, 2014. Motion
carried.
2. Meeting was opened for public comment. No one spoke.
3. Louise Gates from Gabriel, Roeder, Smith & Co. presented the September 30, 2013 Oakland
County Retirees’ Health Care Trust actuarial report to the Board.
4. Moved by VanPelt, seconded by Childs that upon recommendation from Gabriel,
Roeder, Smith & Company, the actuarial firm for the Retirees’ Health Care Trust, that the
following transfer be made. Motion carried.
1. Transfer $818, 930 from the Deputy subaccount to the Command Officers subaccount
within the VEBA Trust.
5. Moved by VanPelt, seconded by Gonzales to approve the investment agreement authorizing
the VEBA Trust to manage and administer the assets of the 2013 Superseding Trust for as
long as the Superseding trust exists and has assets. Motion carried.
6. Moved by Gonzales, seconded by Childs to adjourn the meeting at 3:05 p.m. Motion carried.
The next meeting is scheduled for May 15, 2014, immediately following the Retirement and
Deferred Compensation Board meeting.
Respectfully submitted,
________________________________ ________________________________
James H. VanLeuven, Jr., Chairperson Judy Fandale, Assistant Secretary