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OAKLAND COUNTY VEBA BOARD MINUTES
The Oakland County Voluntary Employees’ Beneficiary Association (VEBA) Board meeting was
held via teleconference on August 20 , 2020 at 3:28 p.m.
I. Call to Order/ Roll Call
Members Present:
James VanLeuven Jr., Joseph Rozell, Helaine Zack,
Dave Woodward, Lauri Siskind,
Andy Meisner, Jeff Phelps
Members Absent with Notice:
April Lynch, Curtis Childs
Others Present:
Jennifer Hain, Human Resources
Silvia Frank, Human Resources
Carly Webster, Human Resources
Kelly Pena, Human Resources
Aaron Castle, VanOverbeke, Michaud & Timmony, P.C.
II. Approval of the Agenda
A. Moved by Meisner, seconded by Zack to approve the agenda and to temporarily
suspend the Article IV – General Rules & Regulations of the Board ByLaws, to
allow for this Board meeting to be held via teleconference during the COVID-19
pandemic. Motion carried.
III. Public Comment
None
IV. Regular Agenda
A. Moved by Siskind, seconded by Meisner to approve the minutes of July 16, 2020.
Motion carried.
V. Reports
A. Moved by Meisner, seconded by Phelps to receive and file the 2nd Quarter 2020
Retiree Health Savings (RHS) Plan and the Hand Benefits Trust Asset Report.
Motion carried.
B. Moved by Phelps, seconded by Zack to receive and file AndCo Consulting’s July
31, 2020 memo recommending investment in the H.I.G. Bayside Loan
Opportunities Fund VI. Motion carried.
C. Aaron Castle of VanOverbeke, Michaud & Timmony, P.C. (VMT) provided an
update on legal matters.
VI. Unfinished Business
A. Chairperson VanLeuven, without objection, moved the October 22, 2020 Board
meeting to October 15, 2020.
VII. New Business
A. Moved by VanLeuven, seconded by Phelps to approve the GRS July 28, 2020
letter explaining the GASB No. 74 Actuarial Projects and estimate of fees.
Discussion followed.
Oakland County VEBA Board Minutes
August 20, 2020
Page 2
Chairperson VanLeuven withdrew his motion. Phelps withdrew his support. This
item was tabled until the September meeting pending further explanation of fees.
VIII. Trustee Comment
A. Chairperson VanLeuven noted the next meeting of this Board – Thursday,
September 17, 2020
IX. Chairperson VanLeuven adjourned the meeting without objection at 3:36 p.m.
Respectfully submitted,
__________________________________ ____________________________________
James VanLeuven Jr., Chairperson Silvia Frank, Secretary