HomeMy WebLinkAboutMinutes - 2021.03.18 - 34326OAKLAND COUNTY EMPLOYEES’
RETIREMENT AND DEFERRED COMPENSATION BOARD MINUTES
The Oakland County Retirement and Deferred Compensation Board meeting was held via
teleconference on March 18, 2021 at 1:30 p.m.
I. Call to Order/ Roll Call
Members Present:
James VanLeuven Jr. (Clearwater, FL), Joseph Rozell
(Huntington Woods, MI), Lauri Siskind (Riverside Co, CA), Dave
Woodward (Royal Oak, MI), Andy Meisner (Bloomfield Hills, MI),
Jeff Phelps (Waterford, MI), Gwen Markham (Novi, MI), April
Lynch (Pontiac, MI), Brian Partogian (Pontiac, MI)
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.
Chris Kuhn, AndCo
Peter Brown, AndCo
II. Approval of the Agenda
A. Moved by Partogian, seconded by Phelps to approve the agenda and to
temporarily suspend 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 Partogian to approve the minutes of February
18, 2021. Motion carried.
B. Retirements
1. Moved by Siskind, seconded by Meisner to approve the following Defined
Benefit applications. Motion carried
DEPARTMENT EFFECTIVE
Appel, Glenn WRC 5/1/2021
Bishop, Herman Sheriff's Office 4/24/2021
Cowell, Sammy FM&O 4/17/2021
Currie, Ann District Court IV 3/2/2021
Gill, Bradley FM&O 5/1/2021
Gordon, Matthew FM&O 5/1/2021
Hensel, Thomas HHS 4/15/2021
Honer, Roma FOC 4/17/2021
Howes-Evanson, Jacqueline Circuit Court 5/1/2021
Keeler, Renae BOC 4/24/2021
Keesling, Kevin FM&O 3/2/2021
Morin, Carol Fiscal Service 4/24/2021
Oakland County Employees’ Retirement and Deferred Compensation Board Minutes
March 18, 2021
Page 2
Morse, Susan FOC 5/1/2021
Rodges, Orman Sheriff's Office 4/17/2021
Sweik, Julie Risk Management 5/1/2021
Threatt, Kevin Circuit Court 5/1/2021
2. Moved by Phelps, seconded by Lynch to approve the following Defined
Contribution applications. Motion carried.
DEPARTMENT EFFECTIVE
Adams, Virgie District Court III 3/13/2021
Bridson, Joanne FOC 5/1/2021
Carr, Matthew WRC 4/23/2021
Chubb, David Sheriff's Office 3/25/2021
Ciecko, Lee Ann County Executive 5/1/2021
Coon, Cynthia Planning & Econ Dev 3/5/2021
Ellis, Nancy Prosecutor's Office 5/1/2021
Firestine, Brenda Equalization 3/27/2021
Frederick, Laura Health 5/1/2021
Hayes, Kimberly Deferred - FOC 4/1/2021
Hrabonz, Mary Health 5/1/2021
Hunter, Daniel Economic Dev 3/20/2021
Kampsen, Kerry Record Retention 5/1/2021
Kline, Valerie Fiscal Services 3/20/2021
Leh, Timothy Sheriff's Office 4/16/2021
McNamara, Arthur Medical Examiner 4/3/2021
Pagel, Doreen County Executive 5/1/2021
Palmer, Susan Clerk/Register of Deeds 5/1/2021
Provenzano, Margaret Health 5/1/2021
Shaw, Carol FOC 4/2/2021
Sherbow, Mark FOC 5/1/2021
Stencil, Daniel Parks & Rec 3/16/2021
Weiss, Karen Health 3/5/2021
V. Reports
A. Chris Kuhn and Peter Brown of AndCo Consulting presented the following
reports and provided comments summarizing highlights contained in each:
• Oakland County Employees’ Retirement System (ERS) Investment
Performance Review Period Ending December 31, 2020
• Oakland County Employees’ Retirement System (ERS) Monthly Flash Report
Period Ending January 31, 2021
B. Moved by Partogian, seconded by Meisner to receive and file the March 2021
Administrator’s Report. Motion carried.
C. Aaron Castle of VanOverbeke, Michaud & Timmony, P.C. (VMT) provided a
verbal update on legal matters.
Moved by Siskind, seconded by Phelps to receive and file the March 2021
update on securities litigation by Miller Law Firm. Motion carried.
Oakland County Employees’ Retirement and Deferred Compensation Board Minutes
March 18, 2021
Page 3
Moved by Rozell, seconded by Woodward to receive and file the March 2021
Legal Report. Motion carried.
VI. Unfinished Business
A. Chairperson VanLeuven noted the Defined Contribution Consultant contract with
Graystone had been completed.
VII. New Business
A. Moved by Rozell, seconded by Siskind to approve the post retirement benefit
increases outlined in the March 9, 2021 memo from Secretary Frank. Motion
carried.
VIII. Trustee Comment
A. Chairperson VanLeuven noted the next meeting of this Board – Thursday, April
22, 2021.
IX. Chairperson VanLeuven adjourned the meeting without objection at 2:36 p.m.
Respectfully submitted,
__________________________________ __________________________________
James H. VanLeuven, Jr., Chairperson Silvia Frank, Secretary