HomeMy WebLinkAboutMinutes - 2021.05.20 - 34575OAKLAND COUNTY EMPLOYEES’
RETIREMENT AND DEFERRED COMPENSATION BOARD MINUTES
The Oakland County Retirement and Deferred Compensation Board meeting was held via
teleconference on May 20, 2021 at 1:30 p.m.
I. Call to Order/ Roll Call
Members Present:
James VanLeuven Jr. (Milford, MI), Joseph Rozell (Huntington
Woods, MI), Lauri Siskind (Farmington Hills, MI), Dave Woodward
(Royal Oak, MI), Andy Meisner (Pontiac, MI), Jeff Phelps
(Waterford, MI), Gwen Markham (Ludington, MI), April Lynch
(Waterford, MI), Brian Partogian (Brandon, MI)
Others Present:
Silvia Frank, Human Resources
Carly Webster, Human Resources
Kelly Pena, Human Resources
Aaron Castle, VanOverbeke, Michaud & Timmony, P.C.
Stephanie Biddle, Prudential
Dan Evans, Prudential
Ed Bolt, Prudential
John Krakowiak, Graystone
Erick Burger, Graystone
Amy Cole, Graystone
Bill Gamberdella, Graystone
Roseliny Genoa, Graystone
Robert Wittenberg, Treasurer’s Office
Louise Gates, Gabriel, Roeder, Smith & Co.
II. Approval of the Agenda
A. Moved by Meisner, seconded by Partogian 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 Phelps to approve the minutes of April 22, 2021.
Motion carried.
B. Retirements
1. Moved by Meisner, seconded by Partogian to approve the following Defined
Benefit applications. Motion carried
Name Department Effective
Edmond McConney WRC 7/3/2021
Karen Sieracki Deferred - Probate Ct 6/25/2021
Kelvin Stan Deferred - Health 5/31/2021
Oakland County Employees’ Retirement and Deferred Compensation Board Minutes
May 20, 2021
Page 2
2. Moved by Woodward, seconded by Rozell to approve the following Defined
Contribution applications. Motion carried.
Name Department Effective
Terry Chase Health 6/3/2021
Steven Dendler Parks & Rec 5/29/2021
Vickie Elliott Deferred - Prosecutor's Office 6/5/2021
Nancy Gliddon District Court 7/1/2021
Debra Holtz Health 7/1/2021
*Mark Hopkins WRC 5/25/2021
Terry Long Sheriff's Office 6/19/2021
*Dorothy Melvin-Johnson Neighborhood & Housing 4/30/2021
Stephen Presby Health 5/22/2021
Janet Stough Treasurer's Office 5/20/2021
Barbara Tabb 52/1 District Court 7/10/2021
Victoria Valko Parks & Rec 4/30/2021
Carol Vandermeer Workforce Development 5/4/2021
Sherry Washburn Children's Village 6/30/2021
3. Moved by Siskind, seconded by Phelps to approve the following Defined
Contribution Non-Duty Death application. Motion carried.
Name Department Effective
Diana (Patrick) Schell Medical Examiner’s Office 5/5/2021
V. Reports
A. Stephanie Biddle of Prudential presented the 1st Quarter 2021 Oakland County
Plans Summary and provided comments summarizing highlights contained in the
report.
B. John Krakowiak of Graystone Consulting presented the 1st Quarter 2021
401a/457b and PTNE Plan Investment Review and provided comments
summarizing highlights contained in the report.
Bill Gambordella and Roseliny Genoa presented the Investing with Impact
portion of the report.
C. Moved by Phelps, seconded by Partogian to receive and file the DB/DC 2021 1st
Quarter Reports. Motion carried.
D. Moved by Siskind, seconded by Partogian to receive and file the May 2021
Administrator’s Report. Motion carried.
E. Aaron Castle of VanOverbeke, Michaud & Timmony, P.C. (VMT) provided a
verbal update on legal matters.
Moved by Woodward, seconded by Meisner to receive and file the May 2021
update on securities litigation by Miller Law Firm. Motion carried.
Moved by Siskind, seconded by Markham to receive and file the securities
litigation review by Barrack, Rodos & Bacine. Motion carried.
Oakland County Employees’ Retirement and Deferred Compensation Board Minutes
May 20, 2021
Page 3
Moved by Phelps, seconded by Partogian to receive and file the May 2021 Legal
Report. Motion carried.
VI. Unfinished Business
None
VII. New Business
A. Moved by Phelps, seconded by Rozell to receive and file the Retirement Board
2021 Retiree Election Calendar for term ending August 31, 2023. Motion carried.
Chairperson VanLeuven called a recess at 2:51 p.m. The Board resumed the
meeting at 2:58 p.m.
B. Moved by Siskind, supported by Phelps to go into closed session for review of
Defined Contribution Non-Duty Disability Retirement application.
Roll Call:
Ayes: Siskind, Phelps, Partogian, Markham, Woodward, Lynch, Rozell,
VanLeuven
Nayes: None
Motion carried. Closed session commenced at 2:59 p.m.
Closed session concluded at 3:18 p.m.; agenda resumed.
Moved by Siskind, seconded by Phelps to instruct staff to notify the applicant of
identified deficiencies and to proceed to facilitate selection of the third-party
physician per the policy, as discussed in closed session. Motion carried.
VIII. Trustee Comment
A. Chairperson VanLeuven noted the next meeting of this Board – Thursday, June
17, 2021.
IX. Chairperson VanLeuven adjourned the meeting without objection at 3:19 p.m.
Respectfully submitted,
__________________________________ __________________________________
James H. VanLeuven, Jr., Chairperson Silvia Frank, Secretary