HomeMy WebLinkAboutMinutes - 2021.06.17 - 34738OAKLAND COUNTY EMPLOYEES’
RETIREMENT AND DEFERRED COMPENSATION BOARD MINUTES
The Oakland County Retirement and Deferred Compensation Board meeting was held via
teleconference on June 17, 2021 at 1:45 p.m.
I. Call to Order/ Roll Call
Members Present:
James VanLeuven Jr. (Milford, MI), Lauri Siskind (Farmington
Hills, MI), Andy Meisner (Pontiac, MI), Jeff Phelps (Waterford, MI),
Gwen Markham (Ludington, MI), April Lynch (Waterford, MI), Brian
Partogian (Brandon, MI)
Members Absent: Joseph Rozell, Dave Woodward
(with notice)
Others Present:
Silvia Frank, Human Resources
Carly Webster, Human Resources
Kelly Pena, Human Resources
Aaron Castle, VanOverbeke, Michaud & Timmony, P.C.
Kyle Jenn, Management & Budget
Robert Wittenberg, Treasurer’s Office
Chris Kuhn, AndCo
Peter Brown, AndCo
Louise Gates, Gabriel, Roeder, Smith & Co.
II. Approval of the Agenda
A. Moved by Phelps, 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
A. Chairperson VanLeuven recognized and thanked Trustee Meisner for his years
of service to the county and on the Retirement Board.
IV. Regular Agenda
A. Moved by Meisner, seconded by Siskind to approve the minutes of May 20,
2021. Motion carried.
B. Retirements
1. Moved by Partogian, seconded by Meisner to approve the following Defined
Benefit applications. Motion carried
Name Department Effective
* Edmond McConney WRC 7/2/2021 *date change
2. Moved by Siskind, seconded by Partogian to approve the following Defined
Contribution applications. Motion carried.
Name Department Effective
Barbara Baril Community Correction 7/1/2021
Deborah Hackman WRC 7/7/2021
Oakland County Employees’ Retirement and Deferred Compensation Board Minutes
June 17, 2021
Page 2
Lisa Vernon 52/2 District Court 7/7/2021
Paul Walton Prosecutor’s Office 1/5/2021
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 – Alternative Investments Period Ending December 31,
2020
• Oakland County Employees’ Retirement System (ERS) Investment
Performance Review Period Ending March 31, 2021
• Oakland County Employees’ Retirement System (ERS) Monthly Flash Report
Period Ending April 30, 2021
• Oakland County Employees’ Retirement System (ERS) Asset / Manager
Summary Period Ending June 10, 2021
Moved by Phelps, seconded by Siskind to approve the recommendation of
AndCo, to transfer $10 million from T Rowe Price to CS McKee and $10
million from SSgA Equal Weight to CS McKee. Motion carried.
B. Moved by Siskind, seconded by Partogian to receive and file the June 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 Partogian, seconded by Siskind to receive and file the June 2021
update on securities litigation by Miller Law Firm. Motion carried.
VI. Unfinished Business
None
VII. New Business
None
VIII. Trustee Comment
A. Chairperson VanLeuven noted the next meeting of this Board – Thursday, July
22, 2021.
B. Trustee Siskind announced upcoming MAPERS events including the Tigers
Game on 7/24/21 and the Fall Conference on 9/17/21 in Bay City.
C. Secretary Frank announced that Ed Bolt, Prudential Dedicated Retirement
Counselor is no longer with Prudential. Kandie Myers will be assisting
participants until the position is filled.
IX. Chairperson VanLeuven adjourned the meeting without objection at 2:31 p.m.
Respectfully submitted,
__________________________________ __________________________________
James H. VanLeuven, Jr., Chairperson Silvia Frank, Secretary