HomeMy WebLinkAboutMinutes - 2021.07.29 - 34761OAKLAND COUNTY EMPLOYEES’
RETIREMENT AND DEFERRED COMPENSATION BOARD MINUTES
The Oakland County Retirement and Deferred Compensation Board meeting was held July 29,
2021 at 1:30 p.m. in Committee Room A, Board of Commissioners.
I. Call to Order/ Roll Call
Members Present:
James VanLeuven Jr., Joseph Rozell, Dave Woodward, Lauri
Siskind, Robert Wittenberg, Jeff Phelps, April Lynch, Brian
Partogian
Members Absent: Gwen Markham
(with notice)
Others Present:
Carly Webster, Human Resources
Lisa Villella, Human Resources
Aaron Castle, VanOverbeke, Michaud & Timmony, P.C.
Natalie Neph, Treasurer’s Office
Chris Kuhn, AndCo
Peter Brown, AndCo
Louise Gates, Gabriel, Roeder, Smith & Co.
II. Approval of the Agenda
A. Moved by Rozell, seconded by Siskind to approve the agenda as submitted.
Motion carried.
III. Public Comment
None
IV. Regular Agenda
A. Moved by Siskind, seconded by Phelps to approve the minutes of June 17, 2021.
Motion carried.
B. Retirements
1. Moved by Rozell, seconded by Partogian to approve the following Defined
Benefit applications. Motion carried.
Name Department Effective
Arthur Kinney Sheriff's Office 8/16/2021
Bryan McCaffrey Circuit Court 8/28/2021
2. Moved by Partogian, seconded by Phelps to approve the following Defined
Contribution applications. Motion carried.
Name Department Effective
Patricia Cook Deferred - Materials Mgt 7/22/2021
Robert Decker Sheriff's Office 7/31/2021
Laura Montgomery Deferred - CMH 7/10/2021
Gary Tunis Prosecutor's Office 7/10/2021
Mary VanderWorp Circuit Court 7/10/2021
Oakland County Employees’ Retirement and Deferred Compensation Board Minutes
July 29, 2021
Page 2
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) Monthly Flash Report
Period Ending June 30, 2021
• Oakland County Employees’ Retirement System (ERS) Asset / Manager
Summary Period Ending July 16, 2021
• Introduction to ESG - A Primer for Institutional Clients – July 2021
B. Moved by Woodward, seconded by Siskind to receive and file the DB/DC 2nd
Quarter 2021 Reports. Motion carried.
C. Moved by Partogian, seconded by Phelps to receive and file the July 2021
Administrator’s Report. Motion carried.
D. Aaron Castle of VanOverbeke, Michaud & Timmony, P.C. (VMT) provided a
verbal update on legal matters.
Moved by Woodward, seconded by Rozell to authorize legal counsel to file the
Most Favored Nation (MFN) Election Form to Hamilton Lane Secondary Fund V
LP, on behalf of the Board. Motion carried.
Moved by Siskind, seconded by Phelps to receive and file the June 2021 update
on securities litigation by Miller Law Firm and the July 2021 Legal Report from
Aaron Castle. Motion carried.
VI. Unfinished Business
None
VII. New Business
A. Moved by Rozell, seconded by Lynch to recommend the Oakland County 457(b)
Deferred Compensation Plan amendments to the Board of Commissioners. Motion
carried.
B. Chairperson VanLeuven appointed trustees Rozell, Phelps and Partogian to the
Election Board to oversee the canvassing of the vote on August 9, 2021 at 1:00
p.m. (Subsequently, Trustee Partogian could not attend, therefore, Chairman
VanLeuven appointed Trustee Wittenberg.)
C. Moved by Lynch, seconded by Phelps to approve the Gabriel, Roeder, Smith & Co.
(GRS) invoice No. 463514 in the amount of $2,306 for Minute Master Services CY
2020. Motion carried.
D. Moved by Woodward, seconded by Rozell to approve the VMT invoices No. 10899,
10901, 10900 and 10902 in the combined amount of $11,914 for the 1st Quarter
2021. Motion carried.
E. Moved by Siskind, seconded by Phelps to approve the VMT invoices No. 111003,
111004, 111005 and 111006 in the combined amount of $4,421.50 for the 2nd
Quarter 2021. Motion carried.
VIII. Trustee Comment
A. Chairperson VanLeuven noted the next meeting of this Board – Thursday,
August 12, 2021.
B. Chairperson VanLeuven appointed Trustee Wittenberg to the Investment
Subcommittee.
Oakland County Employees’ Retirement and Deferred Compensation Board Minutes
July 29, 2021
Page 3
C. Trustee Lynch announced that Silvia Frank is no longer with the county and Carly
Webster is serving at the interim Retirement Administrator.
IX. Chairperson VanLeuven adjourned the meeting without objection at 2:54 p.m.
Respectfully submitted,
__________________________________ __________________________________
James H. VanLeuven, Jr., Chairperson Carly Webster, Secretary