HomeMy WebLinkAboutMinutes - 2021.08.12 - 34819OAKLAND COUNTY EMPLOYEES’
RETIREMENT AND DEFERRED COMPENSATION BOARD MINUTES
The Oakland County Retirement and Deferred Compensation Board meeting was held August
12, 2021 at 1:30 p.m. in the West Oakland Conference Room of the L Brooks Patterson
Building.
I. Call to Order/ Roll Call
Members Present:
James VanLeuven Jr., Joseph Rozell, Lauri Siskind,
Robert Wittenberg, Jeff Phelps, Brian Partogian, Gwen Markham
Members Absent: Dave Woodward, April Lynch
(with notice)
Others Present:
Carly Webster, Human Resources
Lisa Villella, Human Resources
Aaron Castle, VanOverbeke, Michaud & Timmony, P.C.
Ross Gavin, Treasurer’s Office
Curtis Childs, Sheriff’s Office
Amy Cole, Graystone
Erik Burger, Graystone
John Krakowiak, Graystone
II. Approval of the Agenda
A. Moved by Phelps, seconded by Siskind to approve the agenda as submitted.
Motion carried.
III. Public Comment
None
IV. Regular Agenda
A. Moved by Partogian, seconded by Phelps to approve the minutes of July 29,
2021. Motion carried.
B. Retirements
1. Moved by Partogian, seconded by Siskind to approve the following Defined
Benefit applications. Motion carried.
Name Department Effective
Lynn Hensel IT 8/28/2021
Mary Zednik Parks & Rec 10/16/2021
2. Moved by Phelps, seconded by Partogian to approve the following Defined
Contribution applications. Motion carried.
Name Department Effective
Aletha Craig Purchasing 11/2/2021
Allen Craig IT 10/30/2021
Keith Harding FM&O 9/2/2021
Penny Knope Facilities Management 9/2/2021
Linda Muiter-Carmean Community Corrections 8/5/2021
Oakland County Employees’ Retirement and Deferred Compensation Board Minutes
August 12, 2021
Page 2
John O'Brien Deferred - Prosecutor's Office 7/28/2021
Jawyeuan Chen Tsai Fiscal Services 8/28/2021
V. Reports
A. Stephanie Biddle of Prudential presented the 2nd Quarter 2021 Oakland County
Plans Summary and provided comments summarizing highlights contained in the
report.
Stephanie Biddle provided an update on Empower’s acquisition of Prudential
Retirement. The transaction is expected to close in the first quarter 2022.
B. John Krakowiak, Amy Cole and Erik Burger of Graystone Consulting presented
the 2nd Quarter 2021 401a/457b and PTNE Plan Investment Review and
provided comments summarizing highlights contained in the report.
C. Moved by Siskind, seconded by Partogian to receive and file the August 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 Rozell, seconded by Markham to receive and file the August 2021
update on securities litigation by Miller Law Firm. Motion carried.
Moved by Phelps, seconded by Wittenberg to approve the Oakland County
Employees’ Retirement System Authorized Signers Resolution. Motion carried.
VI. Unfinished Business
A. Moved by Rozell, seconded by Wittenberg to receive and file the Election
Committee Statement, certifying that James VanLeuven Jr. will serve as the
Retiree Representative Member for term ending August 31, 2023. Motion carried.
B. Moved by Rozell, seconded by Markham to authorize an electronic device and
monthly data plan to be available to interested trustees with the administrative cost
to be evenly split between the OCERS and VEBA Trust. Motion carried.
VII. New Business
A. Trustees VanLeuven and Wittenberg agreed to be the delegates to represent the
Board for the MAPERS Fall Business Meeting and Elections.
VIII. Trustee Comment
A. Chairperson VanLeuven noted the next meeting of this Board – Thursday,
September 23, 2021 at the Board of Commissioners in Committee Room A.
AndCo Consulting will host a Lunch & Learn beginning at 12:15 p.m.
IX. Chairperson VanLeuven adjourned the meeting without objection at 2:31 p.m.
Respectfully submitted,
__________________________________ __________________________________
James H. VanLeuven, Jr., Chairperson Carly Webster, Secretary