HomeMy WebLinkAboutMinutes - 2021.09.23 - 34942OAKLAND COUNTY EMPLOYEES’
RETIREMENT AND DEFERRED COMPENSATION BOARD MINUTES
The Oakland County Retirement and Deferred Compensation Board meeting was held
September 23, 2021 at 1:31 p.m. in the Committee Room A of the Board of Commissioners.
I. Call to Order/ Roll Call
Members Present:
James VanLeuven Jr., Joseph Rozell, Lauri Siskind,
Robert Wittenberg, Jeff Phelps, Brian Partogian, Gwen Markham,
Dave Woodward, April Lynch
Others Present:
Carly Webster, Human Resources
Kelly Pena, Human Resources
Aaron Castle, VanOverbeke, Michaud & Timmony, P.C.
Ross Gavin, Treasurer’s Office
Trevor Schantz, Elections
Louise Gates, GRS
Chris Kuhn, AndCo
Peter Brown, AndCo
II. Approval of the Agenda
A. Moved by Rozell, seconded by Markham to approve the agenda as submitted.
Motion carried.
III. Public Comment
None
IV. Regular Agenda
A. Moved by Siskind, seconded by Wittenberg to approve the minutes of August 12,
2021. Motion carried.
B. Retirements
1. Moved by Phelps, seconded by Partogian to approve the following Defined
Contribution applications. Motion carried.
Name Department Effective
Barbara Burr 52/3 District Court 9/16/2021
William Christensen Sheriff's Office 10/23/2021
RuthAnne Gerber Deferred - District Court 10/8/2021
William A. Holdsworth Deferred - Facilities Management 10/3/2021
Mildred James Circuit Court 10/2/2021
Naomi Leach Deferred - Circuit Court 10/2/2021
Cynthia Mattack Health & Human Services 12/1/2021
Susan McCoy Friend of the Court 9/18/2021
Christina Rosales-Acuna Sheriff's Office 10/30/2021
Daniel Toth Sheriff's Office 10/7/2021
James VerPloeg Deferred - BOC 10/2/2021
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 and Deferred Compensation Board Minutes
September 23, 2021
Page 2
• Oakland County Employees’ Retirement System (ERS) Monthly Flash Report
Period Ending July 31, 2021
• Oakland County Employees’ Retirement System (ERS) Asset / Manager
Summary Period Ending September 15, 2021
• Oakland County Employees’ Retirement System (ERS) Investment
Performance Review Period Ending June 30, 2021
• ESG Investment Manager Survey – September 2021
B. Moved by Rozell, seconded by Wittenberg to receive and file the September
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 Lynch, seconded by Siskind to receive and file the September 2021
update on securities litigation by Miller Law Firm. Motion carried.
Moved by Rozell, seconded by Partogian to approve and authorize signature for
the amended services agreement with Prudential, effective September 1, 2021.
Motion carried.
VI. Unfinished Business
VII. New Business
A. Moved by Lynch, seconded by Woodward to receive and file the 2022 meeting
calendar. Motion carried.
B. Moved by Siskind, seconded by Woodward to approve the Spectrum Printers, Inc
invoice no. 97969 in the amount of $2,456 for Retiree Member Election. Motion
carried.
C. Moved by Wittenberg, seconded by Partogian to approve the proposed fee for
GRS Consulting Minute Master Services for 2021 in the amount of $2,430. Motion
carried.
D. Trustees discussed scheduling an actuary lunch & learn in 2022.
VIII. Trustee Comment
A. Chairperson VanLeuven noted the next meeting of this Board – Thursday,
October 21, 2021 beginning at 1:30 p.m. There will be an Investment
Subcommittee meeting prior to the Board meeting at 11:00 a.m.
IX. Chairperson VanLeuven adjourned the meeting without objection at 2:34 p.m.
Respectfully submitted,
__________________________________ __________________________________
James H. VanLeuven, Jr., Chairperson Carly Webster, Secretary