HomeMy WebLinkAboutMinutes - 2021.10.25 - 35181
OAKLAND COUNTY EMPLOYEES'
RETIREMENT AND DEFERRED COMPENSATION BOARD
INVESTMENT SUB-COMMITTEE MINUTES
A meeting of the Oakland County Employees' Retirement and Deferred Compensation Board
Investment Sub-Committee was held on October 25, 2021 at 1:16 p.m. in the Royal Oak Room
of the L Brooks Patterson Building.
I. Call to Order/ Roll Call
Members Present:
James H. VanLeuven, Jeffrey Phelps, Robert Wittenberg,
Joseph Rozell
Others Present:
Carly Webster, Human Resources
Dave Woodward, Trustee
Gwen Markham, Trustee
Thomas Groechel
Deborah McNeil
Michael Lasley
II. Approval of the Agenda
A. Moved by Rozell, seconded by Phelps to approve the agenda as submitted. Motion
carried.
III. Public Comment
None
IV. Regular Agenda
None
V. Reports
VI. Unfinished Business
A. Moved by Rozell, seconded by Phelps to recommend to the full board to terminate
the relationship with Great Lakes Advisors and temporarily transfer the assets to the
Fidelity Midcap Index Fund, as recommended by AndCo at the October 21, 2021
Board meeting. Discussion followed. Motion carried.
VII. New Business
A. The trustess interviewed the following applicants for Citizen Member appointment for
the term ending December 31, 2025.
• Thomas Groechel
• Deborah McNeil
• Michael Lasley
Moved by Phelps, seconded by VanLeuven to recommend to the full board, that Michael
Lasley be endorsed by the Retirement Board for Citizen Member term ending December
31, 2025. Discussion followed. Motion carried.
VIII. Trustee Comment
IX. Chairperson VanLeuven adjourned the meeting without objection at 2:55 p.m.
Investment Sub-Committee Minutes
Oakland County Employees’ Retirement and Deferred Compensation Board
October 25, 2021
Page 2
Respectfully submitted,
________________________________ ________________________________
James H. VanLeuven, Jr., Chairperson Carly Webster, Secretary