HomeMy WebLinkAboutMinutes - 2022.02.17 - 35401
OAKLAND COUNTY VEBA BOARD MINUTES
The Oakland County Voluntary Employees’ Beneficiary Association (VEBA) Board meeting was
held February 17, 2022 at 2:39 p.m. in West Conference Room of the L. Brooks Patterson
Building.
I. Call to Order/ Roll Call
Members Present:
James VanLeuven, Jeff Phelps, Joe Rozell, Robert Wittenberg,
Dave Woodward, Kyle Jen, Dion Stevens
Members Absent: Gwen Markham, Brian Partogian
with notice
Others Present:
Carly Webster, Human Resources
Lisa Villella, Human Resources
Aaron Castle, VanOverbeke, Michaud & Timmony, P.C.
Louise Gate, GRS
Rob Luciani, Prudential
Thomas May, Prudential
John Krakowiak, Graystone
Amy Cole, Graystone
Erik Burger, Graystone
II. Approval of the Agenda
A. Moved by Wittenberg, seconded by Jen to approve the agenda as submitted.
Motion carried.
III. Public Comment
None
IV. Regular Agenda
A. Moved by Wittenberg, seconded by Phelps to approve the minutes of January
20, 2022. Motion carried.
V. Reports
A. Moved by Van Leuven, seconded by Woodward to receive and file the Hand
Benefits & Trust/BPAS 4th Quarter 2021 RHS Plan – Trust Asset Report. Motion
carried.
B. Moved by Wittenberg, seconded by Stevens to receive and file the 4th Quarter
2021 Oakland County Retirement Health Savings (RHS) Plan. Motion carried.
Graystone recommended the following funds transition to the R6 share class,
which have potential annual savings of $344,335.
• Victory Sycamore Established Value A
• American Funds Europacific Growth R5E
• American Funds New Perspectives R5
• JPM Equity Income R5
• MFS International Intrinsic Value R3
Oakland County VEBA Board Minutes
February 17, 2022
Page 2
Moved by Woodward, seconded by Wittenberg to approve the recommendation
of Graystone to transition the five funds to the R6 share class. Motion carried.
C. Aaron Castle of VanOverbeke, Michaud & Timmony, P.C. (VMT) provided a
verbal update on legal matters. (Deferred to New Business item E.)
Move by Van Leuven, seconded by Phelps to approve the Authorized Signers
Resolution. Motion carried.
VI. Unfinished Business
None
VII. New Business
None
VIII. Trustee Comment
A. Without objection, Chairperson Rozell moved the May 19, 2022 meeting to May
12, 2022.
B. Chairperson Rozell noted the next meeting of this Board – Thursday, February
17, 2022
IX. Moved by Jen, seconded by Wittenberg to adjourn the meeting at 2:43 p.m. Motion
carried.
Respectfully submitted,
__________________________________ ____________________________________
Joseph Rozell, Chairperson Carly Webster, Secretary