HomeMy WebLinkAboutMinutes - 2022.05.12 - 37463OAKLAND COUNTY EMPLOYEES'
RETIREMENT AND DEFERRED COMPENSATION BOARD MINUTES
The Oakland County Retirement and Deferred Compensation Board meeting was held May 12,
2022 at 1:31 p.m, in the West Conference Room of the L. Brooks Patterson Building.
I. Call to Order/ Roll CaII
Members Present:
Joe Rozell, Jeff Phelps, Gwen Markham, Brian Partogian, James
VanLeuven, Dion Stevens
Members Absent: Dave Woodward, Robert Wittenberg, Kyle Jen
with notice
Others Present:
Carly Webster, Human Resources
Kelly Pena, Human Resources
Aaron Castle, VanOverbeke, Michaud & Timmony, P.C.
Curtis Childs, Sheriffs Office
Natalie Neph, Treasurer's Office
Amy Cole, Graystone Consulting
Erik Burger, Graystone Consulting
Stephanie Biddle, Empower
Thomas May, Empower
Sandra Burgess, Employee/Retiree
IL Approval of the Agenda
A. Moved by Partogian, seconded by Markham to approve the agenda, with the
addition of item B under New Business. Motion carried.
Ill. Public Comment
None
IV. Regular Agenda
A. Moved by VanLeuven, seconded by Partogian to approve the minutes of April 28,
2022. Motion carried.
B. Retirements
1. Defined Benefit retirement applications — None
2. Moved by Phelps, seconded by VanLeuven to approve the following Defined
Contribution applications. Motion carried.
Name Department Effective
Joyce Bowers Equalization 5/14/2022
Sandra Burgess Circuit Court 5/3/2022
Stephen Murphy Deferred — IT 5/11/2022
Linda Navarre Clerk/Register of Deeds 5/21/2022
David Page WRC 5/12/2022
Jason Pernick Prosecutor's Office 4/21/2022
Connie Sirns WRC 5/7/2022
Randy Tarp Sheriff's Office 5/26/2022
Bradley Teague Sheriff's Office 5/26/2022
Oakland County Employees' Retirement and Deferred Compensation Board Minutes
May 12, 2022
Page 2
V. Reports
A. Stephanie Biddle of Prudential presented the 1St Quarter 2022 Oakland County
Plans Summary and provided comments summarizing highlights contained in the
report.
Thomas May, Prudential Retirement Counselor, reviewed the outreach efforts
and statistics with the trustees.
B. Amy Cole and Erik Burger of Graystone Consulting presented the 1' Quarter
2022 401a1457b and PTNE Plan Investment Review and provided comments
summarizing highlights contained in the report.
C. Moved by VanLeuven, seconded by Phelps to receive and file the minutes of the
May 12, 2022 investment Subcommitte after amending item VII.A. Motion
carried.
D. Moved by Partogian, seconded by Stevens to receive and file the May 2022
Administrator's Report Motion carried.
E. Aaron Castle of VanOverbeke, Michaud & Timmony, P.C. (VMT) provided a
verbal update on legal matters.
VI. Unfinished Business
None
VII. New Business
A. Secretary Webster reviewed the Defined Contribution Non -Duty Disability
Retirement Applications
Moved by VanLeuven, seconded by Phelps to acknowledge receipt of the first
Non -Duty Disability application and refer to IME. Motion carried.
Moved by Partogian, seconded by Markham to acknowledge receipt of the
second Non -Duty Disability application and refer to IME. Motion carried.
B. Chairperson Rozell appointed trustees Wittenberg and Phelps as the MAPERS
Spring 2022 Conference voting delegates,
VIII. Trustee Comment
A. Chairperson Rozell noted the possible change of date for the next meeting of this
board from June 16 to June 23. Secretary Webster will check availability.
IX. Without objection, Chairperson Rozell adjourned the meeting at 2:43 p.m.
Respectfully submitted,
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/osdfph Rgkell hairperson CarlyWebster, Secretary