HomeMy WebLinkAboutMinutes - 2022.08.18 - 37694OAKLANDCOUNTY EMPLOYEES'
RETIREMENT AND DEFERRED COMPENSATION BOARD MINUTES
The Oakland County Retirement and Defened Compensation Board meeting was held August
18, 2022 at 1:32 p.m. in West Conference Room of the L. Brooks Patterson Building.
K. Call toOrder/ Roll Call
Members Present: Joe RozeU, Jeff Pho|pa, Robert Wittenberg, Brian Partogiam.
James Van Leuven, Dion Stevens, Dave Woodward
Members Absent: Kyle Jen' Gwen Markham
with notice
Others Present:
Carly Webster, Human Resources
Kelly Pena, Human Resources
Aaron Cost|e, VanDvarbeke' Michaud &Tinnmony. P.C.
John Knskovvok.Gnaystone
Stephanie Biddle, Empower
Thomas May, Empower
Natalie Neph, Treasurer's Office
Curtis Childs, Sheriffs [)ffima
U. Approval mfthe Agenda
A. Moved byPhelps, seconded by Van Leuven toapprove the agenda, as
submitted. Motion carried.
U|. Public Comment
None
IV. Consent Agenda
a. Moved byWoodward, seconded byVan Leuven toapprove the consent agenda,
as submitted. Motion carried.
V. Regular Agenda
A. Moved bvVan Leuven, seconded bvPhelps toapprove the minutes cfJuly 21.
2022. Motion carried.
B. Retirements
a. Moved byPhelps, seconded byWoodward to approve the following
Defined Benefit application. Motion carried.
Name Department Effective
K8ahaOrtez Circuit Court 9/2/2022
b. Moved bvPhelps, seconded bvWoodward hoapprove the following
Defined Contribution applications. Motion carried.
Name Department Effective
Scott Beach [hi|dnen'sViUage 9/7/2022
Oakland County Employees' Retirement and Deferred Compensation Board Minutes
August 18.202e
Page 2
Ann Hooman Deferred Sheriff's Office 8/29/2022
J effvey|ngbbee VVR[ 7/15/2022
VVU|ardLooney FW1&O 9/I/2022
Mary Ritchie Management & Budget 9/I0/2022
Sandra Scott Prosecutor's Office 9/2/2022
V1. Reports
A. Stephanie Biddle of Prudential presented the 2nd Quarter 2022 Oakland County
Plans Summary and provided comments summarizing highlights contained in the
napnn.
Thomas May, Prudential Retirement Counselor, reviewed the outreach efforts
and statistics with the trustees.
Discussion was had and the trustees requested more information onSelf-
directed
B. John KrahovvakofGrayatoneConsulting presented the 2ndQuarter 2022
401a/457band PTNEPlan Investment Review and provided comments
summarizing highlights contained inthe report.
C. Secretary Webster provided a verbal update on retirement administration
matters. No action was taken.
D. Aaron Castle ufVan{}verbake. Michaud & Tlmnnony. P.C. (VMT) provided a
verbal update on legal matters.
VIi Unfinished Business
None
ViU' New Business
None
[x. Trustee Comment
A. Chairperson RozaUnoted next meeting cfthis Board — Thursday, October 2O.
2022.
B. Secretary Webster noted that the 2023 Oakland County Employees' Retirement
and Deferred Compensation Board Calendar will be presented at the October
board meeting.
X. Without objection,Chairperson RozoUadjourned the meeting at2:21 p.m. Motion
carried.
Respectfully submitted,