HomeMy WebLinkAboutMinutes - 2022.07.21 - 37697OAKLAND COUNTY VEBA BOARD MINUTES
The Oakland County Voluntary Employees' Beneficiary Association (VEBA) Board meeting was
held July 21, 2022 at 2:48 p.min the West Conference Room of the L. Brooks Patterson
Building.
CaII to Order/ Roll CaII
Members Present:
Joe Rozell, Robert Wittenberg, Kyle Jen, Brian Partogian, James
Van Leuven, Jeff Phelps, Gwen Markham
Members Absent: Dion Stevens, Dave Woodward
with notice
Others Present:
Carly Webster, Human Resources
Kelly Pena, Human Resources
Aaron Castle, VanOverbeke, Michaud & Timmony, P.C.
Chris Kuhn, AndCo
Peter Brown, AndCo
Louise Gate, GRS
II. Approval of the Agenda
A. Chairperson Rozell amended the agenda by adding the GRS proposed fee
schedule under New Business, item A.
Moved by Wittenberg, seconded by Partogian to approve the agenda, as
amended. Motion carried.
III. Public Comment
None
IV. Regular Agenda
A. Moved by Van Leuven, seconded by Jen to approve the minutes of June 23,
2022. Motion carried.
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 System (ERS) VEBA Monthly Flash
Report Period Ending June 30, 2022
• Oakland County Employees' Retirement System (ERS) VEBA Asset /
Manager Summary Period Ending July 15, 2022
• Oakland County Employees' Retirement System (ERS) Superseding Trust
Monthly Flash Report Period Ending June 30, 2022
B. Aaron Castle of VanOverbeke, Michaud & Timmony, P.C. (VMT) provided a
verbal update on legal matters.
Moved by Van Leuven, seconded by Partogian to adopt and implement all 3 of
the recommendations outlined in the memo distributed by Aaron Castle during
the closed session. Motion carried.
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Oakland County vEBA Board Minutes
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\U. Unfinished Business
None
\4i New Business
A. Louise <'Dates ofGRG.summarized the project scope forthe VEBAExperience
Study and associated fees proposed.
Moved by Wittenberg, seconded by Markham toapprove the fee proposal for the
VEBA Experience Study in the amount of $16,500. Motion carried.
B. Moved bvPortogian.seconded bvStevens toapprove GRSinvoice No. 47O700
in the amount of $2,430 for Minute Master services for CY 2021. Motion carried.
Vill. Trustee Comment
A. Chairperson Rozell noted the next meeting of this Board — Thursday, August 18,
2022
* Trustees Markham and Phelps noted their absence for the August meeting.
ix. Without objection, Chairperson Rozell adjourned the meeting at 2:54 p.m.
Respectfully submitted,