HomeMy WebLinkAboutMinutes - 2022.08.26 - 40780
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 August 26, 2022 at 9:30 a.m. in East Oakland
Conference Room of the L Brooks Patterson Building.
I. Call to Order/ Roll Call
Members Present:
James VanLeuven, Jeffrey Phelps, Joseph Rozell, Robert Wittenberg
Others Present:
Carly Webster, Human Resources
Kelly Pena, Human Resources
Lisa Villella, Human Resources
Aaron Castle, Van Overbeke, Michaud & Timmony, P.C.
Chris Kuhn, AndCo Consulting
Peter Brown, AndCo Consulting
Oleg Sydyak, AndCo Consulting
Louise Gate, GRS
Marlene Beach, UHY
Edward Plawecki UHY
Chris Peterson, UHY
Daniel Clark, Rehmann
Nathan Balderman, Rehmann
Steven Gibson, Rehmann
Susan Gibson, Rehmann
II. Approval of the Agenda
A. Moved by Van Leuven, seconded by Phelps to approve the agenda as submitted.
Motion carried.
III. Public Comment
None
IV. Regular Agenda
None
V. Reports
A. Chris Kuhn, Peter Brown and Oleg Sydyak from AndCo Consulting presented the
Asset Liability Model to the trustees.
Moved by Van Leuven, seconded by Phelps to adopt the model with less
alternatives. AndCo will recommendations for further review. Motion carried.
B. The trustees conducted interviews with the following Independent Auditing firms.
• UHY
• Rehmann
VI. Unfinished Business
None
Investment Sub-Committee Minutes
Oakland County Employees’ Retirement and Deferred Compensation Board
August 26, 2022
Page 2 VII. New Business
A. The trustees discussed the interviews with the different firms as it relates to the
retirement system and the VEBA.
Moved by Van Leuven, seconded by Phelps to recommend to the full board to
engage UHY for an internal controls audit, subject to contract negotiations. Motion
carried.
VIII. Trustee Comment
IX. Chairperson Rozell adjourned the meeting without objection at 12:55 p.m.
Respectfully submitted,
________________________________ ________________________________
Joseph Rozell, Chairperson Carly Webster, Secretary