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HomeMy WebLinkAboutMinutes - 2024.05.16 - 41577OAKLAND COUNTY VEBA BOARD MINUTES The Oakland County Voluntary Employees' Beneficiary Association (VEBA) Board meeting was held May 16, 2024, at 3:16 p.m. in the East Conference Room of the Executive Office Building. I. Call to Order/ Roll CaII Members Present: Joseph Rozell, Jeffrey Phelps, Robert Wittenberg, David Woodward, Gwen Markham, James Van Leuven, Dion Stevens Members Absent: Brian J. Lefler, Brian Partogian with notice Others Present: Carly Webster, Human Resources Kelly Pena, Human Resources Aaron Castle, VanOverbeke, Michaud & Timmony, P.C. Louise Gates, GRS Mary Skvarce, Human Resources II. Approval of the Agenda A. Moved by Stevens, seconded by Phelps to approve the agenda as submitted. Motion carried. III. Public Comment None IV. Consent Agenda A. Approval of the April 18, 2024 VEBA Board minutes B. Medicare Reimbursement payroll — 05/31/24 C. Investment Manager Invoices D. Service Provider Invoices/projected monthly fees Moved by Van Leuven, seconded by Stevens to approve the consent agenda, as submitted. Motion carried. V. Regular Agenda None VI. Reports A. Moved by Van Leuven, seconded by Phelps to receive and file the Hand Benefits & Trust/BPAS 1st Quarter 2024 RHS Plan — Trust Asset Report. Motion carried. B. Moved by Stevens, seconded by Phelps to receive and file the Treasurer's Report. Motion carried. C. Secretary Webster did not have any updates to share for the Administrator's Report. D. Aaron Castle of VanOverbeke, Michaud & Timmony, P.C. (VMT) did not have any updates on legal matters. No action was taken. Oakland County veaxBoard Minutes May 1*.uuu4 Page 2 VIK. Unfinished Business None VilU. New Business None IX Trustee Comment A. Chairperson RozeUasked Louise Gates bodiscuss the VEBAvaluation conducted every 5years and what effects the funding percentages. Louise explained that surpluses can shrink due to investment risk and healthcare costs. B. Chairperson RozeUnoted the next meeting ofthis Board — Thursday, June 2O. 2024 C. Without objection, Chairperson Rozell adjourned the meeting at 3:22 p.m. �/ ,Jos�m�Ro��U.Qhairperaon ' i' ^ Respectfully submitted, Carly Webster, A6cretary