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.
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Respectfully submitted,
Carly Webster, A6cretary