HomeMy WebLinkAboutMinutes - 2024.07.18 - 41585OAKLAND COUNTY VEBA BOARD MINUTES
The Oakland County Voluntary Employees' Beneficiary Association (VEBA) Board meeting was
held July 18, 2024, at 2:36 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, Brian J. Lefler
David Woodward, Gwen Markham, Brian Partogian, James Van
Leuven, Dion Stevens
Members Absent:
with notice
Others Present:
Carly Webster, Human Resources
Lisa Villella, Human Resources
Aaron Castle, VanOverbeke, Michaud & Timmony, P.C.
Chris Kuhn, Mariner
Peter Brown, Mariner
Louise Gates, GRS
II. Approval of the Agenda
A. Moved by Wittenberg, seconded by Van Leuven to approve the agenda as
submitted. Motion carried.
II1. Public Comment
None
IV. Consent Agenda
A. Approval of the June 20, 2024, VEBA Board minutes
B. Medicare Reimbursement payroll — 07/31/2024
C. Investment Manager Invoices
D. Service Provider Invoices/projected monthly fees
Moved by Wittenberg, seconded by Partogian to approve the consent agenda, as
submitted. Motion carried.
V. Regular Agenda
None
VI. Reports
A. Chris Kuhn and Peter Brown of Mariner presented the following reports and
provided comments summarizing highlights contained in each:
• Oakland County Employees' Retirement System (ERS) VEBA Plan Monthly
Flash Report Period Ending June 30, 2024
• Oakland County Employees' Retirement System (ERS) Asset / Manager
Summary Period Ending July 12, 2024
• Oakland County Employees' Retirement System (ERS) VEBA Plan Monthly
Flash Report Period Ending June 30, 2024
• Oakland County Employees' Retirement System (ERS) Asset / Manager
Summary Period Ending July 12, 2024
Oakland County VEBA Board Minutes
July 18, 2024
Page 2
Moved by Phelps, seconded by Wittenberg to move MS Prime Property RE
dividends to Cash. Motion carried.
B. Moved by Van Leuven, seconded by Phelps to receive and file the Treasurer's
Report. Motion carried.
C. Secretary Webster shared the RHS forfeitures for the Administrator's Report.
Moved by Lefler, seconded by Partogian to offset the next 3 payroll contributions
and use RHS forfeitures for contribution funding. Motion carried.
Moved by Lefler, seconded by Wittenberg to receive and file the 2024 2nd quarter
RHS forfeiture report. Motion carried.
D. Aaron Castle of VanOverbeke, Michaud & Timmony, P.C. (VMT) presented a
legal report with updates to the Record Retention Policy and Disposal Policy for
OCERS and VEBA. Discussion was held.
Moved by Stevens, seconded by Woodward to receive and file the Record
Retention Policy and Disposal Schedule, with listed destruction dates. Motion
carried.
Aaron Castle of VanOverbeke, Michaud & Timmony, P.C. (VMT) presented the
Request for Proposal for Actuarial Consulting Services, responses are due back
in August. Discussion was held.
Moved by Lefler, seconded by Phelps to approve the Actuarial Request for
Proposal as amended in OCERS meeting. Motion carried.
VII. Unfinished Business
None
VIII. New Business
None
IX. Trustee Comment
A. Chairperson Rozell noted the next meeting of this Board — Thursday, August 15,
2024, at 9:00am at the Board of Commissioner's Office Committee Room A.
X. Without objection, Chairperson Rozell adjourned the meeting at 2:48 p.m.
Joseph Rozell, Chairperson
Respectfully submitted,
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