HomeMy WebLinkAbout070125_135007_2024-12-19 VEBA Minutes SignedOAKLAND COUNTY VEBA BOARD MINUTES
The Oakland County Voluntary Employees' Beneficiary Association (VEBA) Board meeting was
held December 19, 2024, at 2:30 p.m. in the East Conference Room of the Executive Office
Building.
I. CaII to Order/ Roll Call
Members Present: Jeffrey Phelps, Robert Wittenberg, Brian J. Lefler, Gwen
Markham, James Van Leuven, Dion Stevens
Members Absent: Joseph Rozell, Brian Partogian, David Woodward
with notice
Others Present:
Carly Webster, Human Resources
Kelly Pena, 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 Van Leuven, seconded by Stevens to approve the agenda as
submitted. Motion carried.
III. Public Comment
None
IV. Consent Agenda
A. Approval of the November 19, 2024, VEBA Board minutes
B. Medicare Reimbursement payroll — 12/30/2024
C. Investment Manager Invoices
D. Service Provider Invoices/projected monthly fees
Moved by Wittenberg, seconded by Stevens to approve the consent agenda, as
submitted. Motion carried.
V. Regular Agenda
None
VI. Reports
A. Chris Kuhn of Mariner presented the following reports and provided comments
summarizing highlights contained in each:
• Oakland County Employees' Retirement System (ERS) VEBA Plan
Performance Review — Private Investments Report Period Ending June 30,
2024
• Oakland County Employees' Retirement System (ERS) VEBA Plan 3rd
Quarter Report Period Ending September 30, 2024
• Oakland County Employees' Retirement System (ERS) VEBA Plan Monthly
Flash Report Period Ending November 30, 2024
• Oakland County Employees' Retirement System (ERS) VEBA Asset /
Manager Summary Period Ending December 9, 2024
• Oakland County Employees' Retirement System (ERS) Superseding Trust
Plan 3rd Quarter Report Period Ending September 30, 2024
Oakland County VEBA Board Minutes
December 19, 2024
Page 2
• Oakland County Employees' Retirement System (ERS) Superseding Trust
Monthly Flash Report Period Ending November 30, 2024
• Oakland County Employees' Retirement System (ERS) Superseding Trust
Asset / Manager Summary Period Ending December 9, 2024
Moved by Van Leuven, seconded by Wittenberg to receive and file the Asset /
Manager Summery. Motion carried.
B. Moved by Stevens, seconded by Markham 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.
VII. Unfinished Business
None
VIII. New Business
None
IX. Trustee Comment
A. Vice -Chairperson Phelps noted the next meeting of this Board — Thursday,
January 16, 2025, at 1:30pm at the Executive Office Building, West Conference
Center.
X. Without objection, Vice -Chairperson Phelps adjourned the meeting at 2:34 p.m.
Respectfully submitted,
r/A—klat
rey Phelps, Vice -Chairperson Carly Webster, 3'ecretary