HomeMy WebLinkAboutMinutes - 2024.10.17 - 42196OAKLAND COUNTY VEBA BOARD MINUTES
The Oakland County Voluntary Employees' Beneficiary Association (VEBA) Board meeting was
held October 17, 2024, at 2:31 p.m. in the East Conference Room of the Executive Office
Building.
I. Call to Order/ Roll Call
Members Present: Joseph Rozell, Jeffrey Phelps, Robert Wittenberg, Brian J. Lefler,
Gwen Markham, Brian Partogian, James Van Leuven, Dion
Stevens
Members Absent: David Woodward
with notice
Others Present:
Lisa Villella, Human Resources
Kelly Pena, Human Resources
Aaron Castle, VanOverbeke, Michaud & Timmony, P.C.
Chris Kuhn, Mariner
Peter Brown, Mariner
Louise Gates, GRS
Paul Zelenak, Treasurer's Office
II. Approval of the Agenda
A. Moved by Van Leuven, seconded by Partogian to approve the agenda as
submitted. Motion carried.
III. Public Comment
None
IV. Consent Agenda
A. Approval of the September 26, 2024, VEBA Board minutes
B. Medicare Reimbursement payroll — 10/31/2024
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 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 September 30, 2024
• Oakland County Employees' Retirement System (ERS) VEBA Asset /
Manager Summary Period Ending October 11, 2024
• Oakland County Employees' Retirement System (ERS) Superseding Trust
Monthly Flash Report Period Ending September 30, 2024
• Oakland County Employees' Retirement System (ERS) Superseding Trust
Asset / Manager Summary Period Ending October 11, 2024
Oakland County VEBA Board Minutes
October 17, 2024
Page 2
Moved by Stevens, seconded by Van Leuven to receive and file the Asset /
Manager Summery and accept Mariner's recommendation to transfer $8 million
from T. Rowe Price Enhanced 500 to Cash. Motion carried.
B. Moved by Van Leuven, seconded by Wittenberg to receive and file the
Treasurer's Report. Motion carried.
C. Assistant Secretary Pena did not have any updates to share for the
Administrator's Report.
D. Aaron Castle of VanOverbeke, Michaud & Timmony, P.C. (VMT) provided a
verbal update on legal matters.
Moved by Partogian, seconded by Wittenberg to authorize legal counsel to
investigate possible claims against Extreme Networks, Inc and DexCom, Inc.
Motion carried.
VII. Unfinished Business
None
VIII. New Business
A. The GRS Minute Master services proposal was presented.
Moved by Van Leuven, seconded by Stevens to approve the usage of $2,450 for
GRS Minute Master Services. Motion carried.
IX. Trustee Comment
A. Chairperson Rozell noted the next meeting of this Board — Thursday, November
21, 2024, at 1:30pm at the Executive Office Building, East Conference Center.
X. Without objection, Chairperson Rozell adjourned the meeting at 2:37 p.m.
Respectfully submitted,
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:Josei'RozeJ piai1iSerson \\ `Kelly Pena, (Assistant Secretary