HomeMy WebLinkAbout070125_135009_2025-01-16 VEBA Minutes SignedOAKLAND COUNTY VEBA BOARD MINUTES
The Oakland County Voluntary Employees' Beneficiary Association (VEBA) Board meeting was
held January 16, 2025, at 3:33 p.m. in West Conference Room of the Executive Office Building.
I. CaII to Order/ Roll CaII
Members Present: Joseph Rozell, Jeffrey Phelps, Robert Wittenberg, Dion Stevens,
Casey Crampton, Brian J. Lefler, Gwen Markham
Members Absent: James Van Leuven, David Woodward
with notice
Others Present:
Carly Webster, Human Resources
Kelly Pena, Human Resources
Aaron Castle, VanOverbeke, Michaud & Timmony, P.C.
Angelica Brown, VanOverbeke, Michaud & Timmony, P.C.
Paul Zelenak, Treasurer's Office
Chris Kuhn, Mariner
Peter Brown, Mariner
Louise Gates, GRS
Secretary Webster chaired the meeting.
II. Approval of the Agenda
A. Moved by Lefler, seconded by Wittenberg to approve the agenda as submitted.
Motion carried.
III. Public Comment
None
IV. Election of Officers
A. Call for nominations from the floor for Chairperson. Moved by Phelps, seconded
by Stevens to nominate Joe Rozell for chairperson. Motion carried.
Chairperson Rozell assumed the chair.
B. CaII for nominations from the floor for Vice Chairperson. Moved by Stevens,
seconded by Markham to nominate Jeff Phelps for vice chairperson. Motion
carried.
V. Consent Agenda
A. Approval of the December 19, 2024, VEBA Board minutes
B. Medicare Reimbursement payroll — 01/31/25
C. Investment Manager Invoices
D. Service Provider Invoices/projected monthly fees
Moved by Markham, seconded by Wittenberg to approve the consent agenda, as
submitted. Motion carried.
VI. Regular Agenda
None
Oakland County VEBA Board Minutes
January 16, 2025
Page 2
VII. Reports
A. Chris Kuhn and Peter Brown of Mariner Consulting presented the following
reports and provided comments summarizing highlights contained in each:
• Oakland County Employees' Retirement System (ERS) VEBA Monthly Flash
Report Period Ending December 31, 2024
• Oakland County Employees' Retirement System (ERS) VEBA Asset /
Manager Summary Period Ending January 10, 2025
• Oakland County Employees' Retirement System (ERS) Superseding Trust
Monthly Flash Report Period Ending December 31, 2024
• Oakland County Employees' Retirement System (ERS) Superseding Trust
Asset / Manager Summary Period Ending January 10, 2025
Moved by Wittenberg, seconded by Phelps to receive and file the Asset /
Manager Summary. Motion carried.
B. Paul Zelenak presented the Treasurer's Report.
Moved by Wittenberg, seconded by Stevens to receive and file the Treasurer's
Report. Motion carried
C. Secretary Webster did not have any updates to share for the VEBA
Administrator's Report.
Moved by Lefler, seconded by Stevens to approve the hiring of a contracted
worker to complete the 2025 Record Retention Project. Motion carried.
D. Aaron Castle of VanOverbeke, Michaud & Timmony, P.C. (VMT) did not have an
update on legal matters.
VIII. Unfinished Business
None
IX. New Business
A. Louise Gates of GRS Consulting summarized the Oakland County Retirees'
Healthcare Trust GASB Statement No. 74 Financial Reporting for
Postemployment Benefit Plans other than Pension Plans as of September 30,
2024.
Moved by Stevens, seconded by Phelps to receive and file the Oakland County
Retirees' Healthcare Trust GASB Statement No. 74 Financial Reporting for
Postemployment Benefit Plans other than Pension Plans as of September 30,
2024. Motion carried.
X. Trustee Comment
A. Chairperson Rozell noted the next meeting of this Board — Thursday, February
13, 2025
B. Chairperson Rozell noted the Thursday April 17th meeting of this Board will be
moved to Thursday, April 24th, 2025.
XI. Without objection, Chairperson Rozell adjourned the meeting at 3:40 p.m.
Respectfully submitted,
os Ro ,6Zhairperson Carly"ebster, decretary