HomeMy WebLinkAbout070125_140003_2024-12-19 Ret Def Comp Minutes SignedOAKLAND COUNTY EMPLOYEES'
RETIREMENT AND DEFERRED COMPENSATION BOARD MINUTES
The Oakland County Retirement and Deferred Compensation Board meeting was held
December 19, 2024, at 1:30 p.m. in the East Conference Room of the Executive Office Building.
I. Call 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 Markham to approve the agenda as
submitted. Motion carried.
III. Public Comment
None
IV. Consent Agenda
A. Approval of the November 21, 2024, Regular Board Meeting Minutes
B. Pension Payroll — 12/30/2024
C. Investment Manager Invoices
D. Service Provider Invoices
Moved by Wittenberg, seconded by Van Leuven to approve the consent agenda,
as submitted. Motion carried.
V. Regular Agenda
A. Moved by Stevens, seconded by Van Leuven to approve the following Defined
Contribution applications. Motion carried.
1. Defined Benefit retirement applications — None
2. Defined Contribution retirement applications
Name
Neal Curran
Carrie Irvin
Phyllis McMillen
Joseph Quisenberry
Jerome Woods
Department
Sheriff's Office
Sheriffs Office
Circuit Court
Sheriff's Office
IT
Effective
1/7/2025
1/23/2025
1/1/2025
12/28/2024
1/10/2025
Oakland County Employees' Retirement and Deferred Compensation Board Minutes
December 19, 2024
Page 2
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) Defined Benefit Plan
Performance Review — Private Investments Report Period Ending June 30,
2024
• Oakland County Employees' Retirement System (ERS) Defined Benefit Plan
3rd Quarter Report Period Ending September 30, 2024
• Oakland County Employees' Retirement System (ERS) Defined Benefit Plan
Monthly Flash Report Period Ending November 30, 2024
• Oakland County Employees' Retirement System (ERS) Asset / Manager
Summary Period Ending December 9, 2024
• Oakland County Employees' Retirement System (ERS) Defined Benefit Plan
Trend Charts December 2024
Discussion was held on the process of investments going on watch.
Moved by Stevens, seconded by Wittenberg to receive and file the Asset /
Manager Summery. Motion carried.
B. Moved by Wittenberg, seconded by Van Leuven to receive and file the
Treasurer's Report. Motion carried.
C. Secretary Webster and Assistant Secretary Pena provided a verbal update on
the status of the Northern Trust payroll integration.
D. Aaron Castle of VanOverbeke, Michaud & Timmony, P.C. (VMT) provided
updates on investment, plan and benefits administration, ongoing legal, and
legislative matters.
VII. Unfinished Business
None
VIII. New Business
A. The Request for Proposal process was discussed and will be reviewed at a
future meeting.
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 2:29 p.m.
Motion carried.
/ffty 'Phelps, Vice -Chairperson
Respectfully submitted,
10,66 Apuo
Carly'Websterecretary