HomeMy WebLinkAboutMinutes - 2023.07.27 - 422282013 SUPERSEDING OAKLAND COUNTY RETIREE
MEDICAL BENEFIT TRUST BOARD MINUTES
The 2013 Superseding Oakland County Retiree Medical Benefit Trust Board meeting was held
July 27, 2023 at 2:02 p.m. in the Waterford Conference Room, Executive Office Building.
I. Call to Order/ Roll Call
Members Present: Kyle Jen, County Executive Office/Management & Budget
Dave Woodward, Board of Commissioners
Robert Wittenberg, Treasurer’s Office
Sunil Asija, Director of Human Resources
Remote Members
Present: Solon Phillips, Corporation Counsel
Others Present: Carly Webster, Human Resources
Kelly Pena, Human Resources
Heather Van Poucker, Human Resources
Chris Kuhn, AndCo Consulting
Jody DeFoe, Treasurer’s Office
II. Approval of the Agenda
A. Moved by Wittenberg, seconded by Woodward to approve the agenda as
submitted. Motion carried.
III. Public Comment
None
IV. Regular Agenda
A. Moved by Wittenberg, seconded by Asija to approve the minutes of May 12,
2023 meeting. Motion carried.
V. Reports
A. Chris Kuhn of AndCo Consulting presented the following report and provided
comments summarizing highlights contained in the report:
• Oakland County Employees’ Retirement System (OCERS) Superseding Trust
Monthly Flash Report Period Ending June 30, 2023
• Oakland County Employees’ Retirement System (OCERS) Superseding Trust
Asset / Manager Summary Period Ending July 14, 2023
• Oakland County Superseding Trust Glide Path July 2023
• Investment Policy Statement
Moved by Woodward, seconded by Asija to complete the liquidation of SSgA
S&P 500 Equity and place $2.5 million into CS McKee Core Fixed and the
remainder into the Cash Account. Motion carried.
Moved by Woodward, seconded by Asija to adopt the Investment Policy
Statement with revisions, as discussed. Motion carried.
B. Secretary Webster presented an invoice for review.
No action is needed.
VI. Unfinished Business
None
VII. New Business
None
VIII. Trustee Comment
Chairperson Jen noted that the next meeting of this Board – April 18, 2024.
IIX. Without objection, Chairperson Jen adjourned the meeting at 2:35 p.m.
Respectfully submitted,
Robert Wittenberg, Vice-Chairperson Carly Webster, Secretary