HomeMy WebLinkAboutMinutes - 2025.08.28 - 42416OAKLAND COUNTY EMPLOYEES'
RETIREMENT AND DEFERRED COMPENSATION BOARD MINUTES
The Oakland County Retirement and Deferred Compensation Board meeting was held August
28, 2025, at 1:30 p.m. in Committee Room A at the Board of Commissioners building.
I. Call to Order/ Roll Cali
Members Present: Joseph Rozell, Jeffrey Phelps, Robert Wittenberg, David
Woodward, Linnie Taylor, James Van Leuven
Members Absent: Casey Crampton, Dion Stevens, Brian J. Lefler
with notice
Others Present:
Carly Webster, Human Resources
Kelly Pena, Human Resources
Rachel Matti, Human Resources
Aaron Castle, VMT Law
Paul Zelenak, Treasurer's Office
Stephanie Biddle, Empower
Thomas May, Empower
John Krakowiak, Graystone
Erik Burger, Graystone
Amy Cole, Graystone
Terri Meiers, Retiree
II. Approval of the Agenda
A. Moved by Taylor, seconded by Wittenberg to approve the agenda as submitted.
Motion carried.
III. Public Comment
Carly Webster introduced Rachel Matti, Human Resources Business Partner.
IV. Consent Agenda
A. Approval of the July 24, 2025, Regular Board Session minutes
B. Pension Payroll - 08/29/2025
C. Investment Manager Invoices
D. Service Provider Invoices
Moved by Van Leuven, seconded by Phelps to approve the consent agenda, as
submitted. Motion carried.
V. Regular Agenda
A. Moved by Van Leuven, seconded by Taylor to approve the following Defined
Benefit and Defined Contribution applications. Motion carried.
1. Defined Benefit retirement applications
I Name I Department I Effective
I Christopher LaFave I WRC I 10/15/2025
Stacey Zehnder I Deferred - Management and Budget I 9/11/2025
Oakland County Employees' Retirement and Deferred Compensation Board Minutes
August 28, 2025
Page 2
2. Defined Contribution retirement applications
Name
Chaunda Burton
Sharon Gerweck
Richard Howells
Donyale Jones
Jeffrey Kesselring
Frances McClish
Terrence Somerville
Department
Deferred - Human Resources
IT
Public Health
Deferred - Children's Village
Sheriff's Office
Public Health
Sheriff's Office
Effective
8/12/2025
8/09/2025
8/12/2025
7/23/2025
9/28/2025
9/03/2025
9/04/2025
VI. Reports
A. Stephanie Biddle of Empower presented the 2nd Quarter 2025 Oakland County
Plan Performance Insights, provided comments summarizing highlights and
updated the trustees on the 457(b) participant increase percentage. Thomas May
of Empower reviewed the outreach efforts and statistics with the trustees. The
Retirement staff will continue to work with Empower on promoting Retirement
Educational Programs.
Moved by Phelps, seconded by Taylor to receive and file the 2nd Quarter 2025
Oakland County Plan Performance Insights. Motion carried.
B. Erik Burger of Graystone Consulting presented the 2nd Quarter 2025 401a/457b
and PTNE Plan Investment Review. John Krakowiak and Amy Cole provided
comments summarizing the highlights contained in the report. Graystone noted
that the 2070 target date fund is also being created.
Moved by Woodward, seconded by Phelps to receive and file the 2nd Quarter
2025 401a/457b and PTNE Plan Investment Review. Motion carried.
C. Paul Zelenak presented the Treasurer's report. Moved by Wittenberg, seconded
by Taylor to receive and file the Treasurer's Report. Motion carried
D. Secretary Webster provided a verbal update on the in -plan Roth implementation.
E. Aaron Castle of VMT Law presented his legal report containing information
regarding the Investment Consulting Services Request for Proposal.
Moved by Taylor, seconded by Wittenberg to receive and file the legal report.
Motion carried.
VII. Unfinished Business
A. The Investment Consulting Services Request for Proposal was discussed.
Moved by Van Leuven, seconded by Taylor to approve the proposed Defined
Benefit and VEBA Investment Consultant Request for Proposal as amended.
Motion carried.
Oakland County Employees' Retirement and Deferred Compensation Board Minutes
August 28, 2025
Page 3
VIII. New Business
A. Chairman Rozell appointed trustee Rozell and Van Leuven as the delegates for
the MAPERS Fall 2025 Conference.
B. Moved by Phelps, seconded by Wittenberg to receive and file the 2026 Board
Meeting Calendar. Motion carried.
IV. Trustee Comment
A. Chairperson Rozell noted the next meeting of this Board — Thursday, September
25, 2025.
VIII. Without objection, Chairperson Rozell adjourned the meeting at 2:33 p.m. Motion
carried.
Respectfully submitted,
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Josofh R gell, ireson \
Car yl'' Webste&Secretary