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HomeMy WebLinkAboutMinutes - 2025.10.23 - 42653OAKLAND COUNTY VEBA BOARD MINUTES The Oakland County Voluntary Employees' Beneficiary Association (VEBA) Board meeting was held October 23, 2025, at 2:20 p.m. in Committee Room A of the Board of Commissioners Building. I. Call to Order/ Roll CaII Members Present: Joseph Rozell, Jeffrey Phelps, Robert Wittenberg, Brian J. Lefler, Linnie Taylor, Casey Crampton, James Van Leuven, Dion Stevens Members Absent: David Woodward with notice Others Present: Carly Webster, Human Resources Kelly Pena, Human Resources Aaron Castle, VMT Law Peter Brown, Mariner Paul Zelenak, Treasurer's Office Chris Smith, GRS II. Approval of the Agenda A. Moved by Taylor, seconded by Wittenberg to approve the agenda as submitted. Motion carried. III. Public Comment None IV. Consent Agenda A. Approval of the September 25, 2025, VEBA Board minutes B. Medicare Reimbursement payroll — 10/31/2025 C. Investment Manager Invoices D. Service Provider Invoices/projected monthly fees E. Use of forfeitures for RHS participant costs. F. Retirement Board Communications — Reinhart Moved by Van Leuven, seconded by Stevens to approve the consent agenda, as submitted. Motion carried. V. Regular Agenda None VI. Reports A. 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 September 30, 2025 • Oakland County Employees' Retirement System (ERS) VEBA Asset / Manager Summary Period Ending October 15, 2025 Moved by Stevens, seconded by Phelps to receive and file the VEBA Monthly Flash Reports Period Ending September 30, 2025, and VEBA and Superseding Trust Asset / Manager Summaries Period Ending October 15, 2025 Oakland County VEBA Board Minutes October 23, 2025 Page 2 B. Paul Zelenak presented the Trial Balance. Moved by Van Leuven, seconded by Crampton to receive and file the Trial Balance. Motion carried. C. Secretary Webster presented on the Fiduciary Liability Insurance. Moved by Stevens, seconded by Wittenberg to receive and file the Fiduciary Liability Insurance. Motion carried. D. Aaron Castle of VMT Law did not have a separate VEBA legal report update. VII. Unfinished Business None VIII. New Business None IX. Trustee Comment A. Chairperson Rozell noted the next meeting of this Board — Thursday, November 20, 2025, at 1:30pm in Committee Room A at the Board of Commissioners Building. B. Without objection, Chairperson Rozell adjourned the meeting at 2:24 p.m. Respectfully submitted, Joseph Rozell, Chairperson Carly Webster, Secretary