HomeMy WebLinkAboutMinutes - 2025.11.20 - 42654OAKLAND COUNTY VEBA BOARD MINUTES
The Oakland County Voluntary Employees' Beneficiary Association (VEBA) Board meeting was
held November 20, 2025, at 3:47 p.m. in the Canvasing Room in the Elections Office.
I. Call to Order/ Roll Call
Members Present: Joseph Rozell, Jeffrey Phelps, Robert Wittenberg, Brian J. Lefler,
David Woodward, Linnie Taylor, Casey Crampton, James Van
Leuven, Dion Stevens
Members Absent:
with notice
Others Present:
Carly Webster, Human Resources
Kelly Pena, Human Resources
Aaron Castle, VMT Law
Stephanie Biddle, Empower
Thomas May, Empower
II. Approval of the Agenda
A. Moved by Taylor, seconded by Woodward to approve the agenda as submitted.
Motion carried.
III. Public Comment
None
IV. Consent Agenda
A. Approval of the October 23, 2025, VEBA Board minutes
B. Medicare Reimbursement payroll — 11/28/25
C. Investment Manager Invoices
D. Service Provider Invoices/projected monthly fees
E. Use of forfeitures for RHS participant costs.
Moved by Van Leuven, seconded by Wittenberg to approve the consent agenda, as
submitted. Motion carried.
V. Regular Agenda
None
VI. Reports
A. Moved by Van Leuven, seconded by Woodward to receive and file the Hand
Benefits & Trust/BPAS 3rd Quarter 2025 RHS Plan — Trust Asset Report. Motion
carried.
B. Paul Zelenak presented the Treasurer's report.
Moved by Phelps, seconded by Stevens to receive and file the Treasurer's
Report. Motion carried
C. Secretary Webster and Stephanie Biddle updated the board on the Retirement
Health Savings transition to Empower.
Oakland County VEBA Board Minutes
November 20, 2025
Page 2
Motion by Taylor, seconded by Stevens, to terminate the contract with Hand
Benefits & Trust/BPAS and enter into a custodial agreement contract with
Empower for the Retirement Health Savings accounts for Oakland County.
Motion carried.
Secretary Webster will reach out to Corporation Counsel regarding the
Administrative Services contract termination with Optum and new contract with
Empower.
D. Aaron Castle of VMT Law did not have any additional comments to his legal
report containing information regarding Legislative Updates.
VI1. Unfinished Business
A. The DBNEBA Investment Consulting Services Interviews held by the Investment
Subcommittee on November 19, 2025, was discussed.
Moved by Van Leuven, seconded by Phelps to enter into contract negotiations
for DB and VEBA Investment Consultant services with Graystone Consulting
from Morgan Stanley. Motion carried.
VIII. New Business
None
IX. Trustee Comment
A. Chairperson Rozell noted the next meeting of this Board — Thursday, December
18, 2025
B. Without objection, Chairperson Rozell adjourned the meeting at 3:57 p.m.
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J�ph R�ell, chairperson
Respectfully submitted,
Carly Webster, Secretary