HomeMy WebLinkAboutMinutes - 2025.06.26 - 42917OAKLAND COUNTY EMPLOYEES'
RETIREMENT AND DEFERRED COMPENSATION BOARD
INVESTMENT SUB -COMMITTEE MINUTES
A meeting of the Oakland County Employees' Retirement and Deferred Compensation Board
Investment Sub -Committee was held on June 24, 2025, at 9:30 a.m. in Committee Room A of
the Board of Commissioners Building.
I. CaII to Order/ Roll Call
Members Present:
Members Absent
With Notice:
Others Present:
Joseph Rozell, Jeffrey Phelps, James VanLeuven, Robert Wittenberg
Kelly Pena, Human Resources
Aaron Castle, VMT Law
Brain J. Lefler, OCERSNEBA Trustee
Linnie Taylor, OCERSNEBA Trustee
Dion Stevens, OCERSNEBA Trustee
11. Approval of the Agenda
A. Moved by Van Leuven, seconded Phelps to approve the agenda as submitted.
Motion carried.
III. Public Comment
None
IV. Regular Agenda
None
V. Reports
None
VI. Unfinished Business
None
VI1. New Business
a. Aaron Castle of VMT Law reviewed the Request for Proposal for Defined Benefit
Plan Investment Consulting Draft.
Moved by Van Leuven, seconded by Phelps to approve the review of the Defined
Benefit Investment Consulting Request for Proposal. Motion carried.
Discussion was held on minimum qualifications, the quiet period, the evaluation
process, the timeline and the posting of the RFP.
Aaron Castle will send out an email to all the Trustees with a copy of the 2019
Investment Consultant RFP along with the new RFP DB Investment Consultant
Draft. All comments and questions are due to Aaron by August 1st, all comments and
questions will be reviewed, answered and distributed to all Trustees before the
August board meeting packet is distributed.
Investment Sub -Committee Minutes
Oakland County Employees' Retirement and Deferred Compensation Board
June 24, 2025
Page 2
Aaron Castle will provide a notice of intent in July for the DB Investment Consultant
Request for Proposal.
Moved by Wittenberg, seconded by Van Leuven to table recommending to the full
board the amended Request for Proposal for Defined Benefit Plan Investment
Consulting until the August 21, 2025 meeting. Motion carried.
VIII. Trustee Comment
A. Chairperson Rozell adjourned the meeting without objection at 10:37 a.m.
Josh Ro
,h�irpersor )
Respectfully submitted,
Ehfig,_
Kelly Pen4, Assistant Secretary