HomeMy WebLinkAboutMinutes - 2026.07.17 - 43152OAKLAND 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 July 17, 2026, at 9:03 a.m. in the West Oakland
Conference Room in the County Executive Building.
I. Call to Order/ Roll Call
Members Present: Joseph Rozell, James Van Leuven, Robert Wittenberg, Brian J.
Lefler, Dion Stevens
Members Absent
With Notice:
Others Present:
Carly Webster, Human Resources
Kelly Pena, Human Resources
Aaron Castle, VMT Law
Michael Swain, OCERS/VEBA Trustee
John Krakowiak, Graystone
Erik Burger, Graystone
Amy Cole, Graystone
II. Approval of the Agenda
A. Moved by Van Leuven, seconded Wittenberg to approve the agenda as submitted.
Motion carried.
III. Public Comment
None
IV. Regular Agenda
None
V. Reports
None
VI. New Business
A. John Krakowiak, Amy Cole and Erik Burger with Graystone Consulting presented an
Asset Allocation Analysis and proposal for changes in the Investment Policy
Statement. Changes in small/mid caps, benchmarks and differences in proposals
were discussed. Graystone will present at the July 231d OCERS regular board
meeting the updated Investment Policy Statement and supportive rebalancing
documentation.
Moved by Van Leuven, seconded by Lefler to recommend Proposal 1 as reflected in
the provided Investment Policy Statement, with minor edits as discussed. Motion
carried.
Discussion regarding having money managers present and provide updates to the
OCERS and VEBA boards was held. Graystone will create a list of managers for the
board to review.
Investment Sub -Committee Minutes
Oakland County Employees' Retirement and Deferred Compensation Board
July 17, 2026
Page 2
B. Graystone Consulting left the meeting prior to discussion of the DC Consulting
Services Request for Proposals received. The proposals from CAPTRUST Financial
Advisors, Graystone Consulting, Innovest and Retirement Plan Advisors were
reviewed and discussed, including questions regarding customer service and
education for Oakland County employees.
Aaron Castle of VMT Law will prepare for the August 7th Investment Subcommittee
Meeting a resolution regarding received proposals and the various points discussed
at today's meeting, along with a summary of responses for further review with the
Investment Subcommittee. No further action was taken at this time.
VII. Unfinished Business
None
VIII. Trustee Comment
A. Chairperson Rozell and Trustee Lefler updated the Investment Subcommittee Board
on the Board of Commissioners approval of the VESIP.
B. Chairperson Rozell adjourned the meeting without objection at 10:36 a.m.
Joseph Rozell, Chairperson
Respectfully submitted,
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