Regular Meeting Agenda

Oklahoma County Retirement Board

2:30 p.m.

April 24, 2017

320 Robert S. Kerr, BOE Meeting Room

Oklahoma City, OK

1. Call to order.

2. Notice of the meeting was properly posted on Thursday, April 20, 2017.

3. Approve the minutes of the regular meeting on March 27, 2017.

The following items, No. 4 through 8 are Consent Items and are routine in nature:

4. Discussion and possible action for approval of the April, 2017, Defined Benefit payroll. This month there are 128 checks to be issued for 128 participants in the amount of $142,049.52. This item is requested by David B. Hooten, County Clerk, and Secretary to the Retirement Board. (Document received)

5. Discussion and possible action for approval of Security Trades and Interest Report for March, 2017. Mark Seikel, Chief of Investments, Oklahoma County Treasurer s Office, will address this item. (Document received)

6. Discussion and possible action for approval of Outstanding Retirement Investments at Market Value of $6,218,382.02 and at Par Value of $6,128,698.07 as provided by the Bank of Oklahoma/LPL for March, 2017. Mark Seikel, Chief of Investments, Oklahoma County Treasurer s Office, will address this item. (Document received)

7. Discussion and possible action for approval of monthly investment and administration fees for March, 2017, in the amount of $31,756.79 submitted by InvesTrust. Monthly investment and administration fees are paid out of the County General Fund. This item is requested by David B. Hooten, County Clerk, and Secretary to the Retirement Board. (Document received)

8. Discussion and possible action to approve funds to be transferred to escrow account for May, 2017, Mutual Fund Reimbursements to participants in the amount of $16,463.87. The 2017 Mutual Fund Reimbursements to participants are paid out of the OKIE account. This item is requested by David B. Hooten County Clerk, and Secretary to the Retirement Board. (Document received)

End of Consent Docket

9. Discussion and possible action for approval for Defined Benefit Retirement, Health and Life Benefits for Teresa Davis (Application No. 17-01). Effective Date: May 1, 2017. (Document received)

10. Discussion and possible action for approval for Defined Contribution Retirement and Health Benefits for Leona Porter (Application No. 17-08). Effective Date: April 1, 2017. (Document received)

11. Discussion and possible action for approval for Defined Contribution Retirement and Health Benefits for Elizabeth Milas (Application No. 17-09). Effective Date: April 29, 2017. (Document received)

12. Discussion and possible action for approval for Defined Contribution Retirement, Health and Life Benefits for James Mallory (Application No. 17-10). Effective Date: April 19, 2017. (Document received)

13. Discussion and possible action for approval for Defined Contribution Retirement Benefits for Kevin Jacobs (Application No. 17-11). Effective Date: April 19, 2017. (Document received)

14. Discussion and possible action to receive the monthly updated OKIE Forfeiture Account Activity and Projections. This item is requested by David B. Hooten, County Clerk and Secretary to the Retirement Board. (Document received)

15. Discussion and possible action to receive the quarterly statement for the Defined Benefit Retirement Plan Quarterly Report for quarter ending March 31, 2017. This item is requested by David B. Hooten, County Clerk and Secretary to the Retirement Board. (Document received)

16. Discussion and possible action for approval of the engagement letter between Johnston & Ahlschwede, P.C., Certified Public Accountants, to audit the Defined Benefit Employees Retirement System of Oklahoma County at the end of the fiscal year June 30, 2017. This item is requested by David B. Hooten, County Clerk and Secretary to the Retirement Board. (Document Received)

17. Discussion and possible action regarding the Board of County Commissioner s decision on April 12, 2017 to withdraw the bid award from Empower as Pension and Administrative Services Provider for the Oklahoma County Retirement System Defined Contribution Plan. This item is requested by Brian Maughan, County Commissioner and Chairman to the Retirement Board. (No Document)

18. Discussion and possible action regarding the Board of County Commissioner s decision on April 12, 2017 to reject all bids received for the Pension and Administrative Services Provider and to request the Retirement Board to re-establish standards for solicitation of proposals for Pension and Administrative Services for the Oklahoma County Retirement System Defined Contribution Plan. This item is requested by Brian Maughan, County Commissioner and Chairman to the Retirement Board. (No Document)

19. Discussion and possible action for approval of the Administrative Services Agreement between Oklahoma County and InvesTrust, N.A. to be effective July 1, 2017, and ending June 30, 2018. This item is requested by David B. Hooten, County Clerk and Secretary to the Retirement Board. (Document Received)

20. Discussion and possible action for approval of the Administrative Services Agreement between Oklahoma County and InvesTrust 457 Plan to be effective July 1, 2017, and ending June 30, 2018. This item is requested by David B. Hooten, County Clerk and Secretary to the Retirement Board. (Document Received)

21. Board Comments.

22. Citizen s participation. Any citizen wishing to address the Board of Trustees of the Employees Retirement System may do so at this time.

23. New Business: In accordance with the Open Meetings Act, Title 25 O.S. 311.A.9, New Business is defined, as "any matter not known about or which could not have been reasonably foreseen prior to the time of posting the

Agenda.

Adjourn at _____________ until 2:30 p.m., Monday, May 22^nd, 2017.

NAME OF PERSON REPORTING: David B. Hooten, County Clerk

TITLE: SECRETARY TO: Board of Trustees of the Employees Retirement System of Oklahoma County

SIGNATURE: David B. Hooten, by: , Deputy.