Oklahoma County Retirement Board
Regular Meeting
320 Robert S.
Kerr, BOE Meeting Room 205
Oklahoma City, OK
73102
2:30 p.m. Monday, August 28, 2017
1. Call meeting to order.
2. Notice of the meeting was properly posted on Thursday, August 24, 2017.
3. Approve the minutes of the regular meeting dated Monday, July 24, 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 August, 2017, Defined Benefit payroll. This month there are 124 checks to be issued for 124 participants in the amount of $142,083.87. This item is requested by Jon Wilkerson, Benefits and Retirement Director. (Document received)
5. Discussion and possible action for approval of Security Trades and Interest Report for July, 2017. Mark Seikel, Chief of Investments, Oklahoma County Treasurer s Office, will address this item. This item is requested by Jon Wilkerson, Benefits and Retirement Director. (Document received)
6. Discussion and possible action for approval of Outstanding Retirement Investments at Market Value of $6,000,407.77 and at Par Value of $5,977,599.16 as provided by the Bank of Oklahoma/LPL for July, 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 July, 2017, in the amount of $33,682.92 submitted by InvesTrust. Monthly investment and administration fees are paid out of the County General Fund. . This item is requested by Jon Wilkerson, Benefits and Retirement Director. (Document received)
8. Discussion and possible action to approve funds to be transferred to escrow account for September, 2017, Mutual Fund Reimbursements to participants in the amount of $17,211.43. The 2017 Mutual Fund Reimbursements to participants are paid out of the OKIE account. This item is requested by Jon Wilkerson, Benefits and Retirement Director. (Document received)
END
OF CONSENT DOCKET
9. Discussion and possible action for approval for Defined Contribution Retirement Benefits for Jolinda Daniels (Application 17-23). Effective Date: August 12, 2017. (Document Received)
10. Discussion and possible action to rescind the May 10, 2017, appointment of John Emerson to the Oklahoma County Retirement Board effective immediately. Requested by Ray Vaughn, County Commissioner, District No. 3. This item was approved by the Board of County Commissioners on August 2, 2017.
11. 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. This item is requested by Jon Wilkerson, Benefits and Retirement Director. (Document received)
12. Discussion and possible action to approve the investment advisory agreement for fiduciary services related to the Mass Mutual 457 plan. This item is requested by Jon Wilkerson, Benefits and Retirement Director. (Document received)
13. Discussion and possible action to approve the administration services agreement for the Mass Mutual 457 plan. This item is requested by Jon Wilkerson, Benefits and Retirement Director. (Document received)
14. Board Comments.
15. Citizen s participation. Any citizen wishing to address the Board of Trustees of the Employees Retirement System may do so at this time.
16. 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.
17. Adjourn the meeting at _____________ until 2:30 p.m., Monday, September 25, 2017.
NAME OF PERSON REP
ORTING: 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.