Regular
Meeting Agenda
2:30 p.m.
February 28, 2011
320 Robert S.
Kerr, Room 201
Oklahoma City, OK
1. Call to order.
2. Notice of the meeting was properly posted on Wednesday, February 23, 2011
3. Approve the minutes of the meeting of January 31, 2010.
The
following items, No. 4 through 8 are Consent Items and are routine in nature:
4.
Discussion and possible action for approval of the February,
2011 Defined Benefit payroll. This month
there are 168 checks to be issued for 166 participants in the amount of $ 177,868.75.
This item is requested by Carolynn Caudill,
5. Discussion and possible action for approval of Security Trades and Interest Report for January, 2011. 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 $10,861,524.78 and at Par Value of $ 10,767,251.55 as provided by the Bank of Oklahoma/LPL for January 2011. 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 January, 2011 in
the amount of $25,643.50 submitted by InvesTrust. Monthly investment and administration fees
are paid out of the County General Fund.
This item is requested by Carolynn Caudill,
8.
Discussion and possible action to approve funds to be
transferred to escrow account for March 2011 Mutual Fund Reimbursements to
participants in the amount of $17,733.79.
The 2011 Mutual Fund Reimbursements to participants are paid out of the
OKIE account. This item is requested by
Carolynn Caudill,
End of Consent Docket
9. Discussion and possible action for approval of Defined Benefit retirement for Sylvia Vargas (Application No. 11-01). Effective Date: February 28, 2011. (Document received)
10. Discussion and possible action for approval of Defined Contribution retirement, health and life benefits for Cathy Raincrow (Application No. 11-01). Effective Date: February 28, 2011. (Document received)
11. Discussion and possible action for approval of Defined Benefit retirement for Ralph Coleman (Application No. 11-02). Effective Date: February 28, 2011. (Document received)
12. Discussion and possible action for approval of Defined Contribution retirement and health benefits for Bert Richard Jr. (Application No. 11-02). Effective Date: February 28, 2011. (Document received)
13. Discussion and possible action for approval of Defined Contribution posthumous retirement application and summary for surviving spouse for health benefits to be granted to John Joe Hulwa, surviving spouse of Mildred Hulwa (Application 11-03). Effective Date: February 28, 2011. (Document received)
.
14. Discussion and possible action for approval of Defined Benefit survivor spouse retirement and health benefits for Jeri Haggard (Application number 11-03). Effective Date: February 28, 2011. (Document received)
15. Discussion and possible action to receive the monthly updated OKIE Forfeiture Account Activity and projections. This item is requested by Carolynn Caudill, County Clerk and Secretary to the Retirement Board. (Document received)
16. Discussion and possible action to implement the Milliman recommendation to adopt a funding policy where contributions will equal the normal cost plus a declining 15 year amortization of the UAAL. This item is requested by Carolynn Caudill, County Clerk and Secretary to the Retirement Board. (Document received)
17. Discussion and possible action for approval of a transfer of funds from the OKIE account to the Defined Benefit Plan to be invested by the County Treasurer with an effective date. This item is requested by Carolynn Caudill, County Clerk and Secretary to the Retirement Board. (No Document)
18. Discussion and possible action regarding for the necessity of fund reviews by all 457 plan vendors. This item is requested by Bob Ravitz, Member of the Retirement Board. (No Document)
19. Discussion and possible action to re-enact the one-time loan consolidation/refinancing provision. This item is requested by Jim Lilly, Member of the Retirement Board. (No Document)
20. Discussion and possible action to change the current loan consolidation policy to allow members to consolidate retirement loans at any time their account will allow. This item is requested by Jim Lilly, Member of the Retirement Board. (No Document)
21. Citizen s participation. Any citizen wishing to address the Board of Trustees of the Employees Retirement System may do so at this time.
22. 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, March 28, 2011.
NAME OF PERSON REPORTING: Carolynn
Caudill,
TITLE: SECRETARY TO: Board
of Trustees of the Employees Retirement System of
SIGNATURE: Carolynn
Caudill, by: ,
Deputy.