Regular Meeting
Agenda
2:30 p.m.
June 27, 2011
320 Robert S.
Kerr, Room 201
Oklahoma City, OK
1. Call to order.
2. Notice of the meeting was properly posted on Wednesday, June 22, 2011.
3. Approve the minutes of the meeting of May 23, 2011.
The following items, No. 4 through 8 are Consent Items and are routine in nature:
4. Discussion and possible action for approval of the June, 2011, Defined Benefit payroll. This month there are 168 checks to be issued for 166 participants in the amount of $ 177,638.01. Last month, a one-time stipend of $700.00 was approved to be distributed with the June 30, 2011, pension checks. This item is attached to receive. This item is requested by Carolynn Caudill, County Clerk, and Secretary to the Retirement Board. (Document received)
5. Discussion and possible action for approval of Security Trades and Interest Report for May, 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 $10,936,319.20 and at Par Value of $10,672,408.44 as provided by the Bank of Oklahoma/LPL for May, 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 May, 2011, in
the amount of $25,768.15 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 July, 2011, Mutual Fund Reimbursements to
participants in the amount of $17,485.27.
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 Contribution retirement for Janine Gooshaw (Application No. 11-09). Effective Date: June 30, 2011. (Document received)
10. Discussion and possible action for approval of Defined Contribution retirement and health benefits for Sharon Thompson (Application No. 11-10). Effective Date: June 15, 2011. (Document received)
11. Discussion and possible action for approval of Defined Contribution retirement and health benefits for Roxy McAtee (Application No. 11-11). Effective Date: June 30, 2011. (Document received)
12. Discussion and possible action for approval of Defined Contribution retirement and health benefits for Criss Franklin (Application No. 11-12). Effective Date: June 17, 2011. (Document received)
13. Discussion and possible action for approval of Defined Contribution retirement and health benefits for Jeanne Mikula (Application No. 11-13). Effective Date: June 17, 2011. (Document received)
14. Discussion and possible action for approval of the engagement letter and Consulting Service Agreement with Milliman Consultants and Actuaries effective July 1, 2011, and ending June 30, 2012, to complete an actuarial pension valuation of the Defined Benefit Employees Retirement System of Oklahoma County. This item is requested by Carolynn Caudill, County Clerk and Secretary to the Retirement Board and has been approved as to form legality by John Jacobsen, Assistant District Attorney. (Document Received)
14.
15. Discussion and possible action for approval of the Administrative Services Agreement between Oklahoma County and The Hartford 457 Plan to be effective July 1, 2011, and ending June 30, 2012. This item is requested by Carolynn Caudill, County Clerk and Secretary to the Retirement Board and has been approved as to form and legality by John Jacobsen, Assistant District Attorney. (Document Received)
16. 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)
17. Discussion and possible action regarding the plan fund review presentation provided by Hartford, regarding the Hartford 457 plan. This item is requested by Carolynn Caudill, County Clerk and Secretary to the Retirement Board. (No Document)
18. Citizen s participation. Any citizen wishing to address the Board of Trustees of the Employees Retirement System may do so at this time.
19. 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, July 25, 2011.
NAME OF PERSON REPORTING: Carolynn
Caudill,
TITLE: SECRETARY TO: Board
of Trustees of the Employees Retirement System of
SIGNATURE: Carolynn
Caudill, by: ,
Deputy.