BRIAN MAUGHAN

County Commissioner

Chairman

OKLAHOMA COUNTY

KEITH BLOCH

Trustee

FORREST  BUTCH  FREEMAN

County Treasurer

Vice-Chairman

BOARD OF TRUSTEES

OF THE

EMPLOYEES RETIREMENT SYSTEM

EUGENE D. JONES, III

Trustee

 

JIM LILLY

Trustee

 

CAROLYNN CAUDILL

County Clerk

Clerk to the Board

 

                     BOB RAVITZ

Trustee

 

  NOTICE OF REGULAR MEETING

JIM FEIST

Trustee

 

P.D. TAYLOR

Trustee

 

320 Robert S. Kerr,

BOE Meeting Room

Oklahoma City, OK 73102

 

 

2:30 p.m., May 18, 2015

 

 

1.                  Call to order.

 

2.                  Notice of the meeting was properly posted on Thursday, May 14, 2015.                                        

                                   

3.                  Approve the minutes of the meeting on April 27, 2015 and the special meeting of May 4th, 2015.

 

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

 

4.                  Discussion and possible action for approval of the May, 2015, Defined Benefit payroll.  This month there are 141 checks to be issued for 140 participants in the amount of $152,132.93.  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 April, 2015.   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 $7,289,468.84 and at Par Value of $7,225,919.14 as provided by the Bank of Oklahoma/LPL for   April,                2015.   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 April, 2015, in the amount of $30,377.61 submitted by InvesTrust.  Monthly investment and administration fees are paid out of the County General Fund.   This item is requested by Carolynn Caudill, 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 June, 2015, Mutual Fund Reimbursements to participants in the amount of $17,027.62.   The 2015 Mutual Fund Reimbursements to participants are paid out of the OKIE account. This item is requested by Carolynn Caudill, County Clerk, and Secretary to the Retirement Board.  (Document received)

 

 

 

End of Consent Docket

 

 

 

9.                  Discussion and possible action for approval for Defined Contribution Retirement and Health Benefits for Clarinda Ellis (Application No. 15-12).  Effective Date: May 16, 2015. (Document Received)

 

10.              Discussion and possible action for approval for Defined Contribution Retirement and Health Benefits for David McKenzie (Application No. 15-13).  Effective Date: May 6, 2015. (Document Received)

 

11.              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).

 

12.              Discussion and possible action to approve the June, 2015, one-time Defined Benefit stipends, in the amount in the amount of $700.00. There are 140 checks to be issued for 139 participants in the amount of $98,000.00. This item is requested by Forrest  Butch  Freeman, County Treasurer and Vice-Chairman to the retirement board. (Document Received)

 

13.              Discussion and possible action for approval of the Consulting Services Agreement between Oklahoma County and Nyhart to perform annual actuarial valuation of the Defined Benefit Plan and required GASB actuarial disclosures, to be effective July 1, 2015, and ending June 30, 2016. This item is requested by Carolynn Caudill, County Clerk and Secretary to the Retirement Board and has been approved as to form legality by Gretchen Crawford, Assistant District Attorney. (Document Received)

 

14.              Discussion and possible action to receive the NACO plan document to be received each year between Nationwide 457 and Oklahoma County to be effective July 1, 2015, and ending June 30, 2016. This item is requested by Carolynn Caudill, County Clerk and Secretary to the Retirement Board and has been approved as to form legality by Gretchen Crawford, Assistant District Attorney. (Document Received)

 

 

 

 

 

15.              Discussion and possible action for approval of the Administrative Services Agreement between Oklahoma County and InvesTrust 457 Plan to be effective July 1, 2015, and ending June 30, 2016. This item is requested by Carolynn Caudill, County Clerk and Secretary to the Retirement Board and has been approved as to form legality by Gretchen Crawford, Assistant District Attorney. (Document Received)

 

16.              Discussion and possible action regarding the unopposed candidacy of Mr. Bob Ravitz as an employee member to the Oklahoma County Board of Trustees of the Employees Retirement System.  The employee s length of term is three years.  His term will begin on July 1, 2015, and will expire on June 30, 2018.   This item is requested by Carolynn Caudill, County Clerk and Secretary to the Retirement Board.  (Document Received)

 

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

 

18.              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, June 26, 2015.

 

NAME OF PERSON REPORTING:   Carolynn Caudill, County Clerk                     

 

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

 

SIGNATURE: Carolynn Caudill, by:                                   , Deputy.