Oklahoma County Retirement Board

 

Regular Meeting Agenda

 

2:30 p.m.

February 27, 2012

320 Robert S. Kerr, Room 201

Oklahoma City, OK

 

1.                  Call to order.

 

2.                  Notice of the meeting was properly posted on Thursday, February 23, 2012.                                        

                                  

3.                  Approve the minutes of the meeting of January 30, 2012.

 

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, 2012 Defined Benefit payroll.   This month there are 168 checks to be issued for 166 participants in the amount of $ 177,360.03. 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 January, 2012.   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 $9,740,813.61 and at Par Value of $9,437,464.34 as provided by the Bank of Oklahoma/LPL for January,              2012.  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, 2012, in the amount of $25,458.42 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 March, 2012, Mutual Fund Reimbursements to participants in the amount of $19,044.02.   The 2012 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 of Defined Contribution retirement and health benefits for Anthony Spigener (Application No. 12-1).  Effective Date: January 28, 2012.  (Document received)

 

10.              Discussion and possible action for approval of Defined Contribution retirement and health benefits for Sue McDonald (Application No. 12-2).  Effective Date: March 1, 2012.  (Document received)

 

11.              Discussion and possible action for approval of Defined Benefit Survivor Spouse retirement and health benefits for Velma Easton (Application No. 12-1).  Effective Date: February 1, 2012.  (Document received)

 

12.              Discussion and possible action for approval of Defined Benefit Survivor Spouse retirement and health benefits for Beverly Osburn (Application No. 12-2).  Effective Date: February 1, 2012.  (Document received)

 

13.              Discussion and possible action for approval of Defined Benefit Survivor Spouse benefits for Robert Rubchinuk (Application No. 12-3).  Effective Date: January 1, 2012.  (Document received)

 

14.              Discussion and possible action for approval of Defined Benefit Survivor Spouse benefits for Mary Grider (Application No. 12-4).  Effective Date: February 1, 2012.  (Document received)

 

1.                  Discussion and possible action for approval of a one-time catch-up payment to Defined Benefit Survivor Spouse Robert Rubchinuk.  His spouse qualified under the rule of 62, effective 5/1/2010.  He will start to receive Survivor Spouse payments effective March, 2012.  This item is requested by Carolynn Caudill, County Clerk and Secretary to the Retirement Board.  (Document received)

 

2.                  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)

 

3.                  Discussion and possible action for approval of a redirection of retirement contributions up to $1.1m 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)

 

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

 

5.                  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 26th, 2012.

 

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.