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., March 30, 2015

1.                  Call to order.

 

2.                  Notice of the meeting was properly posted on Thursday, March 26, 2015.                                        

                                  

3.                  Approve the minutes of the meeting of February 23, 2015 and the special meeting on February 26, 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 March, 2015, Defined Benefit payroll.  This month there are 142 checks to be issued for 141 participants in the amount of $152,866.60. This item was 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 February, 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 $7,223,343.01 and at Par Value of $7,175,023.09 as provided by the Bank of Oklahoma/LPL for February, 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 February, 2015, in the amount of $30,363.95 submitted by InvesTrust.  Monthly investment and administration fees are paid out of the County General Fund.   This item was 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 April, 2015, Mutual Fund Reimbursements to participants in the amount of $16,540.75.   The 2015 Mutual Fund Reimbursements to participants are paid out of the OKIE account.   This item was 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 Benefit Survivor Spouse Retirement and Benefits for Constance Glenn (Application No. SS15-1). Effective Date: March 1, 2015.  (Document received)

 

 

 

 

10.      Discussion and possible action for approval for Defined Contribution Retirement and Health Benefits for Chester Pratt (Application No. 15-09). Effective Date: March 7, 2015.  (Document received)

 

 

 

 

11.       Discussion and possible action for approval for Defined Contribution Retirement Benefits for Kenneth Cooper (Application No. 15-10). Effective Date: April 11, 2015.  (Document received)



 

 

 

 

12.       Discussion and possible action to receive the monthly updated OKIE Forfeiture Account Activity and Projections report. This item was requested by Carolynn Caudill, County Clerk, and Secretary to the Retirement Board.  (Document received)

 

 

 

 

13.       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 the effective date. This item was requested by Carolynn Caudill, County Clerk, and Secretary to the Retirement Board.  (Document received)

 

 

 

 

 

 

 

14.       Discussion and possible action to waive any potential conflict of interest in legal representation of Boeing by McAfee & Taft. McAfee & Taft represents the Oklahoma County Retirement Board regarding the Defined Contribution Retirement System, and had been asked by Boeing to represent them in a possible land acquisition for property located at SE 59th and Air Depot Blvd, which is owned by Oklahoma County. This item requested by Brian Maughan, Chairman. Approved as to form and legality by Aaron Etherington, Assistant District Attorney. (No Document)

 

 

 

 

 

15.       Discussion and possible action to approve the Election Board Election Application for the 2015 Retirement Board Election. This item is requested by Carolynn Caudill, County Clerk and Secretary to the Retirement Board. (Document Received)

 

 

 

 

 

16.       Discussion and possible action to replace the T. Rowe Price International Bond Fund (RPIBX) with the Templeton Global Bond R6 Fund (FBNRX) in the Oklahoma County Defined Contribution Plan and the Oklahoma County 457 (b) Plan. (No Document)

 

 

 

 

 

17.       Executive Session for the purpose of discussing the following:

            A.   Pursuant to Title 19, Section 307 (B) (7) to engage in discussions on the matters related to Leonard Davis, where public disclosures of the information discussed would violate confidentiality requirements of state and federal law.

 

 

18.       Action regarding the confidential communications engaged in by the Board on matters related to Leonard Davis.

 

 

 

 

 

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

 

 

 

 

 

20.           New Business: In accordance with the Open Meetings Act, Title 25 O.S.11.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, April 27, 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.