RAYMOND VAUGHN

County Commissioner

Chairman

OKLAHOMA COUNTY

KEITH BLOCH

Trustee

FORREST  BUTCH  FREEMAN

County Treasurer

Vice-Chairman

BOARD OF TRUSTEES

OF THE

EMPLOYEES RETIREMENT SYSTEM

JAD HANNER

Trustee

 

JIM LILLY

Trustee

 

CAROLYNN CAUDILL

County Clerk

Clerk to the Board

 

                     BOB RAVITZ

Trustee

 

  NOTICE OF REGULAR MEETING

JOHN COBURN

Trustee

 

P.D. TAYLOR

Trustee

 

320 Robert S. Kerr,

BOE Meeting Room

Oklahoma City, OK 73102

 

 

2:30 p.m., November 21, 2016

1.                  Call to order.

 

2.                  Notice of the meeting was properly posted on Thursday, November 17, 2016.                                        

                                  

3.               Approve the minutes of the special meeting of October 19, 2016 and the regular meeting on October 31, 2016.

 

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

 

4.               Discussion and possible action for approval of the November, 2016, Defined Benefit payroll.  This month there are 130 checks to be issued for 130 participants in the amount of $143,958.01. 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 October, 2016.   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 $6,091,734.19 and at Par Value of $6,045,922.03 as provided by the Bank of Oklahoma/LPL for October, 2016.   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 October, 2016, in the amount of $30,459.84 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 December 2016, Mutual Fund Reimbursements to participants in the amount of $15,411.95.   The 2016 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 Contribution Retirement and Health Benefits for Lois Nubine (Application No. 16-22). Effective Date: November 1, 2016.   (Document received)

 

 

 

 

            

 

 

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

 

 

 

 

 

11.       Discussion and possible action for approval of the 2017 regular scheduled Retirement Board Meetings. This item is requested by Carolynn Caudill, County Clerk and Secretary to the Retirement Board. (Document Received)

 

 

 

 

 

12.       Discussion and possible action to make a recommendation to the Oklahoma County Budget Board to do a fund transfer to the Oklahoma County Defined Benefit Plan. This item is requested by Carolynn Caudill, County Clerk and Secretary to the Retirement Board. (No Document)

 

 

 

13.       Discussion and possible action to receive further analysis from Dusty Bowers of Arthur J. Gallagher & Co., reviewing and evaluating bids received pursuant to the RFP for Pension and Administration Services. This item is requested by Raymond Vaughn, County Commissioner and Chairman to the Retirement Board. (No Document)

 

 

 

 

14.       Discussion and possible action to select and approve a vendor for Pension and Administration Services for Oklahoma County Retirement. This item is requested by Bob Ravitz, Member to the Retirement Board. (No Document)

 

 

 

 

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

 

 

 

 

 

 

16.           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, December 12, 2016.

 

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.