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., September 28, 2015

1.                  Call to order.

 

2.                  Notice of the meeting was properly posted on Thursday, September 24, 2015.                                        

                                  

3.                  Approve the minutes of the meeting of August 31, 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 September, 2015, Defined Benefit payroll.  This month there are 134 checks to be issued for 134 participants in the amount of $145,956.91. 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 August, 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 $6,662,418.56 and at Par Value of $6,607,974.92 as provided by the Bank of Oklahoma/LPL for August, 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 August, 2015, in the amount of $29,602.51 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 October, 2015, Mutual Fund Reimbursements to participants in the amount of $15,266.30.   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 Contribution Retirement and Health Benefit or Lynette Stephens (Application No. 15-30). Effective Date: September 8, 2015.  (Document received)

 

 

 

 

10.       Discussion and possible action for approval for Defined Contribution Retirement and Health Benefits for Preston Solomon (Application No. 15-31). Effective Date: September 13, 2015.  (Document received)

 

 

 

 

 

11.       Discussion and possible action for approval for Defined Contribution Retirement and Health Benefits for Benjamin Brown (Application No. 15-32). Effective Date: October 2, 2015.  (Document received)

 

 

 

 

 

12.       Discussion and possible action for approval for Defined Contribution Retirement and Health Benefits for Roxy McAtee (Application No. 15-33). Effective Date: September 10, 2015.   (Document received)

 

 

 

 

 

 

 

13.       Discussion and possible action for approval for Defined Contribution Retirement and Health Benefits for Mary Sloan (Application No. 15-34). Effective Date: October 31, 2015.  (Document received)



 

 

 

 

14.       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)

 

 

 

 

15.       Discussion and possible action to receive the Actuarial Valuation Report for Oklahoma County Retirement System and the Defined Benefit Plan GASB No. 67 report for Plan Year ending June 30, 2015 as prepared by Nyhart This item was requested by Carolynn Caudill, County Clerk, and Secretary to the Retirement Board.   (Document received)

 

 

 

 

16.       Discussion and possible action to approve payment in the amount of $4,500.00 to Nyhart for Actuarial and Administrative Services from July 1, 2015 to July 31, 2015. This item was requested by Carolynn Caudill, County Clerk, and Secretary to the Retirement Board.  (Document received)

 

 

 

 

 

17.       Discussion and possible action to approve payment in the amount of $5,000.00 to Nyhart for Actuarial and Administrative Services from August 1, 2015 to August 31, 2015. This item was requested by Carolynn Caudill, County Clerk, and Secretary to the Retirement Board.  (Document received)

 

 

 

 

 

 

18.       Discussion and possible action to replace TIAA-CREF Mid-Cap Value Retail (TCMVX) with TIAA-CREF Mi-Cap Value Retire (TRVRX). This request is a share class change for both the Oklahoma County Defined Contribution Plan and the Oklahoma County 457(b) Plan. This item is requested by InvesTrust. (Document Received)

 

 

 

 

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, October 28, 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.