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	JIM FEIST Trustee P.D. TAYLOR Trustee
	320 Robert S. Kerr, BOE Meeting Room Oklahoma City, OK 73102

2:30 p.m., June 27, 2016

1. Call to order.

2. Notice of the meeting was properly posted on Tuesday, June 21, 2016.

3. Approve the minutes of the meeting of May 23, 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 June, 2016, Defined Benefit payroll. This month there are 129 checks to be issued for 129 participants in the amount of $144,617.61. Last month, a one-time stipend of $700.00 was approved to be distributed with the June 30, 2016, Defined Benefit Payroll. 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 May, 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 $6,571,200.99 and at Par Value of $6,473,722.86 as provided by the Bank of Oklahoma/LPL for May, 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 May, 2016, in the amount of $29,763.47 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 July 2016, Mutual Fund Reimbursements to participants in the amount of $15,954.78. 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 Benefit Survivor Spouse Retirement Benefits for Alice Jones (Application No. SS16-04). Effective Date: June 1, 2016. (Document received)

10. Discussion and possible action for approval for Defined Contribution Retirement Benefits for Karen Sexton (Application No. 16-14). Effective Date: July 1, 2016. (Document received)

11. 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)

12. Discussion and possible action for approval of the Consulting Services Agreement between Sageview Consulting Group and Oklahoma County to perform annual actuarial valuation of the Oklahoma County Retirement System and required GASB actuarial disclosures, to be effective July 1, 2016 and ending June 30, 2017. This 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)

13. Discussion and possible action for approval of the Consulting Services Agreement between Sageview Consulting Group and Oklahoma County to perform the Oklahoma County Post-Employment Benefits Plan valuation and GASB actuarial disclosures, to be effective July 1, 2016 and ending June 30, 2017. This is requested by Carolynn Caudill, County Clerk, and Secretary to the Retirement Board and has been approved as to form legality by Aaron Etherington, Assistant District Attorney. (Document received)

14. Discussion and possible action regarding the unopposed candidacy of Mr. Jim Lilly 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, 2016, and will expire on June 30, 2019. This item is requested by Carolynn Caudill, County Clerk, and Secretary to the Retirement Board. (Document received)

15. Discussion and possible action regarding the unopposed candidacy of Mr. Jad Hanner as the retiree member to the Oklahoma County Board of Trustees of the Employees Retirement System. The retiree s length of term is three years. His term will begin on July 1, 2016, and will expire on June 30, 2019. This item is requested by Carolynn Caudill, County Clerk, and Secretary to the Retirement Board. (Document received)

16. Discussion and possible action regarding Request for Proposal for Pension and Administration Services #CW17040. This item is requested by Bob Ravitz, Public Defender and member to the Retirement Board. (No Document)

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.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, July 25, 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.