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RAYMOND VAUGHN County Commissioner Chairman |
OKLAHOMA
COUNTY |
KEITH BLOCH Trustee |
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FORREST BUTCH FREEMAN County Treasurer Vice-Chairman |
BOARD OF
TRUSTEES OF THE EMPLOYEES
RETIREMENT SYSTEM |
JAD HANNER Trustee JIM LILLY Trustee |
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CAROLYNN CAUDILL County Clerk Clerk to the Board BOB RAVITZ Trustee |
NOTICE OF
REGULAR MEETING |
JOHN COBURN Trustee P.D. TAYLOR Trustee |
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320 Robert
S. Kerr, BOE
Meeting Room Oklahoma
City, OK 73102 |
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2:30 p.m., October 31, 2016
1. Call to order.
2. Notice of the meeting was properly posted on Thursday, October 27, 2016.
3. Approve the minutes of the meeting of September 26, 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 October, 2016, Defined Benefit payroll. This month there are 129 checks to be issued for 129 participants in the amount of $143,511.98. 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 September, 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 $6,204,472.88 and at Par Value of $6,166,785.85 as provided by the Bank of Oklahoma/LPL for September, 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 September, 2016, in the amount of $30,370.22 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 November 2016, Mutual Fund Reimbursements to participants in the amount of $15,722.31. 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 Gerona Serrano (Application No. SS16-05). Effective Date: October 1, 2016. (Document received)
10. Discussion and possible action for approval for Defined Benefit Retirement Benefits for Richard Hardy (Application No. 16-06). Effective Date: November 1, 2016. (Document received
11. Discussion and possible action for approval for Defined Contribution Retirement and Health Benefits for Kimberly Reeves (Application No. 16-21). Effective Date: October 21, 2016. (Document received)
12. 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, 2016 as prepared by SageView. This item is requested by Carolynn Caudill, County Clerk and Secretary to the Retirement Board. (Document Received)
13. Discussion and possible action to approve payment in the amount of $10,000.00 to SageView for Actuarial and Administrative Services from August 1, 2016 to August 31, 2016. This item is requested by Carolynn Caudill, County Clerk and Secretary to the Retirement Board. (Document Received)
14. 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)
15. Discussion and possible action to receive the quarterly statement for the Defined Benefit Retirement Plan Quarterly Report for quarter ending September 30, 2016. This item is requested by Carolynn Caudill, County Clerk and Secretary to the Retirement Board. (Document Received)
16. Discussion and possible action to regarding the approval to re-enact the one-time loan consolidation/refinancing provision beginning November 1, 2016 ending January 31, 2017. This item is requested by Carolynn Caudill, County Clerk and Secretary to the Retirement Board. (No Document)
17. Discussion and possible action to regarding presentations made on October 19, 2016 in a Special Meeting by the six companies that bid on Oklahoma County s Retirement System. This item is requested by Carolynn Caudill, County Clerk and Secretary to the Retirement Board. (No Document)
18. Citizen s participation. Any citizen wishing to address the Board of Trustees of the Employees Retirement System may do so at this time.
19. 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, November 21, 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.