Regular Meeting
Agenda
2:30 p.m.
May 24, 2010
320 Robert S.
Kerr, Room 201
1. Call to order.
2. Notice of the meeting was properly posted Wednesday, May 19, 2010.
3. Approve the minutes of the meetings of April 26, 2010.
The following items, No. 4 through 8 are
Consent Items and are routine in nature:
4.
Discussion and possible action for approval of the May
2010 Defined Benefit payroll. This
month there are 176 checks to be issued for 174 participants in the amount of
$186,273.98. This item is requested by Carolynn Caudill,
5. Discussion and possible action for approval of Security Trades and Interest Report for April 2010. 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 $12,007,178.32 and at Par Value of $11,782,497.28 as provided by the Bank of Oklahoma/LPL for April 2010. 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 April 2010 in
the amount of $24,413.88 submitted by InvesTrust. Monthly investment and administration
fees are paid out of the OKIE account.
This item is requested by Carolynn Caudill,
8.
Discussion and possible action to approve funds to be
transferred to escrow account for June 2010 Mutual Fund Reimbursements to
participants in the amount of $16,020.15. The 2010 Mutual Fund Reimbursements
to participants are paid out of the OKIE account. This item is requested by Carolynn
Caudill,
End of Consent Docket
9. Discussion and possible action for approval of Defined Contribution retirement and health benefits for Clark David Elliot (Application No. 10-08). Effective Date: May 1, 2010.
10.
Discussion and possible action regarding a one-time
$700.00 stipend for each member of the Oklahoma County Defined Benefit Retirement
Plan. This item is requested by
Forrest “Butch” Freeman,
11.
Discussion and possible action to receive the monthly
updated OKIE Forfeiture Account Activity and projections. This item is requested
by Carolynn Caudill,
12.
Discussion and possible action for approval of a
transfer of funds from the OKIE account to the Defined Benefit Plan to be
invested by the
13. Discussion and possible action regarding the plan fund review presentation provided by InvesTrust, N.A. regarding the Defined Contribution and 457 plans. This item is requested by Bob Ravitz, Trustee. (Document Received)
14.
Discussion and possible action for approval of the
Service Agreement between Oklahoma County and InvesTrust, N.A. to be effective
July 1, 2010 and ending June 30, 2011.
This item is requested by Carolynn Caudill,
15.
Discussion and possible action for approval of the
Service Agreement between Oklahoma County and InvesTrust 457 Plan to be
effective July 1, 2010 and ending June 30, 2011. This item is requested by Carolynn
Caudill,
16.
Discussion and possible action for approval of the
Administrative Services Agreement between Oklahoma County and The Hartford 457
Plan to be effective July 1, 2010 and ending June 30, 2011. This item is requested by Carolynn
Caudill,
17.
Discussion and possible action to receive the NACO plan
document to be received each year between Nationwide 457 and
18.
Discussion and possible action for approval of the
engagement letter and Consulting Service Agreement with Milliman
Consultants and Actuaries effective
July 1, 2010 and ending June 30, 2011, to complete an actuarial pension
valuation of the Defined Benefit Employees Retirement System of Oklahoma
County. This item is
requested by Carolynn Caudill,
19.
Discussion and possible action for approval of the
engagement letter provided by Johnston & Ahlschwede,
P.C., Certified Public Accountants, to audit the Defined Benefit Employees Retirement System of
Oklahoma County at the end of fiscal year 2010. This item is requested by Carolynn
Caudill,
20. Citizen’s participation. Any citizen wishing to address the Board of Trustees of the Employees Retirement System may do so at this time.
21. New Business: In accordance with the Open Meetings Act, Title 25 O.S. § 311.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. June 28, 2010.
NAME OF PERSON REPORTING: Carolynn Caudill,
TITLE: SECRETARY TO: Board of Trustees of the
Employees Retirement System of
SIGNATURE: Carolynn
Caudill, by:
,
Deputy.