COTPA Pension Plan Committee

CENTRAL OKLAHOMA TRANSPORTATION AND PARKING AUTHORITY PENSION PLAN COMMITTEE Time: 9:30 AM Date: November 16, 2023 2000 S. May Avenue Location Oklahoma City, OK 73108 COMMITTEE MEMBERS: Jason Ferbrache, Chairperson Chris Bourke, Vice Chairperson Matt Boggs, City Treasurer Brent Bryant, COTPA Trustee Jack Murphy, Retiree Vacant, COTPA Employee Lamar Hammon, COTPA Employee Steve Lali, At­Large Mike Shaw, HR Manager Christina Hankins, Secretary COTPA Office, 2000 S. May Ave., Oklahoma City, Oklahoma 73108 Participant Instructions It is the policy of COTPA Pension Plan Committee to ensure communication with participants and members of the public with disabilities are as effective as communications with others. Anyone with a disability that would like to participate in the meeting but requires an accommodation, modification of policies/procedures, auxiliary aid or service, or an alternate format of the agenda/information provided at the meeting, please contact Trust Specialist at 405­297­2824 within 48 hours (not including weekends or holidays) of scheduled meeting. Individuals utilizing TTY/TDD technology for telephone communication should utilize the free “711 Relay Oklahoma” service by dialing 711 to assist you in contacting Trust Specialist. The Authority will consider the choice of auxiliary aid or service requested by the individual with a disability. Addressing the Committee Residents may address Committee Members on certain items by signing up to speak and providing the  COTPA Office, 2000 S. May Ave., Oklahoma City, Oklahoma 73108 Participant Instructions It is the policy of COTPA Pension Plan Committee to ensure communication with participants and members of the public with disabilities are as effective as communications with others. Anyone with a disability that would like to participate in the meeting but requires an accommodation, modification of policies/procedures, auxiliary aid or service, or an alternate format of the agenda/information provided at the meeting, please contact Trust Specialist at 405­297­2824 within 48 hours (not including weekends or holidays) of scheduled meeting. Individuals utilizing TTY/TDD technology for telephone communication should utilize the free “711 Relay Oklahoma” service by dialing 711 to assist you in contacting Trust Specialist. The Authority will consider the choice of auxiliary aid or service requested by the individual with a disability. Addressing the Committee Residents may address Committee Members on certain items by signing up to speak and providing the agenda item number, their reason for appearing and their address, but all comments must be relevant to the item. The Chairperson or presiding Committee Member may in his or her discretion prohibit a person from addressing the Committee, or have any person removed from the meeting, if that person commits any disorderly or disruptive behavior. Disorderly conduct includes, but is not limited to, any of the following: speaking without being recognized by the Chairperson or presiding Committee Member; continuing to speak after notice that the speaker’s allotted time has expired; presenting comments or material not relevant to the item under discussion; failing to comply with the lawful instructions of the Chairperson or presiding Committee Member; engaging in other conduct, activity or speech that delays, pursuant to 21 O.S. §280, disruptive conduct includes any conduct that is “violent, threatening, abusive, obscene, or jeopardizes the safety of self or others”. A person may also be subject to arrest and removal from the meeting for violation of Oklahoma City Municipal Code 2020, § 30­​81 – Disorderly conduct and/or violation of Okla. Stat. tit. 21, §280­ Willfully Disturbing, Interfering With or Disrupting State Business, Agency Operations or Employees. Residents may address the Committee on individual concerns, included on the listed exceptions under “Residents to be Heard.” Residents to be Heard is not provided as a forum for publicly announced or declared candidates for City public office, and they will not be allowed to speak as Residents to be Heard. Residents will not be allowed to campaign on any political issue during the meeting. Comments must concern Committee services or policies. Please fill out a "Request to be Heard" at the meeting. Please return this form to staff. PLEASE LIMIT YOUR COMMENTS TO 3 MINUTES. Continuing to speak beyond the time allowed by the Chairperson or presiding Committee Member shall constitute grounds for removal from the meeting. Committee Actions Official action can be taken only on items which appear on the agenda. The Committee may adopt, amend, approve, defer, deny, ratify, recommend, strike, or continue any agenda item. When more information is needed to act on an item, the Committee may refer the matter to the Administrator or the Assistant Municipal Counselor. The Committee may also refer items to standing committees or to a board or commission for additional study. Under certain circumstances, items are deferred to a specific later date or stricken from the agenda entirely. AGENDA CENTRAL OKLAHOMA TRANSPORTATION AND PARKING AUTHORITY PENSION PLAN COMMITTEE DATE: November 16, 2023 or commission for additional study. Under certain circumstances, items are deferred to a specific later date or stricken from the agenda entirely. AGENDA CENTRAL OKLAHOMA TRANSPORTATION AND PARKING AUTHORITY PENSION PLAN COMMITTEE DATE: November 16, 2023 TIME: 9:30 AM PLACE: 2000 S. May Avenue Oklahoma City, OK 73108 1. Call to Order 2. Items from the Chairperson 3. Approval of Minutes A. Minutes of the August 17, 2023 Regular Meeting of the COTPA Pension Plan Committee 4. Item(s) for Individual Consideration A. Resolution approving the Central Oklahoma Transportation and Parking Authority Pension Plan Committee 2024 Regular Quarterly Meeting Schedule B. Resolution approving an amendment to the Central Oklahoma Transportation and Parking Authority Pension Plan asset allocations in the Investment Policy on the recommendation of BOK Financial Investment Fund Manager. C. Discuss and consider an action to fill the open position on the Central Oklahoma Transportation and Parking Authority Pension Plan Committee. 5. Receive Investment Report A. Presentation of the investment review and discuss and consider an action regarding recommendations as presented by the Investment Fund Manager 6. Receive the Actuary Report(s) A. Presentation of the Actuary Valuation Report as of July 1, 2023 by USI Consulting Group B. COTPA – Pension Plan Statements Nos. 67 and 68 of the Governmental Accounting Standards Board (GASB) for fiscal year ending June 30, 2023 7. Ratify Application for Normal Retirement A. Ratification of Applications(s) for Retirement of Vested Member(s) of the COTPA Pension Plan 8. Receive Pensioners Benefits Termination A. Ratification of Single­Sum Refunds for Terminated Non­Vested Members of the COTPA Pension Plan  8. Receive Pensioners Benefits Termination A. Ratification of Single­Sum Refunds for Terminated Non­Vested Members of the COTPA Pension Plan 9. Vendor Claims A. Receive and Ratify Vendor Claims 10. Residents to be Heard 11. Items from the Committee Members 12. Adjournment