Oklahoma City Employee Retirement System

OKLAHOMA CITY EMPLOYEE RETIREMENT SYSTEM FORMAL AGENDA February 10, 2022 10:00 AM Paul Bronson, Chair Ken Culver, Vice­Chair Board Members: Jacqueline Ames Brent Bryant Sri Jonnada Eugene (Marty) Lawson Aimee Maddera Karla Nickels JC Reiss Randy Thurman Vacant Amy K. Simpson, Ex­officio Matthew Boggs, Ex­officio Regina Story, ERS Manager Wiley Williams, Deputy Municipal Counselor 200 N. Walker Avenue – 3rd Floor – Council Chamber MEETING INFORMATION The following safety guidelines are in place for meetings in the Council Chamber at City Hall: only the south entrance to City Hall will be open; air purifying machines have been installed in the Chamber; hand sanitizer machines and disposable face masks will be available. It is the policy of the City to ensure that communications with participants and members of the public with disabilities are as effective as communications with others. Anyone with a disability who requires an accommodation, a modification of policies or procedures, or an auxiliary aid or service in order to participate in this meeting should contact the ADA department coordinator at 297­2408 or TDD 297­2020 as soon as possible but not later than 48 hours (not including weekends or holidays) before the scheduled meeting. The department will give primary consideration to the choice of auxiliary aid or service requested by the individual with the disability. If you need an alternate format of the agenda or any information provided at said meeting, please contact the ADA department coordinator listed above 48 hours prior to the scheduled meeting.  200 N. Walker Avenue – 3rd Floor – Council Chamber MEETING INFORMATION The following safety guidelines are in place for meetings in the Council Chamber at City Hall: only the south entrance to City Hall will be open; air purifying machines have been installed in the Chamber; hand sanitizer machines and disposable face masks will be available. It is the policy of the City to ensure that communications with participants and members of the public with disabilities are as effective as communications with others. Anyone with a disability who requires an accommodation, a modification of policies or procedures, or an auxiliary aid or service in order to participate in this meeting should contact the ADA department coordinator at 297­2408 or TDD 297­2020 as soon as possible but not later than 48 hours (not including weekends or holidays) before the scheduled meeting. The department will give primary consideration to the choice of auxiliary aid or service requested by the individual with the disability. If you need an alternate format of the agenda or any information provided at said meeting, please contact the ADA department coordinator listed above 48 hours prior to the scheduled meeting. Citizens may address the Board 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 Chairman or presiding officer may in his or her discretion prohibit a person from addressing the Board, or have any person removed from the Council Chamber, 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 Chairman or presiding officer; 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 Chairman or presiding officer; 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 that jeopardizes the safety of self or others. A person may also be subject to arrest and removal from the Municipal Building for violation of Oklahoma City Municipal Code 2020, § 3081 – Disorderly conduct and/or violation of Okla. Stat. tit. 21, §280 Willfully Disturbing, Interfering With or Disrupting State Business, Agency Operations or Employees. Citizens may address the Board on individual concerns at the end of the agenda under “Comments from Board, Staff and Citizens.” Comments from Board, Staff and Citizens 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 Comments from Board, Staff and Citizens. Citizens will not be allowed to campaign on any political issue during the meeting. Comments must concern OCERS services or policies. Please fill out a "Request to be Heard" form located outside the Chambers. Please return this form to the Council Office at the north end of the hall. PLEASE LIMIT YOUR COMMENTS TO 3 MINUTES. Continuing to speak beyond the time allowed by the Chairman or presiding officer shall constitute grounds for removal from the Council Chamber. Citizens who wish to be listed on the agenda for comments to the Board may call the City Clerk's Office at 297­ 2397 before 4 p.m. on the Tuesday prior to the next OCERS meeting. Persons so listed on the agenda for comments to the Board are subject to the same restrictions listed above. Persons may use City computer to make presentations to the Board only if requested to do so by the Chairman or a board member and the device containing the presentation is provided to the City Clerk three business days in advance. OKLAHOMA CITY EMPLOYEE RETIREMENT SYSTEM FORMAL AGENDA 10:00 AM, February 10, 2022 City Council Chamber 200 North Walker I. Call to Order. II. APPROVE minutes of meeting of January 13, 2022. III. CONSENT DOCKET: A. Report of judgments purchased for the month of January 2022, in the amount of $1,296,295.13. IV. RATIFY APPROVALS: days in advance. OKLAHOMA CITY EMPLOYEE RETIREMENT SYSTEM FORMAL AGENDA 10:00 AM, February 10, 2022 City Council Chamber 200 North Walker I. Call to Order. II. APPROVE minutes of meeting of January 13, 2022. III. CONSENT DOCKET: A. Report of judgments purchased for the month of January 2022, in the amount of $1,296,295.13. IV. RATIFY APPROVALS: A. Payroll for the month of January 2022 in the amount of $3,770,474.44. B. Payment of claim to The City of Oklahoma City of $2.54 for December 2021 Printshop – color copy chargeback. C. Payment of claim to The City of Oklahoma City of $32.29 for December 2021 Printshop – postage chargeback. V. APPROVE claims docket. A. Claims to be approved. VI. APPROVE the following applications for Service Retirement. A. Case No. 3794 Betty Cox – City Manager’s Office Years of Service: 23 Years, 2 Months Basis: Service Age: 65 Spouse: 62 No Option Average Final Compensation: $7,286.78 Monthly Pension Amount: $3,375.97 ($7,286.78 X 46.33%) Effective: January 4, 2022 B. Case No. 3795 Jimmie Dornan – Development Services Years of Service: 24 Years, 7 Months Basis: Service Age: 68 Spouse: 58 Option A Average Final Compensation: $6,817.11 Monthly Pension Amount: $2,639.21 ($6,817.11 X 49.17% X .787360) Effective: February 4, 2022 C. Case No. 3796 Calvin Dugan – Utilities Years of Service: 39 Years, 0 Months Basis: Service C. Case No. 3796 Calvin Dugan – Utilities Years of Service: 39 Years, 0 Months Basis: Service Age: 65 Spouse: 67 Option A Average Final Compensation: $6,615.35 Monthly Pension Amount: $4,539.69 ($6,615.35 X 78.00% X .879790) Effective: February 23, 2022 D. Case No. 3797 Cheryl Hutchinson – Utilities Years of Service: 31 Years, 4 Months Basis: Service Age: 61 Not Married Average Final Compensation: $7,239.14 Monthly Pension Amount: $4,536.77 ($7,239.14 X 62.67%) Effective: February 4, 2022 E. Case No. 3798 Ricky Snodgrass – Utilities Years of Service: 32 Years, 8 Months Basis: Service Age: 60 Spouse: 59 No Option Average Final Compensation: $6,423.27 Monthly Pension Amount: $4,196.32 ($6,423.27 X 65.33%) Effective: January 7, 2022 F. Case No. 3799 Robert Tener – Development Services Years of Service: 40 Years, 8 Months Basis: Service Age: 64 Spouse: 64 Option A Average Final Compensation: $15,090.98 Monthly Pension Amount: $10,705.92 ($15,090.98 X 81.33% X .872280) Effective: February 4, 2022 G. Case No. 3800 Don Whitton – Zoo Years of Service: 46 Years, 4 Months Basis: Service Age: 69 Spouse: 64 Option B Average Final Compensation: $4,425.25 Monthly Pension Amount: $3,494.36 ($4,425.25 X 92.67% X .852100) Effective: February 4, 2022 H. Case No. 3801 Dwight Wickware – Utilities Years of Service: 10 Years, 0 Months Age: 77 Spouse: 72 No Option Average Final Compensation: $5,083.36 Monthly Pension Amount: $1,016.67 ($5,083.36 X 20.00%) Lump Sum Elected $30,000 Reduced Monthly Pension Amount: $698.10 Effective: January 7, 2022  Age: 77 Spouse: 72 No Option Average Final Compensation: $5,083.36 Monthly Pension Amount: $1,016.67 ($5,083.36 X 20.00%) Lump Sum Elected $30,000 Reduced Monthly Pension Amount: $698.10 Effective: January 7, 2022 VII. RECEIVE report of death. AUTHORIZE payment of $5,000 death benefit and APPROVE continuation of pension to spouse. A. Case No. 2142 Muriel Horn – Died December 18, 2021 Monthly Pension Amount: $1,449.13 Option A Pension to cease December 31, 2021 B. Case No. 2142A Roy Horn – Widow of Muriel Horn Monthly Pension Amount: $1,449.13 ($1,449.13 X 100%) Effective January 1, 2022 C. Case No. 3368 Chester Jennings – Died January 1, 2022 Monthly Pension Benefit: $1,918.37 Option B Pension to cease January 31, 2022 D. Case No. 3368A Lois Jennings – Widow of Chester Jennings Monthly Pension Amount: $1,435.78 ($1,918.37 X 75%) Effective February 28, 2022 E. Case No. 906 Raymond Skrapka – Died January 10, 2022 Monthly Pension Amount: $1,749.26 Option C Pension to cease January 31, 2022 F. Case No. 906A Grace Skrapka – Widow of Raymond Skrapka Monthly Pension Amount: $874.63 ($1,749.26 x 50%) Effective February 28, 2022 VIII. RECEIVE report of death. AUTHORIZE payment of $5,000 death benefit and AUTHORIZE Secretary to make necessary changes to conform on the following. A. Case No. 3704 Marcy Droke – Died January 5, 2022 Monthly Pension Amount: $3,510.42 No Beneficiary Pension to cease January 31, 2022 B. Case No. 2874 Stanley Frederick – Died January 11, 2022 Monthly Pension Amount: $924.52 Option B – Spouse Predeceased  B. Case No. 2874 Stanley Frederick – Died January 11, 2022 Monthly Pension Amount: $924.52 Option B – Spouse Predeceased Pension to cease January 31, 2022 C. Case No. 1437 Bob Nettleton – Died January 1, 2022 Monthly Pension Amount: $1,227.24 No Beneficiary Pension to cease January 31, 2022 IX. RECEIVE report of death. AUTHORIZE Secretary to make necessary changes to conform on the following. A. Case No. 1019A Eva Lucas – Died January 11, 2022 Monthly Pension Amount: $565.90 No Beneficiary Pension to cease January 31, 2022 B. Case No. 1637A Deena Rains – Died January 7, 2022 Monthly Pension Amount: $1,211.35 No Beneficiary Pension to cease January 31, 2022 X. APPROVE the following applications of Vested Rights. A. Case No. 3802 Aaron Kristopeit – Golf Years of Service: 10 Years, 5 Months Basis: Vested Rights Age: 39 Spouse: 37 Average Final Compensation: $4,024.69 Monthly Pension Amount: $838.34 ($4,024.69 X 20.83%) Effective: Age 65 XI. RECEIVE Investment Consultant Report. A. Quarterly Investment Report. B. Monthly Investment Report. C. Asset Allocation Review. XII. Comments from Board, Staff and Citizens. XIII. Adjournment.