Oklahoma City Employee Retirement System

OKLAHOMA CITY EMPLOYEE RETIREMENT SYSTEM FORMAL AGENDA February 08, 2024 10:00 AM Paul Bronson, Chair Ken Culver, Vice­Chair Board Members: Brent Bryant Bruce Davis Doug Dowler Sri Jonnada Aimee Maddera Karla Nickels JC Reiss Randy Thurman Matt Weller Amy K. Simpson, Ex­officio Matthew Boggs, Ex­officio Regina Story, ERS Manager Richard Mahoney, Assistant Municipal Counselor 200 N. Walker Avenue – 3rd Floor – Council Chamber MEETING INFORMATION 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 agenda coordinator at 297­2408 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 agenda 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  200 N. Walker Avenue – 3rd Floor – Council Chamber MEETING INFORMATION 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 agenda coordinator at 297­2408 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 agenda 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. Television and YouTube Coverage Residents can watch the OCERS meeting live by going to http://youtube.com/cityofokc/live Meetings can also be watched live on Cox Cable Channel 20. If there are technical difficulties with either live stream during the meeting, a video will be posted as soon as possible after the meeting. OKLAHOMA CITY EMPLOYEE RETIREMENT SYSTEM FORMAL AGENDA 10:00 AM, February 08, 2024 City Council Chamber 200 North Walker I. Call to Order. II. Resolution for Regina Story. III. APPROVE minutes of meeting of January 11, 2024. IV. CONSENT DOCKET: A. Arthrocare Corporation class action settlement proceeds in the amount of $526.96. stream during the meeting, a video will be posted as soon as possible after the meeting. OKLAHOMA CITY EMPLOYEE RETIREMENT SYSTEM FORMAL AGENDA 10:00 AM, February 08, 2024 City Council Chamber 200 North Walker I. Call to Order. II. Resolution for Regina Story. III. APPROVE minutes of meeting of January 11, 2024. IV. CONSENT DOCKET: A. Arthrocare Corporation class action settlement proceeds in the amount of $526.96. B. Report of judgments purchased for month of January 2024, in the amount of $308,008.69. V. RATIFY APPROVALS: A. Payroll for the month of January 2024, in the amount of $3,905,510.85. B. Payment of claim to The City of Oklahoma city in the amount of $40,472.00 for 3Q24 Admin Chargeback. C. Payment of claim to The City of Oklahoma City in the amount of $10,799.74 for 3Q24 IT Chargeback. D. Payment of claim to The City of Oklahoma City in the amount of $465.24 for December FY24 – Chargeback Postage. E. The action of the Secretary and Administrator in modifying the application due to change in the Effective Date. 1. Case No. 3291 Vickie Mathews – Zoo Years of Service: 9 Years, 1 Month Basis: Service Age: 65 Spouse: 58 Option A Average Final Compensation: $2,546.10 Monthly Pension Amount: $382.72 ($2,546.10 X 18.17% X .82726) Effective Date: From: January 1, 2024 To: December 30, 2023 VI. APPROVE claims docket. A. Claims to be approved. VII. APPROVE the following applications for Service Retirement. A. Case No. 3956 Beverly Asberry – City Council Office Years of Service: 35 Years, 0 Months Basis: Service VII. APPROVE the following applications for Service Retirement. A. Case No. 3956 Beverly Asberry – City Council Office Years of Service: 35 Years, 0 Months Basis: Service Age: 63 Spouse: 64 Option C Average Final Compensation: $5,702.17 Monthly Pension Amount: $3,741.49 ($5,702.17 X 70% X .93736) Effective Date: February 2, 2024 B. Case No. 3957 Helen Harris – Police Years of Service: 18 Years, 0 Months Basis: Service Age: 76 Not Married Average Final Compensation: $4,649.40 Monthly Pension Amount: $1,673.78 ($4,649.40 X 36%) Lump Sum Elected $30,000 Reduced Monthly Pension Amount: $1,365.82 Effective Date: February 1, 2024 C. Case No. 3958 Gwendolyn Mustiful – Utilities Years of Service: 30 Years, 1 Month Basis: Service Age: 62 Not Married Average Final Compensation: $5,873.68 Monthly Pension Amount: $3,534.19 ($5,873.68 X 60.17%) Effective Date: February 2, 2024 D. Case No. 3959 Thinh Nguyen – Public Works Years of Service: 41 Years, 7 Months Basis: Service Age: 57 Spouse: 59 Option A Average Final Compensation: $6,074.55 Monthly Pension Amount: $4,078.09 ($6,074.55 X 83.17% X .80719) Effective Date: February 3, 2024 E. Case No. 3960 Elizabeth Reaves – Utilities Years of Service: 21 Years, 11 Months Basis: Service Age: 65 Spouse: 64 No Option Average Final Compensation: $4,296.55 Monthly Pension Amount: $1,883.18 ($4,296.55 X 43.83%) Effective Date: February 2, 2024 VIII. RECEIVE report of death. AUTHORIZE payment of the $5,000 death benefit and AUTHORIZE Secretary to make necessary changes to conform on the following. A. Case No. 2593 Carolyn Brasel – Died January 16, 2024 Monthly Pension Amount: $1,137.06  AUTHORIZE Secretary to make necessary changes to conform on the following. A. Case No. 2593 Carolyn Brasel – Died January 16, 2024 Monthly Pension Amount: $1,137.06 Option A – Spouse Predeceased Retirement Date: June 3, 2009 Pension to cease: January 31, 2024 B. Case No. 3895 Kenneth Buck – Died January 19, 2024 Monthly Pension Amount: $3,969.34 No Beneficiary Retirement Date: April 7, 2023 Pension to cease: January 31, 2024 C. Case No. 1702 Raymond Gately – Died January 7, 2024 Monthly Pension Payment: $1,200.70 No Beneficiary Retirement Date: July 8, 1995 Pension to cease: January 31, 2024 D. Case No. 1615 Beverly Hughes – Died January 12, 2024 Monthly Pension Amount: $2,550.83 No Beneficiary Retirement Date: January 1, 1994 Pension to cease: January 31, 2024 E. Case No. 1287 Billy Lawrence – Died January 5, 2024 Monthly Pension Amount: $1,956.04 Option C – Spouse Predeceased Pension to cease: January 31, 2024 F. Case No. 1275 Frances Smith – Died January 19, 2024 Monthly Pension Amount: $2,359.75 Option C – Spouse Predeceased Retirement Date: March 1, 1986 Pension to cease: January 31, 2024 G. Case No. 3841 Marion Zacharias – Died January 21, 2024 Monthly Pension Amount: $946.83 Option A – Pending Spouse Application Pension to cease: January 31, 2024 IX. RECEIVE report of death. AUTHORIZE Secretary to make necessary changes to conform on the following. A. Case No. 1297A Ova Robinson – Died January 2, 2024 Monthly Pension Amount: $875.79 IX. RECEIVE report of death. AUTHORIZE Secretary to make necessary changes to conform on the following. A. Case No. 1297A Ova Robinson – Died January 2, 2024 Monthly Pension Amount: $875.79 No Beneficiary Pension to cease: January 31, 2024 B. Case No. 3314A Daniel Ungurean – Died October 27, 2022 Monthly Pension Amount: $1,136.43 No Beneficiary Pension to cease: October 31, 2022 (July 2023 through Jan 2024 – payments stopped) (Nov 2022 through June 2023 – attempting return) C. Case No. 2035A Linda Webb – Died August 10, 2023 Monthly Pension Amount: $294.15 No Beneficiary Pension to cease: August 31, 2023 (Sept – Dec 2023 payments returned) X. INDIVIDUAL CONSIDERATION: A. Approval of sending attendee(s) to the Internation Foundation of Employee Benefit Plans’ training program to pursue the Certificate of Achievement in Public Plan Policy (Employee Pensions), July 30 through August 2, 2024, in Boston, Massachusetts. B. Personal Services Contract with Jeanna Jordan for the Retirement System Manager position. C. Receive Quarterly Investment Report. D. Receive Monthly Investment Report. E. Approve Investment Policy Statement. F. Submit Full Redemption from K2 Ascent. XI. Comments from Board, Staff and Citizens. XII. Adjournment.