Oklahoma City Employee Retirement System

OKLAHOMA CITY EMPLOYEE RETIREMENT SYSTEM FORMAL AGENDA July 10, 2025 10:00 AM Paul Bronson, Chair Brent Bryant, Vice-Chair Board Members: Bruce Davis Doug Dowler Sri Jonnada Aimee Maddera Joanna McSpadden Karla Nickels Randy Thurman Matt Weller Vacancy Amy K. Simpson, Ex-officio Matthew Boggs, Ex-officio Jeanna Jordan, 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 297-2408 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, July 10, 2025 City Council Chamber 200 North Walker I. Call to Order. II. APPROVE meeting minutes from June 12, 2025. III. CONSENT DOCKET: A. Report of judgments purchased for the month of June 2025 in the amount of $493,632.01. B. Report of purchasing card transactions for June 2025 in the amount of $490.16. C. Earnest Partners commission recapture for April 2025 in the amount of $299.89. D. Kraft Heinz securities settlement payment in the amount of $375.11. IV. RATIFY APPROVALS: A. Payroll for the month of June 2025 in the amount of $4,286,072.03. B. The action of the Secretary and Administrator in modifying the application due to a change in the Years of Service, Average Final Compensation and Monthly Pension Amount. 1. Case No. 3915 Mark Chilcoat – Parks and Recreation Years of Service: 16 Years, 0 Months Basis: Service Age: 65 Spouse: 65 Option A Average Final Compensation: From: $4,903.24 To: $4,910.60 Monthly Pension Amount: From: $1,361.53 ($4,903.24 X 32% X .86775) To: $1,363.57 ($4,910.60 X 32% X .86775) Effective: August 2, 2023 2. Case No. 3930 Larry Miller – Parks and Recreation Years of Service: 8 Years, 0 Months Basis: Service Age: 67 Not Married Average Final Compensation: From: $4,094.12 To: $4,106.65 Monthly Pension Amount: From: $655.06 ($4,094.12 X 16%) To: $657.06 ($4,106.65 X 16%) Effective: August 24, 2023 3. Case No. 3918 Gregory Taylor – Police Years of Service: 5 Years, 0 Months Basis: Service  Age: 67 Spouse: 68 Option A Average Final Compensation: From: $5,639.54 To: $5,641.30 Monthly Pension Amount: From: $487.90 ($5,639.54 X 10% X .86514) To: $488.05 ($5,641.30 X 10% X .86514) Effective: August 4, 2023 4. Case No. 3937 Steven Baker – Utilities Years of Service: 43 Years, 10 Months Basis: Service Age: 63 Spouse: 69 Option A Average Final Compensation: From: $8,300.64 To: $8,326.13 Monthly Pension Amount: From: $6,613.42 ($8,300.64 X 87.67% X .90879); or $6,408.75 with $30,000 Lump Sum Distribution Monthly Pension Amount: To: $6,633.73 ($8,326.13 X 87.67% X .90879); or $6,429.06 with $30,000 Lump Sum Distribution Effective: September 27, 2023 5. Case No. 3921 Kelley Garrett – Police Years of Service: 25 Years, 0 Months Basis: Service Age: 59 Not Married Average Final Compensation: From: $8,238.43 To: $8,252.51 Monthly Pension Amount: From: $4,119.22 ($8,238.43 X 50%); or $3,907.37 with $30,000 Lump Sum Distribution Monthly Pension Amount: To: $4,126.26 ($8,252.51 X 50%); or $3,914.41 with $30,000 Lump Sum Distribution Effective: September 11, 2023 6. Case No. 3931 Thomas Newport – Zoo Years of Service: 6 Years, 6 Months Basis: Service Age: 65 Spouse: 60 Option A Average Final Compensation: From: $3,461.03 To: $3,462.38 Monthly Pension Amount: From: $377.21 ($3,461.03 X 13% X .83838) To: $377.36 ($3,462.38 X 13% X .83838) Effective: September 30, 2023 7. Case No. 3922 Scott Patterson – Parks and Recreation Years of Service: 18 Years, 1 Month Basis: Service Age: 63 Spouse: 69 Option A Average Final Compensation: From: $4,758.32 To: $4,776.12 Monthly Pension Amount: From: $1,438.97 ($4,758.32 X 36.17% X .90879 less 8% for early retirement) To: $1,444.36 ($4,776.12 X 36.17% X .90879 less 8% for early retirement) Effective: September 1, 2023  8. Case No. 3923 Michael Sirotnak – Golf Years of Service: From: 11 Years, 5 Months To: 11 Years, 6 Months Basis: Service Age: 66 Spouse: 67 No Option Average Final Compensation: From: $2,013.87 To: $1,940.95 Monthly Pension Amount: From: $459.77 ($2,013.87 X 22.83%) To: $446.42 ($1,940.95 X 23%) Effective: September 1, 2023 V. APPROVE claims docket. A. Claims to be approved. VI. APPROVE the following applications for Service Retirement. A. Case No. 4071 Aubrey McDermid – City Manager’s Office Years of Service: 25 Years, 6 Months Basis: Service Age: 52 Spouse: 74 No Option Average Final Compensation: $21,669.40 Monthly Pension Amount: $11,051.39 ($21,669.40 X 51%) Effective: July 8, 2025 B. Case No. 4072 Sheridan Lowery – Development Services Years of Service: 25 Years, 0 Months Basis: Service Age: 50 Spouse: 48 No Option Average Final Compensation: $8,340.97 Monthly Pension Amount: $4,170.49 ($8,340.97 X 50%) Effective: June 20, 2025 C. Case No. 4073 Davis Sjong Sr – Golf Years of Service: 8 Years, 7 Months Basis: Service Age: 65 Spouse: 62 No Option Average Final Compensation: $2,623.49 Monthly Pension Amount: $450.45 ($2,623.49 X 17.17%) Effective: July 1, 2025 D. Case No. 4074 Jimmy Stout – Development Services Years of Service: 30 Years, 0 Months Basis: Service Age: 66 Spouse: 71 Option A Average Final Compensation: $6,997.31 Monthly Pension Amount: $3,756.72 ($6,997.31 X 60% X .8948) Effective: July 4, 2025 VII. RECEIVE report of death. AUTHORIZE payment of the $5,000 death benefit and APPROVE continuation of pension to spouse. A. Case No. 2378 Janice Bruce – Died June 7, 2025 Monthly Pension Amount: $2,332.07 Option C Retirement Date: September 28, 2006 Pension to cease: June 30, 2025 B. Case No. 2378A Robert Bruce – Widower of Janice Bruce Monthly Pension Amount: $1,166.04 ($2,332.07 X 50%) Option C Effective: July 1, 2025 VIII. APPROVE continuation of pension to spouse. A. Case No. 2858 Michelle Keller – Died May 25, 2025 Monthly Pension Amount: $5,126.86 Option C Retirement Date: September 7, 2012 Pension to cease: May 31, 2025 B. Case No. 2858A Kirk Keller – Widower of Michelle Keller Monthly Pension Amount: $2,563.43 ($5,126.86 X 50%) Option C Effective: June 1, 2025 IX. 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. 1691 Wes Gray – Died June 4, 2025 Monthly Pension Amount: $654.48 Option A – Pending Spousal Application Retirement Date: April 2, 2014 Pension to cease: June 30, 2025 B. Case No. 3462 Billy Patterson – Died June 25, 2025 Monthly Pension Amount: $757.74 Option A – Pending Spousal Application Retirement Date: November 30, 2018 Pension to cease: June 30, 2025 C. Case No. 2114 Wayne Phea – Died June 5, 2025 Monthly Pension Amount: $1,627.38 Option A – Pending Spousal Application  Retirement Date: September 17, 2002 Pension to cease: June 30, 2025 X. APPROVE request of the following to terminate Vested Rights and commence retirement benefits. A. Case No. 3995 Barbara Willhite – Finance Years of Service: 5 Years, 11 Months Basis: Service Age: 65 Spouse: 65 No Option Average Final Compensation: $4,997.08 Monthly Pension Amount: $591.15 ($4,997.08 X 11.83%) Effective: July 1, 2025 B. Case No. 2569 Terrence Taylor – Planning Years of Service: 17 Years, 10 Months Basis: Service Age: 65 Spouse: 55 No Option Average Final Compensation: $5,933.49 Monthly Pension Amount: $2,116.48 ($5,933.49 X 35.67%) Effective: July 1, 2025 XI. RECEIVE Investment Consultant Report. A. Monthly Investment Report. XII. Comments from Board, Staff and Citizens. XIII. Adjournment.