Oklahoma City Employee Retirement System

OKLAHOMA CITY EMPLOYEE RETIREMENT SYSTEM FORMAL AGENDA December 11, 2025 10:00 AM Paul Bronson, Chair Brent Bryant, Vice-Chair Board Members: Bruce Davis Sri Jonnada Aimee Maddera Joanna McSpadden Karla Nickels Randy Thurman Matt Weller Vacancy 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, December 11, 2025 City Council Chamber 200 North Walker I. Call to Order. II. From the Vice-Chairman of the Board. A. Resolution of Appreciation for Paul Bronson for his dedicated service on the Oklahoma City Employee Retirement System Board of Trustees. III. APPROVE meeting minutes from November 13, 2025. IV. CONSENT DOCKET: A. Report of judgments purchased for the month of November 2025 in the amount of $406,725.32. B. Report of purchasing card transactions for November 2025 in the amount of $1,271.31. C. Report of employee reimbursements for November 2025 in the amount of $629.14. D. Oklahoma City Employee Retirement System election results. E. 3D Systems Corporation securities settlement payment in the amount of $18.01. F. Textron Inc. securities settlement payment in the amount of $64.16. G. Earnest Partners commission recapture in the amount of $293.67. H. Emergent BioSolutions Inc. securities settlement payment in the amount of $2,936.76. V. RATIFY APPROVALS: A. Payroll for the month of November 2025 in the amount of $4,237,794.35. VI. APPROVE claims docket. A. Claims to be approved. VII. APPROVE the following applications for Service Retirement. A. Case No. 4098 Richard Cole – Public Works Years of Service: 26 Years, 2 Months Basis: Service Age: 55 No Option Average Final Compensation: $5,745.65 Monthly Pension Amount: $3,006.70 ($5,745.65 X 52.33%); or $2,805.09 with $30,000 Lump Sum Distribution Effective Date: December 2, 2025  B. Case No. 4099 Douglas Dowler – Finance Years of Service: 28 Years, 2 Months Basis: Service Age: 59 Spouse: 58 Option A Average Final Compensation: $17,478.22 Monthly Pension Amount: $8,754.60 ($17,478.22 X 56.33% X .8892) Effective Date: December 5, 2025 C. Case No. 4100 James Johnson – Parks Years of Service: 10 Years, 0 Months Basis: Service Age: 66 Spouse: 67 Option A Average Final Compensation: $4,223.16 Monthly Pension Amount: $734.40 ($4,223.16 X 20% X .86949) Effective Date: December 6, 2025 D. Case No. 4101 Richard Kitchen – Finance Years of Service: 12 Years, 8 Months Basis: Service Age: 65 Spouse: 66 Option A Average Final Compensation: $10,996.84 Monthly Pension Amount: $2,433.86 ($10,996.84 X 25.33% X .87376) Effective Date: December 5, 2025 E. Case No. 4102 Michael Miller – Development Services Years of Service: 25 Years, 0 Months Basis: Service Age: 52 Spouse: 49 Option A Average Final Compensation: $10,704.89 Monthly Pension Amount: $4,871.69 ($10,704.89 X 50% X .91018); or $4,693.80 with $30,000 Lump Sum Distribution Effective Date: December 19, 2025 F. Case No. 4103 Stephan Price – Public Works Years of Service: 6 Years, 7 Months Basis: Service Age: 69 No Option Average Final Compensation: $3,264.54 Monthly Pension Amount: $429.94 ($3,264.54 X 13.17%) Effective Date: December 11, 2025 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. 2322 Henry Moore – Died November 12, 2025 Monthly Pension Amount: $1,629.71 No Option Retirement Date: November 4, 2006 Pension to cease: November 30, 2025  B. Case No. 1577 Charles Mundell – Died October 26, 2025 Monthly Pension Amount: $2,146.48 Option C – Spouse Predeceased Retirement Date: April 1, 1992 Pension to cease: October 31, 2025 IX. RECEIVE report of death. AUTHORIZE Secretary to make necessary changes to conform on the following. A. Case No. 2142A Roy Horn – Died December 31, 2024 Monthly Pension Amount: $1,568.58 No Option Pension to cease: December 31, 2024 X. APPROVE the following applications of Vested Rights. A. Case No. 4104 Scott Brown – Utilities Years of Service: 6 Years, 11 Months Basis: Vested Rights Age: 57 Spouse: 47 Average Final Compensation: $5,890.28 Monthly Pension Amount: $814.63 ($5,890.28 X 13.83%) Effective: Age 65 XI. APPROVE request of the following to terminate Vested Rights and commence retirement benefits. A. Case No. 4104 Scott Brown – Utilities Years of Service: 6 Years, 11 Months Basis: Service Age: 57 Spouse: 47 Option B Average Final Compensation: $5,890.28 Monthly Pension Amount: $496.10 ($5,890.28 X 13.83% less 32% for early retirement X .89557) Effective: December 7, 2025 B. Case No. 4096 Jerry Russell – Utilities Years of Service: 15 Years, 11 Months Basis: Service Age: 55 Spouse: 49 No Option Average Final Compensation: $6,472.05 Monthly Pension Amount: $1,236.03 ($6,472.05 X 31.83% less 40% for early retirement) Effective: July 4, 2025 XII. INDIVIDUAL CONSIDERATION: A. Receive the Oklahoma City Employee Retirement System Board 2026 regular meeting schedule. XIII. RECEIVE Investment Consultant Report. A. Monthly Investment Report. XIV. ELECT a Chair for the term January 1, 2026 to December 31, 2026. XV. ELECT a Vice-Chair for the term January 1, 2026 to December 31, 2026. XVI. Comments from Board, Staff and Citizens. XVII. Adjournment.