Oklahoma City Employee Retirement System

OKLAHOMA CITY EMPLOYEE RETIREMENT SYSTEM FORMAL AGENDA February 12, 2026 10:00 AM Aimee Maddera , Chair Joanna McSpadden, Vice-Chair Board Members: Taylor Atherton Brent Bryant Nagesh Chopra Bruce Davis Sri Jonnada Karla Nickels Randy Thurman Matt Weller Vacancy Amy K. Simpson, Ex-officio Jeanna Jordan, ERS Manager Richard Mahoney, Assistant Municipal Counselor 200 N. Walker Avenue – 3rd Floor – City Council Chambers  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, February 12, 2026 City Council Chambers 200 North Walker I. Call to Order. II. APPROVE meeting minutes from January 8, 2026. III. CONSENT DOCKET: A. Report of judgments purchased for the month of January 2026 in the amount of $299,542.88. B. Report of purchasing card transactions for the month of January 2026 in the amount of $1,960.43. C. A-Mark Precious Metals dividend payment in the amount of $229.20. IV. RATIFY APPROVALS: A. Payroll for the month of January 2026 in the amount of $4,370,783.16. V. APPROVE claims docket. A. Claims to be approved. VI. APPROVE the following applications for Service Retirement. A. Case No. 4133 Charles Allen – Golf Years of Service: 18 Years, 1 Month Basis: Service Age: 73 No Option Average Final Compensation: $3,170.60 Monthly Pension Amount: $1,146.81 ($3,170.60 X 36.17%) Effective Date: January 16, 2026 B. Case No. 4134 Traci Clark – Police Years of Service: 13 Years, 0 Months Basis: Service Age: 60 Spouse: 59 No Option Average Final Compensation: $6,046.67 Monthly Pension Amount: $1,257.70 ($6,046.67 X 26% less 20% for early retirement) Effective Date: February 13, 2026 C. Case No. 4135 Sherry Kendall – Utilities Years of Service: 29 Years, 3 Months Basis: Service Age: 56 Spouse: 55 Option B  Average Final Compensation: $6,755.18 Monthly Pension Amount: $3,651.72 ($6,755.18 X 58.5% X .92407); or $3,463.28 with $30,000 Lump Sum Distribution Effective Date: February 3, 2026 VII. APPROVE continuation of pension to spouse. A. Case No. 1694 Harry Lewellen – Died November 11, 2025 Monthly Pension Amount: $1,979.01 Option A Retirement Date: June 2, 1995 Pension to cease: November 30, 2025 B. Case No. 1694A Burlene Lewellen – Widow of Harry Lewellen Monthly Pension Amount: $1,979.01 ($1,979.01 X 100%) Option A Effective: December 1, 2025 C. Case No. 3992 Kenneth Stier – Died December 13, 2025 Monthly Pension Amount: $1,142.08 Option A Retirement Date: July 19, 2024 Pension to cease: December 31, 2025 D. Case No. 3992A Carol Stier – Widow of Kenneth Stier Monthly Pension Amount: $1,142.08 ($1,142.08 X 100%) Option A Effective: January 1, 2026 VIII. RECEIVE report of death. AUTHORIZE payment of the $5,000 death benefit and APPROVE continuation of pension to spouse. A. Case No. 2405 Harley Cox – Died January 13, 2026 Monthly Pension Amount: $2,735.79 Option C Retirement Date: February 9, 2007 Pension to cease: January 31, 2026 B. Case No. 2405A Brenda Cox – Widow of Harley Cox Monthly Pension Amount: $1,367.90 ($2,735.79 X 50%) Option C Effective: February 1, 2026 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. 1703 Willie Hearn – Died January 12, 2026 Monthly Pension Amount: $943.25 No Option Retirement Date: July 15, 1995 Pension to cease: January 31, 2026 B. Case No. 2693 Steven Jackson – Died January 15, 2026 Monthly Pension Amount: $4,596.76 Option B – Not Married Retirement Date: May 22, 2010 Pension to cease: January 31, 2026 C. Case No. 2532 Algernon Prince – Died January 2, 2026 Monthly Pension Amount: $2,405.53 Option A – Pending Spousal Application Retirement Date: July 2, 2008 Pension to cease: January 31, 2026 X. RECEIVE report of death. AUTHORIZE Secretary to make necessary changes to conform on the following. A. Case No. 2152A Leota Barnhill – Died January 14, 2026 Monthly Pension Amount: $1,813.36 No Option Pension to cease: January 31, 2026 XI. APPROVE the following applications of Vested Rights. A. Case No. 4137 Terry Bettes – Utilities Years of Service: 24 Years, 3 Months Basis: Vested Rights Age: 63 Average Final Compensation: $8,304.60 Monthly Pension Amount: $4,027.73 ($8,304.60 X 48.5%) Effective: Age 65 B. Case No. 4138 Christy Jameson – Finance Years of Service: 11 Years, 11 Months Basis: Vested Rights Age: 55 Average Final Compensation: $10,398.71 Monthly Pension Amount: $2,478.01 ($10,398.71 X 23.83%) Effective: Age 65 C. Case No. 4139 George Joseph – Transit  Years of Service: 5 Years, 8 Months Basis: Vested Rights Age: 56 Average Final Compensation: $4,848.18 Monthly Pension Amount: $549.30 ($4,848.18 X 11.33%) Effective: Age 65 D. Case No. 4140 Jack King – Planning Years of Service: 9 Years, 3 Months Basis: Vested Rights Age: 47 Average Final Compensation: $4,211.05 Monthly Pension Amount: $779.04 ($4,211.05 X 18.5%) Effective: Age 65 E. Case No. 4141 Gregory Little – Public Works Years of Service: 7 Years, 7 Months Basis: Vested Rights Age: 38 Average Final Compensation: $5,845.81 Monthly Pension Amount: $886.81 ($5,845.81 X 15.17%) Effective: Age 65 F. Case No. 4142 Jarrod Norris – Public Works Years of Service: 9 Years, 10 Months Basis: Vested Rights Age: 47 Average Final Compensation: $7,288.32 Monthly Pension Amount: $1,433.61 ($7,288.32 X 19.67%) Effective: Age 65 G. Case No. 4143 Latisha Thompson – Finance Years of Service: 7 Years, 3 Months Basis: Vested Rights Age: 53 Average Final Compensation: $7,909.07 Monthly Pension Amount: $1,146.82 ($7,909.07 X 14.5%) Effective: Age 65 XII. INDIVIDUAL CONSIDERATION: A. Disability in the Line of Duty Allowance. 1. Receive a presentation from Marsha Miner or their representative concerning their application for a Disability In the Line of Duty Allowance as permitted under the Disability Allowance provisions of Section 40-106, et seq. of the Oklahoma City Municipal Code, 2020, as amended.  AND/OR 2. Enter into Executive Session with the Municipal Counselor to discuss said application of Disability In the Line of Duty as authorized by 25 O.S. (2025 Supp.) § 307 (B)(4) and (B)(7) because public disclosure of certain health related information that will be discussed with the Board would violate confidentiality requirements of state and federal law and to have confidential communications with legal counsel to discuss pending claim because disclosure would impair the ability to process the claim and conduct the investigation of the claim. AND/OR 3. Consider for APPROVAL/DENIAL the application of Disability In The Line Of Duty for Marsha Miner. B. Approve Oklahoma City Employee Retirement System (OCERS) staff pay plan retroactive to July 1, 2025. XIII. RECEIVE Investment Consultant Reports. A. Investment Report – Review of the Asset Allocation. B. Monthly Investment Report. C. Quarterly Investment Report. XIV. Comments from Board, Staff and Citizens. XV. Adjournment.