Oklahoma City Employee Retirement System

OKLAHOMA CITY EMPLOYEE RETIREMENT SYSTEM FORMAL AGENDA March 13, 2025 10:00 AM Paul Bronson, Chair Brent Bryant, Vice­Chair Board Members: Bruce Davis Doug Dowler Sri Jonnada Aimee Maddera Karla Nickels JC Reiss Randy Thurman Matt Weller Vacancy Amy K. Simpson, Ex­officio Matthew Boggs, Ex­officio 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 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, March 13, 2025 City Council Chamber 200 North Walker I. Call to Order. II. APPROVE minutes of meeting of February 13, 2025. III. CONSENT DOCKET: A. Report of judgments purchased for the month of February 2025 in the amount of $1,225,036.33. B. Report of purchasing card transactions for the period ending February 25, 2025 in the amount of $2,052.40. 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, March 13, 2025 City Council Chamber 200 North Walker I. Call to Order. II. APPROVE minutes of meeting of February 13, 2025. III. CONSENT DOCKET: A. Report of judgments purchased for the month of February 2025 in the amount of $1,225,036.33. B. Report of purchasing card transactions for the period ending February 25, 2025 in the amount of $2,052.40. C. ARCP class action settlement proceeds in the amount of $18.00. D. A­Mark Precious Metals dividend payment in the amount of $229.20. E. Earnest Partners commission recapture proceeds in the amount of $723.96. IV. RATIFY APPROVALS: A. Payroll for the month of February 2025 in the amount of $4,219,588.88. V. APPROVE claims docket. A. Claims to be approved. VI. APPROVE the following applications for Service Retirement. A. Case No. 4039 Kelly High – Utilities Years of Service: 24 Years, 0 Months Basis: Service Age: 62 Spouse: 63 Option C Average Final Compensation: $4,933.64 Monthly Pension Amount: $1,958.18 ($4,933.64 X 48% X .93964 less 12% for early retirement) Effective: March 26, 2025 B. Case No. 4040 Marsha Keel – Utilities Years of Service: 33 Years, 0 Months Basis: Service Age: 62 Not Married Average Final Compensation: $5,828.93 Monthly Pension Amount: $3,847.09 ($5,828.93 X 66%); or $3,625.57 with $30,000 Lump Sum Distribution Effective: January 28, 2025 C. Case No. 4041 Francisco Manzo – Information Technology  $30,000 Lump Sum Distribution Effective: January 28, 2025 C. Case No. 4041 Francisco Manzo – Information Technology Years of Service: 26 Years, 0 Months Basis: Service Age: 66 Spouse: 69 No Option Average Final Compensation: $6,756.13 Monthly Pension Amount: $3,513.19 ($6,756.13 X 52%) Effective: March 7, 2025 D. Case No. 4042 Janet McWilliams – Audit Years of Service: 16 Years, 1 Month Basis: Service Age: 66 Spouse: 66 Option B Average Final Compensation: $11,771.56 Monthly Pension Amount: $3,384.36 ($11,771.56 X 32.17% X .8937) Effective: March 28, 2025 E. Case No. 4043 Cara Robertson – Police Years of Service: 11 Years, 2 Months Basis: Service Age: 65 Spouse: 67 Option C Average Final Compensation: $4,264.95 Monthly Pension Amount: $891.46 ($4,264.95 X 22.33% X .93605) Effective: March 28, 2025 VII. APPROVE continuation of pension to spouse. A. Case No. 1741 Herman Walker – Died January 20, 2025 Monthly Pension Amount: $1,236.98 Option B Retirement Date: June 14, 1996 Pension to cease: January 31, 2025 B. Case No. 1741A Gloria Walker – Widow of Herman Walker Monthly Pension Amount: $927.74 ($1,236.98 X 75%) Option B Effective: February 1, 2025 C. Case No. 2133 Boyd West – Died January 22, 2025 Monthly Pension Amount: $844.26 Option A Retirement Date: January 30, 2014 Pension to cease: January 31, 2025 D. Case No. 2133A Laura West – Widow of Boyd West Monthly Pension Amount: $844.26 ($844.26 X 100%)  Retirement Date: January 30, 2014 Pension to cease: January 31, 2025 D. Case No. 2133A Laura West – Widow of Boyd West Monthly Pension Amount: $844.26 ($844.26 X 100%) Option A Effective: February 1, 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. 2834 Joe Case – Died February 23, 2025 Monthly Pension Amount: $843.90 Option B – Pending Spousal Application Retirement Date: March 10, 2012 Pension to cease: February 28, 2025 B. Case No. 3135 David Greb – Died February 5, 2025 Monthly Pension Amount: $1,371.99 No Option Retirement Date: December 18, 2015 Pension to cease: February 28, 2025 C. Case No. 2274 Cleo Henderson – Died February 24, 2025 Monthly Pension Amount: $529.10 No Option Retirement Date: January 30, 2005 Pension to cease: February 28, 2025 D. Case No. 3767 Luis Mata – Died January 26, 2025 Monthly Pension Amount: $2,258.24 Option B – Pending Spousal Application Retirement Date: October 29, 2021 Pension to cease: January 31, 2025 (Payment stopped for February 28, 2025) E. Case No. 2352 Barbara Parker – Died February 6, 2025 Monthly Pension Amount: $1,879.21 No Option Retirement Date: April 4, 2006 Pension to cease: February 28, 2025 F. Case No. 2944 North Stair – Died January 23, 2025 Monthly Pension Amount: $7,091.33 No Option Retirement Date: August 23, 2013 Pension to cease: January 31, 2025 (Payment returned for February 28, 2025)  North Stair – Died January 23, 2025 Monthly Pension Amount: $7,091.33 No Option Retirement Date: August 23, 2013 Pension to cease: January 31, 2025 (Payment returned for February 28, 2025) G. Case No. 2860 Claudine Vails – Died February 10, 2025 Monthly Pension Amount: $2,001.95 No Option Retirement Date: September 1, 2012 Pension to cease: February 28, 2025 IX. RECEIVE report of death. AUTHORIZE Secretary to make necessary changes to conform on the following. A. Case No. 1550A E June Armstrong – Died February 22, 2025 Monthly Pension Amount: $1,278.64 No Beneficiary Pension to cease: February 28, 2025 B. Case No. 1126A Barbara Parker – Died February 6, 2025 Monthly Pension Amount: $1,879.21 No Beneficiary Pension to cease: February 28, 2025 X. INDIVIDUAL CONSIDERATION: A. Approval of sending attendee(s) to the International Foundation for Employee Benefit Plans' training program to pursue the Public Plan Trustees Institute, July 15­July16, 2025 in Chicago, Illinois. B. Approve updated Board of Trustees of the Oklahoma City Employee Retirement System Election Guidelines. C. Approve Investment Policy Statement. XI. RECEIVE Investment Consultant Report. A. Monthly Investment Report. XII. Comments from Board, Staff and Citizens. XIII. Adjournment.