Oklahoma City Employee Retirement System

OKLAHOMA CITY EMPLOYEE RETIREMENT SYSTEM FORMAL AGENDA September 11, 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, September 11, 2025 City Council Chamber 200 North Walker I. Call to Order. II. APPROVE meeting minutes from August 14, 2025. III. CONSENT DOCKET: A. Report of judgments purchased for the month of August 2025 in the amount of $400,337.89. B. Report of purchasing card transactions for August 2025 in the amount of $112.58. C. Alphabet, Inc. securities settlement payment in the amount of $4,121.75. D. Earnest Partners commission recapture for June 2025 in the amount of $176.95. IV. RATIFY APPROVALS: A. Payroll for the month of August 2025 in the amount of $4,247,193.26. B. The action of the Secretary and Administrator in modifying the application due to a change in the Average Final Compensation, Effective Date, and Monthly Pension Amount. 1. Case No. 3938 Nancy Borum – Police Years of Service: 24 Years, 9 Months Basis: Service Age: 64 Not Married Average Final Compensation: From: $4,643.35 To: 4,642.02 Monthly Pension Amount: From: $2,206.52 ($4,643.35 X 49.5% less 4% for early retirement) To: $2,205.89 ($4,642.02 X 49.5% less 4% for early retirement). Effective: November 17, 2023 2. Case No. 3940 Kenneth Brown – Utilities Years of Service: 20 Years, 3 Months Basis: Service Age: 67 Not Married Average Final Compensation: From: $5,124.77 To: $5,139.13 Monthly Pension Amount: From: $2,075.53 ($5,124.77 X 40.5%); or $1,832.76 with $30,000 Lump Sum Distribution Monthly Pension Amount: To: $2,081.35 ($5,139.13 X 40.5%); or $1,838.58 with $30,000 Lump Sum Distribution Effective: November 3, 2023 3. Case No. 3946 Leatta Burke – Utilities Years of Service: 13 Years, 0 Months Basis: Service Age: 67 Spouse: 62 Option C Average Final Compensation: From: $4,549.76 To: $4,570.87 Monthly Pension Amount: From: $1,069.92 ($4,549.76 X 26% X .90446) To: $1,074.89 ($4,570.87 X 26% X .90446) Effective: December 29, 2023 4. Case No. 3941 Jacobo Cardoza – Golf Years of Service: 25 Years, 1 Month Basis: Service Age: 60 Not Married Average Final Compensation: $3,494.66 Monthly Pension Amount: $1,753.27 ($3,494.66 X 50.17%) Effective: From: November 10, 2023 To: November 11, 2023 5. Case No. 3947 Carol Hargraves – Police Years of Service: 13 Years, 8 Months Basis: Service Age: 69 Not Married Average Final Compensation: From: $4,254.10 To: $4,276.15 Monthly Pension Amount: From: $1,162.65 ($4,254.10 X 27.33%); or $909.04 with $30,000 Lump Sum Distribution Monthly Pension Amount: To: $1,168.67 ($4,276.15 X 27.33%); or $915.06 with $30,000 Lump Sum Distribution Effective: December 1, 2023 6. Case No. 3950 Gerald Krausz – Zoo Years of Service: 40 Years, 8 Months Basis: Service Age: 65 Spouse: 59 No Option Average Final Compensation: From: $4,533.41 To: $4,541.87 Monthly Pension Amount: From: $3,687.02 ($4,533.41 X 81.33%) To: $3,693.90 ($4,541.87 X 81.33%) Effective: December 29, 2023 7. Case No. 3949 Brad Lock – Zoo Years of Service: 5 Years, 9 Months Basis: Service Age: 65 Spouse: 60 Option A Average Final Compensation: From: $5,911.53 To: $5,913.66 Monthly Pension Amount: From: $569.96 ($5,911.53 X 11.5% X .83838) To: $570.16 ($5,913.66 X 11.5% X .83838) Effective: From: December 15, 2023 To: December 16, 2023  8. Case No. 3901 Larry O’Brien – Utilities Years of Service: 29 Years, 5 Months Basis: Service Age: 50 Spouse: 50 Option C Average Final Compensation: From: $7,924.27 To: $7,930.30 Monthly Pension Amount: From: $4,480.08 ($7,924.27 X 58.83% X .96101) To: $4,483.50 ($7,930.30 X 58.83% X .96101) Effective: From: May 6, 2023 To: May 12, 2023 V. APPROVE claims docket. A. Claims to be approved. VI. APPROVE the following applications for Service Retirement. A. Case No. 4081 Donald Clements – Public Works Years of Service: 6 Years, 10 Months Basis: Service Age: 57 Spouse: 57 Option A Average Final Compensation: $3,516.29 Monthly Pension Amount: $294.55 ($3,516.29 X 13.67% less 32% for early retirement X .901160) Effective: August 3, 2022 B. Case No. 4082 Samuel Slaydon – General Services Years of Service: 16 Years, 6 Months Basis: Service Age: 65 Spouse: 54 Option C Average Final Compensation: $8,950.76 Monthly Pension Amount: $2,734.40 ($8,950.76 X 33% X .92574) Effective: September 12, 2025 VII. 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. 2233 Barbara Armstrong – Died August 03, 2025 Monthly Pension Amount: $1,633.37 No Option Retirement Date: August 13, 2004 Pension to cease: August 31, 2025 B. Case No. 3144 Irelene Johnson-Allen – Died August 16, 2025 Monthly Pension Amount: $1,020.47 No Option Retirement Date: December 20, 2015 Pension to cease: August 31, 2025  C. Case No. 2585 Robert Mier – Died June 1, 2025 Monthly Pension Amount: $4,666.43 Option A – Pending Spousal Application Retirement Date: May 13, 2009 Pension to cease: June 30, 2025 D. Case No. 1999 James Sherfield – Died June 1, 2025 Monthly Pension Amount: $2,687.74 Option B – Pending Spousal Application Retirement Date: May 11, 2001 Pension to cease: June 30, 2025 VIII. RECEIVE report of death. AUTHORIZE Secretary to make necessary changes to conform on the following. A. Case No. 3668A Emma Baquera – Died August 25, 2025 Monthly Pension Amount: $1,085.05 No Option Pension to cease: August 31, 2025 B. Case No. 1757A Shirley Stewart – Died August 6, 2025 Monthly Pension Amount: $968.65 No Option Pension to cease: August 31, 2025 IX. INDIVIDUAL CONSIDERATION: A. Approve training request to send Jeanna Jordan to the International Foundation of Employee Benefit Plans New Trustees Institute – Level I: Core Concepts training in Orlando, Florida, February 23-25, 2026. X. RECEIVE Investment Consultant Report. A. Monthly Investment Report. XI. Comments from Board, Staff and Citizens. XII. Adjournment.