Oklahoma City Employee Retirement System

OKLAHOMA CITY EMPLOYEE RETIREMENT SYSTEM FORMAL AGENDA January 08, 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 Matthew Boggs, Ex-officio Jeanna Jordan, ERS Manager Richard Mahoney, Assistant Municipal Counselor 200 N. Walker Avenue – 2nd Floor – City Clerk’s Conference Room  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.  OKLAHOMA CITY EMPLOYEE RETIREMENT SYSTEM FORMAL AGENDA 10:00 AM, January 08, 2026 City Clerk’s Conference Room 200 North Walker I. Call to Order. II. APPROVE meeting minutes from December 11, 2025. III. CONSENT DOCKET: A. Report of judgments purchased for the month of December 2025 in the amount of $131,302.51. B. Report of purchasing card transactions for the month of December 2025 in the amount of $1,626.01. IV. RATIFY APPROVALS: A. Payroll for the month of December 2025 in the amount of $4,230,065.01. V. APPROVE claims docket. A. Claims to be approved. VI. APPROVE the following applications for Service Retirement. A. Case No. 4105 Paul Bronson – General Services Years of Service: 38 Years, 0 Months Basis: Service Age: 62 Spouse: 63 Option B Average Final Compensation: $18,377.28 Monthly Pension Amount: $12,739.19 ($18,377.28 X 76% X .91211); or $12,537.14 with $30,000 Lump Sum Distribution Effective Date: January 2, 2026 B. Case No. 4106 John Bristol – General Services Years of Service: 12 Years, 7 Months Basis: Service Age: 66 Spouse: 66 Option A Average Final Compensation: $8,197.69 Monthly Pension Amount: $1,780.93 ($8,197.69 X 25.17% X .86312) Effective Date: January 16, 2026 C. Case No. 4107 Tammy Dornan – Courts Years of Service: 26 Years, 4 Months Basis: Service Age: 60 No Option Average Final Compensation: $5,239.35 Monthly Pension Amount: $2,759.57 ($5,239.35 X 52.67%); or $2,544.71  with $30,000 Lump Sum Distribution Effective Date: January 3, 2026 D. Case No. 4108 Angela Hamlin – Parks Years of Service: 41 Years, 11 Months Basis: Service Age: 63 No Option Average Final Compensation: $6,348.89 Monthly Pension Amount: $5,322.27 ($6.348.89 X 83.83%); or $5,097.06 with $30,000 Lump Sum Distribution Effective Date: January 9, 2026 E. Case No. 4109 Stacy Ingerson – Utilities Years of Service: 35 Years, 4 Months Basis: Service Age: 62 Spouse: 75 Option B Average Final Compensation: $8,728.46 Monthly Pension Amount: $5,904.21 ($8,728.46 X 70.67% X .95717) Effective Date: January 2, 2026 F. Case No. 4110 Kerry Johnson – Utilities Years of Service: 33 Years, 6 Months Basis: Service Age: 61 No Option Average Final Compensation: $6,088.62 Monthly Pension Amount: $4,079.38 ($6,088.62 X 67%) Effective Date: January 1, 2026 G. Case No. 4111 Daniel Keeth – Parks Years of Service: 13 Years, 8 Months Basis: Service Age: 63 Spouse: 58 No Option Average Final Compensation: $7,647.47 Monthly Pension Amount: $1,922.85 ($7,647.47 X 27.33% less 8% for early retirement) Effective Date: January 16, 2026 H. Case No. 4112 Robert McLaughlin – General Services Years of Service: 38 Years, 3 Months Basis: Service Age: 67 Spouse: 68 Option A Average Final Compensation: $7,985.80 Monthly Pension Amount: $5,285.26 ($7,985.80 X 76.5% X .86514) Effective Date: January 30, 2026 I. Case No. 4113 John Reiss – Public Works  Years of Service: 40 Years, 1 Month Basis: Service Age: 62 Spouse: 64 Option C Average Final Compensation: $10,889.07 Monthly Pension Amount: $8,227.72 ($10,889.07 X 80.17% X .94249) Effective Date: January 17, 2026 J. Case No. 4114 Anita Rudd – Courts Years of Service: 26 Years, 10 Months Basis: Service Age: 70 No Option Average Final Compensation: $6,514.96 Monthly Pension Amount: $3,496.58 ($6,514.96 X 53.67%); or $3,236.91 with $30,000 Lump Sum Distribution Effective Date: January 3, 2026 K. Case No. 4115 Torin Walton – General Services Years of Service: 14 Years, 6 Months Basis: Service Age: 64 Spouse: 67 Option B Average Final Compensation: $5,593.29 Monthly Pension Amount: $1,424.28 ($5,593.29 X 29% X .91466 less 4% for early retirement) Effective Date: January 2, 2026 L. Case No. 4116 Keri Wise – Police Years of Service: 35 Years, 9 Months Basis: Service Age: 54 Spouse: 64 Option A Average Final Compensation: $11,375.05 Monthly Pension Amount: $7,673.15 ($11,375.05 X 71.5% X .94344) Effective Date: January 2, 2026 M. Case No. 4117 Len Tauer – Public Works Years of Service: 32 Years, 1 Month Basis: Service Age: 62 No Option Average Final Compensation: $8,385.27 Monthly Pension Amount: $5,380.83 ($8,385.27 X 64.17%); or $5,159.31 with $30,000 Lump Sum Distribution Effective Date: January 16, 2026 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. 2691 Stanley Frazee – Died December 19, 2025 Monthly Pension Amount: $2,716.28  No Option Retirement Date: June 2, 2010 Pension to cease: December 31, 2025 B. Case No. 1713 Jennone Jones – Died October 31, 2025 Monthly Pension Amount: $706.88 No Option Retirement Date: August 1, 1995 Pension to cease: October 31, 2025 C. Case No. 1694 Harry Lewellen – Died November 11, 2025 Monthly Pension Amount: $1,979.01 Option A – Pending Spousal Application Retirement Date: June 2, 1995 Pension to cease: November 30, 2025 D. Case No. 2243 Billie Smith – Died October 31, 2025 Monthly Pension Amount: $1,420.69 No Option Retirement Date: November 6, 2004 Pension to cease: October 31, 2025 E. Case No. 3992 Kenneth Stier – Died December 13, 2025 Monthly Pension Amount: $1,142.08 Option A – Pending Spousal Application Retirement Date: July 19, 2024 Pension to cease: December 31, 2025 VIII. APPROVE the following applications of Vested Rights. A. Case No. 4118 Robert Digby – Information Technology Years of Service: 8 Years, 4 Months Basis: Vested Rights Age: 40 Average Final Compensation: $3,380.31 Monthly Pension Amount: $563.50 ($3,380.31 X 16.67%) Effective: Age 65 B. Case No. 4119 Tracey Dolphin-Drees – Zoo Years of Service: 5 Years, 11 Months Basis: Vested Rights Age: 57 Average Final Compensation: $5,853.30 Monthly Pension Amount: $692.45 ($5,853.30 X 11.83%) Effective: Age 65 C. Case No. 4120 Shawn Donovan – Fire Years of Service: 5 Years, 7 Months Basis: Vested Rights Age: 55 Average Final Compensation: $5,348.62 Monthly Pension Amount: $597.44 ($5,348.62 X 11.17%) Effective: Age 65 D. Case No. 4121 Kevin Drees – Zoo Years of Service: 6 Years, 6 Months Basis: Vested Rights Age: 63 Average Final Compensation: $7,041.53 Monthly Pension Amount: $915.40 ($7,041.53 X 13%) Effective: Age 65 E. Case No. 4122 Ronda Dugone – Finance Years of Service: 10 Years, 7 Months Basis: Vested Rights Age: 63 Average Final Compensation: $6,067.20 Monthly Pension Amount: $1,284.43 ($6,067.20 X 21.17%) Effective: Age 65 F. Case No. 4123 Johnnie Finley III – Utilities Years of Service: 19 Years, 2 Months Basis: Vested Rights Age: 44 Average Final Compensation: $4,755.67 Monthly Pension Amount: $1,822.85 ($4,755.67 X 38.33%) Effective: Age 65 G. Case No. 4124 Michael First – Zoo Years of Service: 8 Years, 8 Months Basis: Vested Rights Age: 42 Average Final Compensation: $3,111.00 Monthly Pension Amount: $539.14 ($3,111.00 X 17.33%) Effective: Age 65 H. Case No. 4125 Calvin Franks – Courts Years of Service: 9 Years, 1 Month Basis: Vested Rights Age: 61 Average Final Compensation: $3,523.56 Monthly Pension Amount: $640.23 ($3,523.56 X 18.17%)  Effective: Age 65 I. Case No. 4126 Carlos Garcia – Parks Years of Service: 5 Years, 6 Months Basis: Vested Rights Age: 45 Average Final Compensation: $3,583.73 Monthly Pension Amount: $394.21 ($3,583.73 X 11%) Effective: Age 65 J. Case No. 4127 Kenneth Giannone – Utilities Years of Service: 7 Years, 2 Months Basis: Vested Rights Age: 59 Average Final Compensation: $8,243.29 Monthly Pension Amount: $1,181.26 ($8,243.29 X 14.33%) Effective: Age 65 K. Case No. 4128 Jennifer Green – City Clerk Years of Service: 8 Years, 8 Months Basis: Vested Rights Age: 48 Average Final Compensation: $5,236.54 Monthly Pension Amount: $907.49 ($5,236.54 X 17.33%) Effective: Age 65 L. Case No. 4129 Marschelle Harris – Development Services Years of Service: 22 Years, 4 Months Basis: Vested Rights Age: 54 Average Final Compensation: $6,040.86 Monthly Pension Amount: $2,698.45 ($6,040.86 X 44.67%) Effective: Age 65 M. Case No. 4130 Stephany Hernandez – Zoo Years of Service: 5 Years, 0 Months Basis: Vested Rights Age: 37 Average Final Compensation: $3,018.44 Monthly Pension Amount: $301.84 ($3,018.44 X 10%) Effective: Age 65 N. Case No. 4131 Pei January – Public Works Years of Service: 5 Years, 8 Months Basis: Vested Rights Age: 52  Average Final Compensation: $9,621.43 Monthly Pension Amount: $1,090.11 ($9,621.43 X 11.33%) Effective: Age 65 O. Case No. 4132 Katherine Jones – Police Years of Service: 11 Years, 7 Months Basis: Vested Rights Age: 40 Average Final Compensation: $3,785.88 Monthly Pension Amount: $877.19 ($3,785.88 X 23.17%) Effective: Age 65 IX. APPROVE request of the following to terminate Vested Rights and commence retirement benefits. A. Case No. 3136 Traci Apple – Utilities Years of Service: 16 Years, 8 Months Basis: Service Age: 61 Spouse: 62 No Option Average Final Compensation: $5,427.35 Monthly Pension Amount: $1,519.51 ($5,427.35 X 33.33% less 16% for early retirement) Effective: October 8, 2025 X. INDIVIDUAL CONSIDERATION: A. Interest rate to be applied to Employee Contributions for the period January 1, 2025 through December 31, 2025. B. Cost of Living Adjustment (COLA) be granted to eligible retirees effective January 1, 2026. C. Contract for medical examinations and evaluations of applicants for disability retirements with Independent Medical Examinations, LLC, January 1, 2026 through December 31, 2027. D. Amendment No. Seven with Davis Graham & Stubbs LLP for professional legal services, January 1, 2026 through December 31, 2026, estimated cost of $40,000 per year. E. Approve Private Equity Fund commitment of $5 million to TrueBridge Secondaries Fund II. F. Approve Private Equity Fund commitment of $11.25 million to Francisco Partners Fund VIII. G. Approve Private Equity Fund commitment of $3.75 million to Francisco Partners Agility Fund IV.  H. Approve sending Aimee Maddera and Jeanna Jordan to the National Conference on Public Employee Retirement Systems Communications & Member Services Summit in San Diego, California, March 2-4, 2026. XI. RECEIVE Investment Consultant Report. A. Monthly Investment Report. XII. Comments from Board, Staff and Citizens. XIII. Adjournment.