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Board approves administrative-service amendments and FY2026 contracts
Summary
The Oklahoma City Deferred Compensation Board approved an amendment to the administrative services agreement effective May 1, 2025, and approved administrative agreements for fiscal year 2026, including an agreement with the Central Oklahoma Transportation and Parking Authority.
The Oklahoma City Deferred Compensation Board approved administrative-service items on May 21, 2025, including an amendment effective May 1, 2025, and service agreements for fiscal year 2026.
The board passed Amendment No. 1 to the administrative services agreement between the Oklahoma City Deferred Compensation Board, the City of Oklahoma City Employee Retirement System, and the City of Oklahoma City for the 457 deferred compensation plan and the money purchase plans; the amendment was recorded as effective May 1, 2025. The board also approved administrative services agreements for fiscal year 2026 (July 1, 2025–June 30, 2026) and an agreement involving the Central Oklahoma Transportation and Parking Authority to provide administration for the 457 and money purchase plans for fiscal year 2026.
The transcript records that each item passed; mover, second and vote tallies were not specified. The items were listed under agenda item 5 as administrative-service agreements and were acted on in sequence.
Board members briefly offered thanks to Voya and recognized a new board member, Eric Vander Seifen, who was welcomed at the meeting. The meeting adjourned at 2:38 p.m.
