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Oklahoma City Deferred Compensation Board elects vice chair, ratifies investment participation and plan agreements
Summary
At a March 3, 2025 special meeting the Oklahoma City Deferred Compensation Board elected Scott Pope as vice chair, approved minutes and passed two resolutions ratifying participation agreements for collective investment trusts and plan/trust/custody agreements for the city’s deferred compensation plans.
Scott Pope was elected vice chair of the Oklahoma City Deferred Compensation Board during a special meeting on March 3, 2025, and the board approved minutes and two resolutions ratifying previously executed participation and plan agreements.
The board’s chair called the special meeting to order at 1:00 p.m. and a board member nominated Scott Pope for vice chair. The board voted and the election “passes,” with the chair saying the vote was unanimous. The board also approved the minutes from its Nov. 20, 2024 meeting.
The board then passed a resolution ratifying actions taken by the chair on Dec. 18, 2024 to execute participation agreements and applications for several collective investment trusts (CITs) and related documents. The ratified items listed by staff included participation agreements and applications for a Columbia CIT, a JPMorgan Chase commingled pension trust fund, a Northern Trust S&P 500 index collective fund custody agreement, a PIMCO diversified real asset collective trust application, a Pioneer multi-sector fixed income participation agreement, a joiner agreement with State Street Global Advisors Trust Company investment funds, and the Schwab Personal Choice Retirement Account (PCRA) plan application and agreement.
A second resolution, also passed, ratified the chair’s execution of required plan agreements, trust agreements and custody agreements for the city’s deferred compensation plans effective Dec. 18, 2024. Staff identified the affected plans as the Oklahoma City 457 deferred compensation plan, the money purchase plan (open) and the money purchase plan (closed).
All motions reported in the meeting record were approved. The chair and staff indicated the votes passed; no formal roll-call vote totals or names of movers and seconders were recorded in the public transcript.
The board moved on after the ratifications to receive presentations from the recordkeeper and the investment consultant.
