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Votes at a glance: OKC deferred compensation board approves minutes, accepts investment report, admits collective investment funds into plan documents
Summary
The board approved minutes from its May 21 meeting, voted to receive the investment consultant report and approved amended attachments to incorporate collective investment trusts into plan documents; staff also flagged a possible October special meeting on a fund merger request.
At its Aug. 20 meeting the Oklahoma City Deferred Compensation Board took three formal actions: it approved minutes from the May 21, 2025 meeting; it voted to receive the investment consultant report from ACG; and it approved amended attachments and an addendum to incorporate collective investment trusts and related instruments into the money purchase (open and closed) and deferred compensation plans.
Votes at a glance
- Approve minutes from May 21, 2025: Motion introduced and passed by voice vote; no roll-call tally recorded in the transcript. (Topic intro: board called the meeting and listed item 2 to approve minutes.)
- Receive investment consultant report (ACG): Motion made and seconded; chair noted the motion and the item passed. (Topic intro: Jason Pujols presented the consultant report; later the board moved to receive the report.)
- Approve amended attachments and addendum to add collective investment funds into plan documents: Motion made and passed by voice vote; the board treated this as a continuation of a prior ratification from March to incorporate CITs into the plans.
None of the recorded motions in the transcript included mover/second names or a roll-call vote tally. The transcript records the chair calling for and announcing the voice votes and that each item passed.
Staff follow-up note
Retirement office staff and legal counsel told trustees they are processing a request from the Central Oklahoma Transportation and Parking Authority (COPPA) to merge assets from a prior vendor into the Oklahoma City plans. Staff said COPPA joined the city plans in January but still has frozen accounts with prior vendors and that the administrative steps may require a special board meeting in October to consider acceptance of those assets, should the COPPA board act in a way that requires trustee review.
No ordinance, statute or resolution numbers were provided in the transcript for the actions taken.
