OFFICIAL MINUTES OF REGULAR MEETING OF THE STERLING HEIGHTS GENERAL EMPLOYEE S RETIREMENT SYSTEM. Thursday, December 15, 2016
|
|
- Leslie Edwards
- 5 years ago
- Views:
Transcription
1 OFFICIAL MINUTES OF REGULAR MEETING OF THE STERLING HEIGHTS GENERAL EMPLOYEE S RETIREMENT SYSTEM Thursday, December 15, 2016 Location: Room # Utica Road, Sterling Heights, MI (586) Chairperson Weiler called the meeting to order at 1:33 p.m. BOARD MEMBERS PRESENT: BOARD MEMBERS ABSENT: Rich Weiler, Chairperson Brian Baker, Secretary Jennifer Varney, Acting Secretary / Treasurer Todd Marsh, Trustee Paul Henig, Trustee None. ALSO PRESENT: Walt Hessell, Pension Administrator; Thomas Michaud, Legal Counsel, VanOverbeke, Michaud & Timmony, P.C., Timothy Brice, Institutional Consulting Director, Morgan Stanley Graystone Consulting The Brice Group APPROVAL OF AGENDA: Motion by Marsh, supported by Henig, to approve the agenda as presented. APPROVAL OF MINUTES: Motion by Henig, supported by Marsh, to approve the minutes of the regular meeting held November 17, 2016 and the special meeting of November 30, COMMUNICATION FROM CITIZENS: None PRESENTATION FROM TIM BRICE MORGAN STANLEY GRAYSTONE CONSULTING In follow up from the special meeting of November 30 th, Brice distributed the analysis of when to invest in Active vs. Passive. Over the last few years, passive investing has outperformed active however over the long term history, active style has the advantage. Morgan Stanley s proprietary model suggests that an optimal choice would include both active and passive allocations. The portfolio s active allocation would provide more downside support while the passive portion would provide greater fee efficiency and better consistency in the tracking of the benchmark. Discussion ensued and the Board by consensus agreed that active style investing may now be coming back into favor and that any additional portfolio allocation to passive should be done cautiously and on a limited basis. The Board directed Brice to refine the analysis that was presented and prepare specific recommendations for application to the portfolio. Motion by Varney, supported by Baker, to receive and file the Active vs. Passive analysis prepared by Tim Brice of Morgan Stanley Graystone Consulting. 1
2 REPORT FROM LEGAL COUNSEL Legislative Update Michaud reviewed the Michigan legislative update memo regarding the defeated HB 6074 which failed to pass in the lame duck session of the Michigan legislature. Michaud opined that as written the bill was inherently vague and would generate extensive litigation in the Courts as municipalities sought to implement the proposed law while retirees and active vested employees looked to retain retiree health care benefits earned. While the matter is now closed in lame duck session, Michaud commented that early in 2017 the issue will once again be revisited in the Michigan legislature. It is hoped that any proposed legislation at that point will be better thought out and an improvement over HB Motion by Varney, supported by Baker, to receive and file the legislative update memo from VanOverbeke Michaud & Timmony, P. C. Michaud also commented on items as they appeared on the agenda. RECOGNITION OF SERVICE BRIAN BAKER Motion by Henig, supported by Marsh, to present retiring Finance & Budget Director Brian Baker with following commemorative resolution in recognition of his years of service on the Sterling Heights General Employees Retirement System Board. TESTIMONIAL RESOLUTION OF APPRECIATION FOR TRUSTEE BRIAN BAKER City of Sterling Heights General Employees Retirement System December 15, 2016 WHEREAS, BRIAN BAKER SERVED THE CITY OF STERLING HEIGHTS GENERAL EMPLOYEES RETIREMENT SYSTEM AS A TRUSTEE PURSUANT TO APPLICABLE RETIREMENT SYSTEM PROVISIONS, AND WHEREAS, TRUSTEE BAKER IMMEDIATELY DISPLAYED AN UNDERSTANDING OF THE FIDUCIARY RESPONSIBILITIES A TRUSTEE MUST HAVE TO SERVE THE MEMBERS AND BENEFICIARIES OF THE RETIREMENT SYSTEM, AND WHEREAS, TRUSTEE BAKER CARRIED OUT HIS FIDUCIARY RESPONSIBILITIES WITH DEDICATION, SINCERITY, SCHOLARSHIP, HARD WORK AND HONOR AND HAS PROVIDED DISTINGUISHED SERVICE TO THE BOARD AND THE MEMBERS AND BENEFICIARIES OF THE RETIREMENT SYSTEM, AND WHEREAS, THE TRUSTEES, THE MEMBERS AND BENEFICIARIES OF THE RETIREMENT SYSTEM, THE CITY EMPLOYEES AND CITIZENRY OWE A DEBT OF GRATITUDE TO TRUSTEE BAKER FOR HIS SACRIFICE AND SERVICE TO THE RETIREMENT SYSTEM, THEREFORE BE IT 2
3 RESOLVED, THAT THE BOARD OF TRUSTEES, ON BEHALF OF ITSELF AND ALL CONCERNED, HEREBY EXPRESSES ITS GRATITUDE AND APPRECIATION TO TRUSTEE BAKER FOR HIS HONORABLE AND DISTINGUISHED SERVICE AS A TRUSTEE, AND BE IT FURTHER RESOLVED, THAT THE BOARD OF TRUSTEES, ON BEHALF OF ALL THE AFOREMENTIONED PARTIES, SAYS "THANK YOU FOR A JOB WELL DONE". CONSENT AGENDA: Motion by Henig, supported by Marsh, to receive and file consent items I A through I D-1. I. RECEIVE AND FILE: A. Benefit register listing for December 1, 2016 from Comerica Bank showing 356 active retirees with a payout for November 2016 of $880, and a year-to-date payout of $10,849, B. Cash and Asset Statements as of November 30, 2016 from Comerica Bank and Morgan Stanley showing a total market value of $105,360, comprised as follows: Desired Allocation Asset Class / Percentage 0% Cash 0.03% Comerica Bank $ 34, % Fixed Income 17.07% Boyd Watterson 17,986, % Fixed Income 8.98% Western 9,464, % Small Cap 17.13% Earnest Partners 18,049, % Large Cap Value 5.48% Confluence 5,769, % Large Cap Value 5.84% MFS 6,153, % 4.5% 2.9% Large Cap Growth 4.12% Large Cap Growth 3.44% Large Cap Growth 3.12% AMI Winslow Janus Capital 4,340, ,626, ,284, % Large Cap Core 6.95% London 7,322, % Large Cap Core 4.20% S&P Index 4,429, % 8.5% 4% 5% Large Cap Global 7.98% Large Cap Global 8.11% REITS 2.17% MLP s 5.38% INVESCO Cambiar Principal REIT Cushing Asset Mgt 8,404, ,542, ,284, ,667, C. Correspondence 1. Various securities litigation reports dated Q Fee information summary received from Morgan Stanley dated November 2, correspondence and letter sent to Morgan Stanley and Comerica Bank dated November 17, 2016 regarding the transfer of funds for the payment of benefits. 4. correspondence and letters sent to Morgan Stanley dated November 17, 2016 regarding the authorization for the payment of money manager fees. 3
4 5. Wire transfer confirmation received from Morgan Stanley dated November 18, 2016 for the payment of money manager fees. 6. correspondence with City Clerks Office dated November 21, 2016 regarding update to GERS Board contact info. 7. Wire transfer notification received from Morgan Stanley dated November 23, 2016 confirming the transfer of funds for the payment of benefits. 8. November 25, 2016 Settlement Report securities litigation. 9. Boyd Watterson Form ADV Part 2A dated November 30, Pension & Investments magazines dated November 14 & 28 and D. 1. Payable from City Assets for services rendered November 30, 2016: Actuarial fees from Gabriel Roeder Smith & Company in the amount of $3,200 for the IRS Section 415 Limit Recalculations for 2017 for Baker, Guitar, Coffin and Conigliaro. REGULAR AGENDA: II. NEW BUSINESS: A. Suspension of Retiree Benefits Motion by Henig, supported by Varney, to approve the suspension of benefits for the three following retirees who have not responded to the two retiree verification forms that were mailed to them: Howard Bacheller Arlene Graham Leonard Sposato B. Pension Administration Comments In follow up to the previous regular meeting, Hessell presented an informal report with regard to IRC Section 401(a)(9) compliance. Currently the system is in compliance with RMD required minimum distribution rules. Of special concern are former employees who have terminated with their employee contributions and interest remaining on deposit in the GERS. There are nine total terminated employees who fall within this classification. Michaud advised that communications with these members be made so as to address a refund / rollover of their contributions before their attainment of age 70 ½ (RMD mandated age). Hessell stated that he would work with Michaud in drafting an appropriate form letter. C. Trustee Comments None ADJOURN: Motion by Varney, supported by Weiler, to adjourn the meeting at 3:05 p.m. 4
5 Respectfully Submitted, Jennifer Varney, Acting Secretary / Treasurer 5
1. The regular meeting of the Police and Fire Retirement System was called to order by President Lamerato at 3:30 p.m.
REGULAR MEETING MINUTES OF THE STERLING HEIGHTS POLICE AND FIRE RETIREMENT SYSTEM, ACT 345 JANUARY 15, 2015 FIRE DEPARTMENT CONFERENCE ROOM 41625 RYAN ROAD STERLING HEIGHTS, MI 48313 1. The regular meeting
More information1. President Lamerato called the regular meeting of the Police and Fire Retirement System to order at 3:30 p.m.
REGULAR MEETING MINUTES OF THE STERLING HEIGHTS POLICE AND FIRE RETIREMENT SYSTEM, ACT 345 MAY 19, 2016 FIRE DEPARTMENT CONFERENCE ROOM 41625 RYAN ROAD STERLING HEIGHTS, MI 48314 1. President Lamerato
More information1. President Lamerato called the regular meeting of the Police and Fire Retirement System to order at 3:30 p.m.
REGULAR MEETING MINUTES OF THE STERLING HEIGHTS POLICE AND FIRE RETIREMENT SYSTEM, ACT 345 MARCH 17, 2016 FIRE DEPARTMENT CONFERENCE ROOM 41625 RYAN ROAD STERLING HEIGHTS, MI 48314 1. President Lamerato
More information1. The regular meeting of the Police and Fire Retirement System was called to order by President Lamerato at 3:35 p.m.
REGULAR MEETING MINUTES OF THE STERLING HEIGHTS POLICE AND FIRE RETIREMENT SYSTEM, ACT 345 JUNE 18, 2015 CITY HALL - CONFERENCE ROOM #202 40555 UTICA ROAD STERLING HEIGHTS, MI 48313 1. The regular meeting
More information1. President Lamerato called the regular meeting of the Police and Fire Retirement System to order at 3:35 p.m.
REGULAR MEETING MINUTES OF THE STERLING HEIGHTS POLICE AND FIRE RETIREMENT SYSTEM, ACT 345 JUNE 16, 2016 FIRE DEPARTMENT CONFERENCE ROOM 41625 RYAN ROAD STERLING HEIGHTS, MI 48314 1. President Lamerato
More information1. President Lamerato called the regular meeting of the Police and Fire Retirement System to order at 3:32 p.m.
REGULAR MEETING MINUTES OF THE STERLING HEIGHTS POLICE AND FIRE RETIREMENT SYSTEM, ACT 345 NOVEMBER 19, 2015 FIRE DEPARTMENT CONFERENCE ROOM 41625 RYAN ROAD STERLING HEIGHTS, MI 48314 1. President Lamerato
More informationWCERS Final Minutes Page 1 of 7
Minutes WASHTENAW COUNTY EMPLOYEES RETIREMENT COMMISSION Board of Commissioners Meeting Room 220 N. Main St., Ann Arbor, MI 48107 January 23, 2018-8:30 am ORDER OF BUSINESS Meeting Called to Order Scott
More informationCITY OF OWOSSO EMPLOYEES RETIREMENT SYSTEM BOARD OF TRUSTEES REGULAR MEETING OWOSSO CITY HALL COUNCIL CHAMBER
CITY OF OWOSSO EMPLOYEES RETIREMENT SYSTEM BOARD OF TRUSTEES REGULAR MEETING OWOSSO CITY HALL COUNCIL CHAMBER JUNE 27, 2018 7:15 AM CALL MEETING TO ORDER: Vice Chairperson Mitchell called the meeting to
More informationCITY OF TRENTON FIRE AND POLICE RETIREMENT SYSTEM. Statement of Administrative Policies and Procedures - Domestic Relations Matters
CITY OF TRENTON FIRE AND POLICE RETIREMENT SYSTEM P O L I C Y R E S O L U T I O N Adopted: July 15, 2013 Revised: May 18, 2016 Re: Statement of Administrative Policies and Procedures - Domestic Relations
More informationMonroe County Employees Retirement System Board of Trustees MINUTES
Retirement System Board of Trustees MINUTES A regular meeting of the Monroe County Employees Trustees was held on October 27, 2014 at the Monroe County Board of Commissioners Chambers at 125 East Second
More informationC. Mason seconded by C. Smith to amend the August 28, 2018 Regular Meeting Minutes. All in favor, motion carried.
Minutes WASHTENAW COUNTY EMPLOYEES RETIREMENT COMMISSION Board of Commissioners Meeting Room 220 N. Main St., Ann Arbor, MI 48107 October 23, 2018-8:30 am ORDER OF BUSINESS Meeting Called to Order Scott
More informationCITY OF SOUTHFIELD FIRE & POLICE RETIREMENT SYSTEM
CITY OF SOUTHFIELD FIRE & POLICE RETIREMENT SYSTEM 2015 SUMMARY ANNUAL REPORT (as of June 30, 2014) Fire & Police Retirement System Board: John Fisher, President Emmereal Wells, Vice President Audrey Harvey,
More informationSummary Annual Report to Members of the Retirement Plan for the Employees of the Charter Township of West Bloomfield December 31, 2015
Summary Annual Report to Members of the Retirement Plan for the Employees of the Charter Township of West Bloomfield December 31, 2015 Dear Retirement Plan Member and Retirants: The Retirement Plan, which
More informationCITY OF SOUTHFIELD FIRE & POLICE RETIREMENT SYSTEM
CITY OF SOUTHFIELD FIRE & POLICE RETIREMENT SYSTEM 2014 SUMMARY ANNUAL REPORT (as of June 30, 2013) Fire & Police Retirement System Board: John Fisher, President Emmereal Wells, Vice President Irv Lowenberg,
More informationJOURNAL OF PROCEEDINGS BOARD OF TRUSTEES OF THE POLICE AND FIRE RETIREMENT SYSTEM OF THE CITY OF DETROIT 9:00 A.M.
JOURNAL OF PROCEEDINGS BOARD OF TRUSTEES OF THE POLICE AND FIRE RETIREMENT SYSTEM OF THE CITY OF DETROIT 9:00 A.M. IN THE CONFERENCE ROOM OF THE RETIREMENT SYSTEMS ONE DETROIT CENTER, 500 WOODWARD AVENUE,
More informationCity of Ann Arbor Employees' Retirement System Minutes for the Regular Meeting March 21, 2013
City of Ann Arbor Employees' Retirement System Minutes for the Regular Meeting March 21, 2013 The meeting was called to order by Jeremy Flack, Chairperson, at 8:50 a.m ROLL CALL Members Present: Crawford,
More informationMonroe County Employees Retirement System Board of Trustees MINUTES
Retirement System Board of Trustees MINUTES A regular meeting of the Trustees was held on December 8, 2014 at the Mary K. Daume Library Service Center at 840 South Roessler Street, Monroe, Michigan. Roll
More informationWCERS Members Present: Carmel Bacon, Gregory Dill, Andy LaBarre (8:36), Corey Mason, Scott Miller, Conan Smith
MINUTES WASHTENAW COUNTY EMPLOYEES RETIREMENT COMMISSION Board of Commissioners Meeting Room 220 N. Main St., Ann Arbor, MI 48107 April 24, 2018-8:30 am ORDER OF BUSINESS Meeting Called to Order Meeting
More informationMEETING NO JOURNAL OF PROCEEDINGS BOARD OF TRUSTEES OF THE GENERAL RETIREMENT SYSTEM OF THE CITY OF DETROIT HELD WEDNESDAY, JUNE 06, 2018
MEETING NO. 4211 JOURNAL OF PROCEEDINGS BOARD OF TRUSTEES OF THE GENERAL RETIREMENT SYSTEM OF THE CITY OF DETROIT HELD WEDNESDAY, JUNE 06, 2018 10:00 A.M. RETIREMENT SYSTEMS CONFERENCE ROOM ALLY DETROIT
More informationMINUTES OF THE REGULAR MEETING OF SOUTHFIELD FIRE & POLICE RETIREMENT SYSTEM BOARD. May 10, 2016
MINUTES OF THE REGULAR MEETING OF SOUTHFIELD FIRE & POLICE RETIREMENT SYSTEM BOARD May 10, 2016 The Board convened in Training Room 2 in the Human Resources Department at 9:05 a.m. with President Fisher
More information1. Call to Order. 2. Roll Call. 3. Pledge of Allegiance. 4. Approval of Agenda. 5. Approval of Minutes June 26,
AGENDA Monroe County Employees Retirement System Board of Trustees Monday, July 24, 2017 5:00 P.M. Mary K. Daume Library Service Center 840 South Roessler Street Monroe, MI 48161 1. Call to Order 2. Roll
More informationMINUTES. SERS Board Members Present: Julius Maisano, Vice-Chair; David Hersh; Coretta Houge; Mark Jubas; Shirley Lightsey; James Pierce
CITY OF SOUTHFIELD REGULAR MEETING SOUTHFIELD EMPLOYEE RETIREMENT SYSTEM BOARD Tuesday, January 17, 2017 Human Resources Department Main Municipal Building 26000 Evergreen Road, Southfield, MI MINUTES
More informationWAYNE COUNTY EMPLOYEES RETIREMENT COMMISSION QUARTERLY MEETING. February 2, :15 am
WAYNE COUNTY EMPLOYEES RETIREMENT COMMISSION QUARTERLY MEETING 9:15 am 28 WEST ADAMS, 18 TH FLOOR CONFERENCE ROOM GRAND PARK CENTRE DETROIT, MICHIGAN 48226 Trustees Present: Francesco Simone Tina Turner
More informationMEETING NO JOURNAL OF PROCEEDINGS BOARD OF TRUSTEES OF THE GENERAL RETIREMENT SYSTEM OF THE CITY OF DETROIT HELD WEDNESDAY, AUGUST 15, 2018
MEETING NO. 4216 JOURNAL OF PROCEEDINGS BOARD OF TRUSTEES OF THE GENERAL RETIREMENT SYSTEM OF THE CITY OF DETROIT HELD WEDNESDAY, AUGUST 15, 2018 10:00 A.M. RETIREMENT SYSTEMS CONFERENCE ROOM ALLY DETROIT
More informationTaylor Police & Fire Retirement Board November 12, 2015 Meeting Minutes
The regular meeting of the City of was held at the Taylor Police Department, 23515 Goddard Road, Taylor Michigan, on Thursday, November 12, 2015. Present: Chairman and Trustee Nicolas Hill, Trustee Gerry
More informationPOLICE AND FIREMEN'S RETIREMENT FUND CITY OF RICHMOND HEIGHTS, MISSOURI. REGULAR MEETING, February 13, 2017
POLICE AND FIREMEN'S RETIREMENT FUND CITY OF RICHMOND HEIGHTS, MISSOURI REGULAR MEETING, February 13, 2017 A regular meeting of the Board of Trustees of the Police and Firemen s Retirement Fund was held
More informationCITY OF PONTIAC, MICHIGAN GENERAL EMPLOYEES RETIREMENT SYSTEM BOARD OF TRUSTEES MARCH 23, 2005
CITY OF PONTIAC, MICHIGAN GENERAL EMPLOYEES RETIREMENT SYSTEM BOARD OF TRUSTEES MARCH 23, 2005 A regular meeting of the Board of Trustees was held on Wednesday, March 23, 2005 at the Shrine Room Main Level,
More informationBOARD S COMMUNICATION TO THE CITY COMMISSION
CITY OF FORT LAUDERDALE GENERAL EMPLOYEES RETIREMENT SYSTEM BOARD OF TRUSTEES MEETING 316 NE FOURTH STREET, SUITE 2, FORT LAUDERDALE, FLORIDA Thursday, September 13, 2018 12:00 PM BOARD S COMMUNICATION
More information1. Call to Order. 2. Roll Call. 3. Pledge of Allegiance. 4. Election of Chairman. 5. Election of Vice Chairman. 6. Approval of Agenda
AGENDA Retirement System Board of Trustees Monday, January 25, 2016 6:30 P.M. Mary K. Daume Library Service Center 840 South Roessler Street Monroe, MI 48161 1. Call to Order 2. Roll Call 3. Pledge of
More informationDRAFT FOR REVIEW Colorado Public Employees Retirement Association Board Meeting Minutes
DRAFT FOR REVIEW Colorado Public Employees Retirement Association Board Meeting Minutes Garden of the Gods Resort 3320 Mesa Road Colorado Springs, Colorado September 22, 2017 8:00 a.m. Trustees Present:
More informationCITY OF PONTIAC, MICHIGAN POLICE AND FIRE RETIREMENT SYSTEM. January 22, 2009
CITY OF PONTIAC, MICHIGAN POLICE AND FIRE RETIREMENT SYSTEM A regular meeting of the Board of Trustees was held on Thursday, at the Shrine Room, Main Level, City Hall, 47450 Woodward Avenue, Pontiac, MI
More informationBOARD S COMMUNICATION TO THE CITY COMMISSION
CITY OF FORT LAUDERDALE GENERAL EMPLOYEES RETIREMENT SYSTEM BOARD OF TRUSTEES MEETING 316 NE FOURTH STREET, SUITE 2, FORT LAUDERDALE, FL Thursday, March 2, 2017 12:00 Noon BOARD S COMMUNICATION TO THE
More informationRoad Commission for Oakland County Retirement System
Road Commission for Oakland County Retirement System Dear Retirement System Member: SUMMARY ANNUAL REPORT TO MEMBERS DECEMBER 31, 2014 The Retirement System, which is managed by the Retirement Board, is
More informationMINUTES PUBLIC EMPLOYEES RETIREMENT ASSOCIATION. Meeting of the Board of Trustees. December 13, 2012
MINUTES PUBLIC EMPLOYEES RETIREMENT ASSOCIATION Meeting of the Board of Trustees December 13, 2012 The Board of Trustees of the Public Employees Retirement Association met in regular session in the Association
More informationJOURNAL OF PROCEEDINGS BOARD OF TRUSTEES OF THE POLICE AND FIRE RETIREMENT SYSTEM OF THE CITY OF DETROIT 9:00 A.M.
JOURNAL OF PROCEEDINGS BOARD OF TRUSTEES OF THE POLICE AND FIRE RETIREMENT SYSTEM OF THE CITY OF DETROIT 9:00 A.M. IN THE CONFERENCE ROOM OF THE RETIREMENT SYSTEMS ONE DETROIT CENTER, 500 WOODWARD AVENUE,
More informationEmployees Retirement Plan Annual Report 2014
Employees Retirement Plan Annual Report 2014 Dear Reader: Kent District Library maintains a defined benefit pension plan known collectively as the Kent District Library Employees Retirement Plan. Each
More informationChairman Darmanin called the meeting to order at 12:00 noon. Roll call was taken.
CITY OF FORT LAUDERDALE GENERAL EMPLOYEES RETIREMENT SYSTEM BOARD OF TRUSTEES MEETING 316 NE FOURTH STREET, SUITE 2, FORT LAUDERDALE, FL Thursday, April 7, 2016 12:00 noon BOARD S COMMUNICATION TO THE
More informationMEETING NO JOURNAL OF PROCEEDINGS BOARD OF TRUSTEES OF THE GENERAL RETIREMENT SYSTEM OF THE CITY OF DETROIT HELD WEDNESDAY, JANUARY 14, 2015
MEETING NO. 4091 JOURNAL OF PROCEEDINGS BOARD OF TRUSTEES OF THE GENERAL RETIREMENT SYSTEM OF THE CITY OF DETROIT HELD WEDNESDAY, JANUARY 14, 2015 10:00 A.M. RETIREMENT SYSTEMS CONFERENCE ROOM ONE DETROIT
More informationWHAT YOU NEED TO KNOW ABOUT THE RETIREMENT PROCESS
WHAT YOU NEED TO KNOW ABOUT THE RETIREMENT PROCESS The following is information about the retirement process explained in a step by step format. Please keep this sheet to reference as you proceed through
More informationEmployees Retirement Plan Annual Report 2015
Employees Retirement Plan Annual Report 2015 Dear Reader: Kent District Library maintains a defined benefit pension plan known collectively as the Kent District Library Employees Retirement Plan. Each
More informationJOURNAL OF PROCEEDINGS BOARD OF TRUSTEES OF THE POLICE AND FIRE RETIREMENT SYSTEM OF THE CITY OF DETROIT 9:00 A.M.
JOURNAL OF PROCEEDINGS BOARD OF TRUSTEES OF THE POLICE AND FIRE RETIREMENT SYSTEM OF THE CITY OF DETROIT 9:00 A.M. IN THE CONFERENCE ROOM OF THE RETIREMENT SYSTEMS 500 WOODWARD AVENUE, SUITE 3000, DETROIT,
More informationEmployees Retirement Plan Annual Report 2018
Employees Retirement Plan Annual Report 2018 Dear Reader: Kent District Library maintains a defined benefit pension plan known collectively as the Kent District Library Employees Retirement Plan. Each
More informationJOURNAL OF PROCEEDINGS BOARD OF TRUSTEES OF THE POLICE AND FIRE RETIREMENT SYSTEM OF THE CITY OF DETROIT 9:00 A.M.
JOURNAL OF PROCEEDINGS BOARD OF TRUSTEES OF THE POLICE AND FIRE RETIREMENT SYSTEM OF THE CITY OF DETROIT 9:00 A.M. IN THE CONFERENCE ROOM OF THE RETIREMENT SYSTEMS 500 WOODWARD AVENUE, SUITE 3000, DETROIT,
More informationCity of Dearborn Police and Fire Revised Retirement System
City of Dearborn and Fire Revised Retirement System Dear Retirement System Member: Summary Annual Report To Members June 30, 2015 The Retirement System, which is managed by the Retirement Board, is designed
More informationNEW CASTLE COUNTY EMPLOYEES PENSION PROGRAM Minutes of December 18, 2013
The regular meeting of the Board of Trustees was held on December 18, 2013 in the Government Center (Manager s Conference Room), 87 Reads Way, New Castle, DE 19720. BOARD MEMBERS PRESENT: Douglas Merrill,
More informationEMPLOYEES, RETIREES AND BENEFICIARIES OF THE CITY OF KALAMAZOO, MICHIGAN EMPLOYEES RETIREMENT SYSTEM
EMPLOYEES, RETIREES AND BENEFICIARIES OF THE CITY OF KALAMAZOO, MICHIGAN EMPLOYEES RETIREMENT SYSTEM The Summary Annual Report of the City of Kalamazoo Employees Retirement System is presented for your
More informationINVESTMENT SUBCOMMITTEE BOARD OF TRUSTEES UNIVERSITY OF VERMONT AND STATE AGRICULTURAL COLLEGE
INVESTMENT SUBCOMMITTEE BOARD OF TRUSTEES UNIVERSITY OF VERMONT AND STATE AGRICULTURAL COLLEGE A meeting of the Investment Subcommittee (ISC) of the Board of Trustees of the University of Vermont State
More informationMINUTES APPROVAL OF MINUTES. Trustee Hightman presented the Minutes from the Board meeting of June 10, Trustee Vogel moved that:
MINUTES Meeting of the Board of Trustees of the State Universities Retirement System 10:50 a.m., Friday, September 16, 2011 The Northern Trust, 50 South LaSalle Street London Room B9, Chicago, Illinois
More informationTHE REGULAR MEETING MINUTES OF THE LINCOLNWOOD POLICE PENSION FUND BOARD OF TRUSTEES THURSDAY, JANUARY 25, 2018
THE REGULAR MEETING MINUTES OF THE LINCOLNWOOD POLICE PENSION FUND BOARD OF TRUSTEES THURSDAY, JANUARY 25, 2018 A regular meeting of the Lincolnwood Police Pension Fund Board of Trustees was held on Thursday,
More informationMINUTES OF THE PROCEEDINGS REGULAR MEETING OF THE RETIREMENT BOARD OF THE POLICEMEN'S ANNUITY & BENEFIT FUND HELD TUESDAY FEBRUARY 28, 2018
MINUTES OF THE PROCEEDINGS REGULAR MEETING OF THE RETIREMENT BOARD OF THE POLICEMEN'S ANNUITY & BENEFIT FUND HELD TUESDAY FEBRUARY 28, 2018 The regular meeting of the Retirement Board of the Policemen's
More informationHOLLYWOOD POLICE OFFICERS RETIREMENT SYSTEM Office of Retirement 4205 Hollywood Blvd., Suite 4 Hollywood, Florida September 29, 2018 MINUTES
HOLLYWOOD POLICE OFFICERS RETIREMENT SYSTEM Office of Retirement 4205 Hollywood Blvd., Suite 4 Hollywood, Florida 33021 September 29, 2018 MINUTES A regular meeting of the Hollywood Police Officers Retirement
More informationLincolnwood Police Pension Board Village of Lincolnwood 6900 N. Lincoln Avenue, Lincolnwood, IL 60712
Lincolnwood Police Pension Board Village of Lincolnwood 6900 N. Lincoln Avenue, Lincolnwood, IL 60712 Thursday January 22, 2015 at 2:00 PM Lincolnwood Village Hall Council Chambers 1. Call to Order 2.
More informationAGENDA. PENSION FUND TRUSTEES MEETING November 11, :00 P.M S. Washington Ave. REO Town Depot
AGENDA PENSION FUND TRUSTEES MEETING November 11, 2014 7:00 P.M. 1201 S. Washington Ave. REO Town Depot Call to Order Roll Call Public Comments on Agenda Items 1. Pension Fund Trustees Meeting Minutes
More informationENROLLED SENATE BILL No. 686
Act No. 202 Public Acts of 2017 Approved by the Governor December 20, 2017 Filed with the Secretary of State December 20, 2017 EFFECTIVE DATE: December 20, 2017 STATE OF MICHIGAN 99TH LEGISLATURE REGULAR
More informationMINUTES PUBLIC EMPLOYEES RETIREMENT ASSOCIATION. Meeting of the Board of Trustees. May 9, 2013
MINUTES PUBLIC EMPLOYEES RETIREMENT ASSOCIATION Meeting of the Board of Trustees May 9, 2013 The Board of Trustees of the Public Employees Retirement Association met in regular session in the Association
More informationCity of Ann Arbor Employees' Retirement System Minutes for the Regular Meeting January 18, 2018
City of Ann Arbor Employees' Retirement System Minutes for the Regular Meeting January 18, 2018 B-1 The meeting was called to order by Jeremy Flack, Board Chairperson, at 8:32 a.m. ROLL CALL Members Present:
More informationWAYNE COUNTY EMPLOYEES RETIREMENT COMMISSION REGULAR MEETING. June 25, :15 am
WAYNE COUNTY EMPLOYEES RETIREMENT COMMISSION REGULAR MEETING 9:15 am 28 WEST ADAMS, 18 TH FLOOR CONFERENCE ROOM GRAND PARK CENTRE DETROIT, MICHIGAN 48226 Commissioners Present: Frank Simone Henry Wilson
More informationCALL TO ORDER Chairman Stahl called the meeting to order and roll call was taken.
CITY OF FORT LAUDERDALE GENERAL EMPLOYEES RETIREMENT SYSTEM BOARD OF TRUSTEES MEETING 316 NE FOURTH STREET, SUITE 2, FORT LAUDERDALE, FLORIDA Thursday, August 3, 2017 12:00 Noon BOARD S COMMUNICATION TO
More informationMINUTES. Trustee Mark Cozzi physically joined the meeting at 3:20 p.m. APPROVAL OF MINUTES
MINUTES Meeting of the Administration Committee of the Board of Trustees of the State Universities Retirement System Thursday, October 18, 2018, 3:00 p.m. State Universities Retirement System Northern
More informationMINUTES PUBLIC EMPLOYEES RETIREMENT ASSOCIATION. Meeting of the Board of Trustees. June 13, 2013
MINUTES PUBLIC EMPLOYEES RETIREMENT ASSOCIATION Meeting of the Board of Trustees June 13, 2013 The Board of Trustees of the Public Employees Retirement Association met in regular session in the Association
More informationMINUTES OF MEETING OF THE BOARD OF DIRECTORS RETIREMENT SYSTEM OF THE TENNESSEE VALLEY AUTHORITY. December 8, 2016
Meeting No. 466 MINUTES OF MEETING OF THE BOARD OF DIRECTORS RETIREMENT SYSTEM OF THE TENNESSEE VALLEY AUTHORITY December 8, 2016 The regular quarterly meeting of the Board of Directors (Board) of the
More informationNEW YORK CITY TEACHERS' RETIREMENT SYSTEM REGULAR BOARD MEETING 2 Held on Thursday, February 16, 2017 at 3 55 Water Street New York, New York
0001 1 NEW YORK CITY TEACHERS' RETIREMENT SYSTEM REGULAR BOARD MEETING 2 Held on Thursday, February 16, 2017 at 3 55 Water Street New York, New York 4 5 ATTENDEES: 6 JOHN ADLER, Chairperson, Trustee, Mayor's
More informationCITY OF PONTIAC, MICHIGAN GENERAL EMPLOYEES RETIREMETN SYSTEM BOARD OF TRUSTEES JULY 26, 2006
CITY OF PONTIAC, MICHIGAN GENERAL EMPLOYEES RETIREMETN SYSTEM BOARD OF TRUSTEES JULY 26, 2006 A regular meeting of the Board of Trustees was held on Wednesday, July 26, 2006 at the Municipal & Health Services
More informationCity of Fort Myers General Employees Retirement System Minutes: Meeting of October 17, 2012
City of Fort Myers General Employees Retirement System Minutes: Meeting of October 17, 2012 1. CALL TO ORDER Chairperson Barbara Carlson called a meeting of the Board of Trustees for the Fort Myers General
More informationPOST TO BULLETIN BOARD MINUTES OF MEETING OF THE BOARD OF DIRECTORS RETIREMENT SYSTEM OF THE TENNESSEE VALLEY AUTHORITY
POST TO BULLETIN BOARD Meeting No. 426 MINUTES OF MEETING OF THE BOARD OF DIRECTORS RETIREMENT SYSTEM OF THE TENNESSEE VALLEY AUTHORITY (Edited to remove personal information related to individual members
More informationCity of Dearborn Retiree Health Care Plan
City of Dearborn Retiree Health Care Plan Summary Annual Report To Members June 30, 2016 Dear Retiree Health Care Plan Member: The Retiree Health Care Plan, which is managed by the City of Dearborn, is
More informationMERS Retiree Health Funding Vehicle Uniform Resolution
1134 Municipal Way Lansing, MI 48917 800.767.6377 Fax 517.703.9707 www.mersofmich.com WHEREAS, the Municipal Employees Retirement System ( MERS ) Plan Document of 1996, effective October 1, 1996, authorized
More informationMassachusetts Port Authority Employees Retirement System Board Meeting Minutes January 24, 2019
A meeting of the Employees Retirement Board was held at the offices of the, One Harborside Drive, East Boston, MA 02128-2909, on Thursday,. The following members of the Board were present: James S. Hoyte,
More informationTOWSON UNIVERSITY FOUNDATION, INC. Investment Policy & Guidelines
The Executive Vice President will oversee Towson University Foundation, Inc. (TUF) investments and Director of Finance in accordance with policies set by the Board of Directors. Policies currently governing
More information2 NEW YORK CITY TEACHERS' RETIREMENT SYSTEM REGULAR BOARD MEETING 3 held on Thursday, December 18, 2014 at 4 55 Water Street New York, New York 5
1 1 2 NEW YORK CITY TEACHERS' RETIREMENT SYSTEM REGULAR BOARD MEETING 3 held on Thursday, December 18, 2014 at 4 55 Water Street New York, New York 5 6 ATTENDEES: 7 MELVYN AARONSON, Chairperson, Trustee,
More informationCHAPTER 3 SERVICE PROVIDER DISCLOSURE POLICY
SECTION 4:301 - INTRODUCTION. (1) The Wayne County Employees Retirement Commission ( Retirement Commission ) is vested with the authority and fiduciary responsibility for the administration, management
More informationGREEN LAKE COUNTY 571 County Road A, Green Lake, WI 54941
GREEN LAKE COUNTY 571 County Road A, Green Lake, WI 54941 Original Post Date: 04/20/18 Amended* Post Date: 4/24/2018 The following documents are included in the packet for the Finance Committee on April
More information3. Analysis of Investments-Wells Fargo/Madison followed by discussion and possible Board action related to investments
Lincolnwood Police Pension Board Village of Lincolnwood 6900 N. Lincoln Avenue, Lincolnwood, IL 60712 Agenda Thursday, October 23, 2014 at 2:00 PM Lincolnwood Village Hall Council Chambers 1. Call to Order
More informationCITY OF PONTIAC, MICHIGAN GENERAL EMPLOYEES RETIREMENT SYSTEM BOARD OF TRUSTEES OCTOBER 31, 2018
CITY OF PONTIAC, MICHIGAN GENERAL EMPLOYEES RETIREMENT SYSTEM BOARD OF TRUSTEES OCTOBER 31, 2018 A meeting of the Board of Trustees was held on Wednesday, at the Pontiac General Employees Retirement System
More informationCity of Dearborn General Employees Retirement System
City of Dearborn General Employees Retirement System Summary Annual Report To Members June 30, 2015 Dear Retirement System Member: The Retirement System, which is managed by the Retirement Board, is designed
More informationWAYNE COUNTY EMPLOYEES RETIREMENT COMMISSION REGULAR MEETING. November 29, :15 am
WAYNE COUNTY EMPLOYEES RETIREMENT COMMISSION REGULAR MEETING 9:15 am 28 WEST ADAMS, 18 TH FLOOR CONFERENCE ROOM GRAND PARK CENTRE DETROIT, MICHIGAN 48226 Commissioners Present: Tina Turner Henry Wilson
More informationA Bill Regular Session, 2019 HOUSE BILL 1159
Stricken language will be deleted and underlined language will be added. 0 0 0 State of Arkansas nd General Assembly A Bill Regular Session, 0 HOUSE BILL By: Joint Budget Committee For An Act To Be Entitled
More informationDefined Benefit Plan Analysis
Defined Benefit Plan Analysis August 28, 2014 (Revised: September 30, 2014) Presented to the Monroe County Board of Commissioners October 15, 2014 2635 Lapeer Road, Auburn Hills, MI 48326 248-373-9900
More informationSouth Central Connecticut Regional Water Authority. Minutes of the July 21, 2016 Meeting
Minutes of the Meeting A regular meeting of the South Central Connecticut Regional Water Authority ( RWA or Authority ) took place on Thursday,, at the office of the Authority, 90 Sargent Drive, New Haven,
More informationPeralta Community College District Retirement Board Meeting Minutes April 16, 2015
Present: Absent: Guests: Trustee Meredith Brown, Trustee Cy Gulassa, Trustee Bill Withrow, Vice Chancellor Susan Rinne, Vice Chancellor Trudy Largent, Tim Brice, Michael Mills, Michael Wirth, Tae-Soon
More informationBOARD OF RETIREMENT FRESNO COUNTY EMPLOYEES RETIREMENT ASSOCIATION
BOARD OF RETIREMENT FRESNO COUNTY EMPLOYEES RETIREMENT ASSOCIATION Our mission is to administer the retirement benefits for the members and beneficiaries in a prudent, accurate, timely and cost-effective
More informationBOARD OF TRUSTEES OF THE VILLAGE OF TEQUESTA GENERAL EMPLOYEES PENSION TRUST FUND ADMINISTRATIVE RULES
BOARD OF TRUSTEES OF THE VILLAGE OF TEQUESTA GENERAL EMPLOYEES PENSION TRUST FUND ADMINISTRATIVE RULES August 2015 TABLE OF CONTENTS PART 1 - GENERAL PROVISIONS... 1 1.1 Purpose... 1 1.2 Definitions...
More informationMIAMI SHORES VILLAGE POLICE OFFICERS RETIREMENT SYSTEM BOARD MEETING
MIAMI SHORES VILLAGE POLICE OFFICERS RETIREMENT SYSTEM BOARD MEETING The Miami Shores Village Police Retirement Board and General Employee Pension Board jointly met on Tuesday, July 31, 2018, at the C.
More informationGeneral Employees Pension Board Regular Meeting Agenda September 26, 2017 At 7:30 AM
General Employees Pension Board Regular Meeting Agenda September 26, 2017 At 7:30 AM Bal Harbour Village Hall 655-96th Street Bal Harbour Florida 33154 1 CALL TO ORDER/ PLEDGE OF ALLEGIANCE 2 REQUESTS
More informationMICHIGAN GOVERNMENT FINANCE OFFICERS ASSOCIATION INVESTMENT POLICY
MICHIGAN GOVERNMENT FINANCE OFFICERS ASSOCIATION INVESTMENT POLICY Consistent with Public Act 20 of 1943 Investment of Surplus Public Funds for Political Subdivisions What is an Investment Policy? A written
More informationThe meeting was called to order at 7:31 p.m. by Mayor Novitke.
5-19-08 73 MINUTES OF THE REGULAR CITY MEETING OF THE CITY OF GROSSE POINTE WOODS HELD ON MONDAY, MAY 19, 2008, IN THE -COURT ROOM OF THE MUNICIPAL BUILDING, 20025 MACK PLAZA, GROSSE POINTE WOODS, MICHIGAN.
More informationMINUTES OF THE PROCEEDINGS REGULAR MEETING OF THE RETIREMENT BOARD OF THE POLICEMEN'S ANNUITY & BENEFIT FUND HELD TUESDAY NOVEMBER 25, 2014
MINUTES OF THE PROCEEDINGS REGULAR MEETING OF THE RETIREMENT BOARD OF THE POLICEMEN'S ANNUITY & BENEFIT FUND HELD TUESDAY NOVEMBER 25, 2014 The regular meeting of the Retirement Board of the Policemen's
More information10 South Batavia Avenue Batavia, IL (630) FAX (630)
Agenda Item # 5 a (1) w w w. B a t a v i a P u b l i c L i b r a r y. o r g MINUTES Board of Library Trustees of the Batavia Public Library District Regular Meeting Tuesday 16 June 2015 1. Call to Order
More informationCANBY UTILITY REGULAR BOARD MEETING NOVEMBER 13, :00 P.M.
CANBY UTILITY REGULAR BOARD MEETING NOVEMBER 13, 2018 7:00 P.M. I. CALL TO ORDER AGENDA I. AGENDA Additions, Deletions or Corrections to the Meeting Agenda II. III. IV. CONSENT AGENDA Approval of the Agenda
More informationSuite N Clark Street Chicago Illinois (312) Fax (312)
Laborers and Retirement Board Employees Annuity and Benefit Fund of Chicago Minutes of Regular Board Meeting No. 1005 Suite 1300 321 N Clark Street Chicago Illinois 60654-4739 (312) 236-2065 Fax (312)
More informationTRANSIT AUTHORITY OF NORTHERN KENTUCKY Board of Directors March 14, 2018
TRANSIT AUTHORITY OF NORTHERN KENTUCKY Board of Directors The TANK Board of Director s Meeting was called to order at 5:30 p.m. on Wednesday, March 14, 2018 at the TANK Offices by Mr. Tim Donoghue, Board
More informationMassachusetts Port Authority Employees Retirement System Board Meeting Minutes March 29, 2018
A meeting of the Massachusetts Port Authority Employees Retirement Board was held at the offices of the Massachusetts Port Authority, One Harborside Drive, East Boston, MA 02128-2909, on Thursday,. The
More informationASHFORD BOARD OF FINANCE REGULAR MEETING JANUARY 24, :00 p.m.
ASHFORD BOARD OF FINANCE REGULAR MEETING JANUARY 24, 2013 7:00 p.m. Members Present: Cathryn Silver-Smith (Chairperson), Susan Eastwood (Clerk), Paul Canavan, Jane Cercena, Chuck Funk, Merrill Simpson,
More informationDenver Employees Retirement Plan Annual Report. A Component Unit of the City and County of Denver, Colorado
Denver Employees Retirement Plan 2016 Annual Report A Component Unit of the City and County of Denver, Colorado BOARD OF DIRECTORS Cheryl Cohen-Vader Guadalupe Gutierrez-Vasquez John J. Hanley Bruce Hoyt
More informationCity of Ann Arbor Employees' Retirement System Minutes for the Regular Meeting July 16, 2009
City of Ann Arbor Employees' Retirement System Minutes for the Regular Meeting July 16, 2009 B-1 The meeting was called to order by Nancy Sylvester, Chairperson, at 8:30 a.m. ROLL CALL Members Present:
More informationAGENDA - OVERSIGHT BOARD FOR THE FORMER RIVERBANK REDEVELOPMENT AGENCY JANUARY 24, :30 A.M.
AGENDA - OVERSIGHT BOARD FOR THE FORMER RIVERBANK REDEVELOPMENT AGENCY JANUARY 24, 2018 9:30 A.M. RIVERBANK CITY HALL SOUTH, CONFERENCE ROOM 6617 3rd Street, Riverbank, CA 95367 CALL TO ORDER: Vice Chair:
More informationKansas Public Employees Retirement System
Kansas Public Employees Retirement System Valuation Report as of December 31, 2017 TABLE OF CONTENTS Sections Actuarial Certification Letter Page Section 1 Board Summary 1 Section 2 Scope of the Report
More informationGENESEE COUNTY EMPLOYEES RETIREMENT SYSTEM ANNUAL REPORT For the Year Ended December 31, 2015
GENESEE COUNTY EMPLOYEES RETIREMENT SYSTEM ANNUAL REPORT For the Year Ended December 31, 2015 RETIREMENT COMMISSION MEMBERS Jeffrey Cyphert, Chairperson Mark Young, Vice-Chairperson Keith Francis John
More informationTULSA COMMUNITY COLLEGE
TULSA COMMUNITY COLLEGE Tulsa Community College Regular Meeting of the Board of Regents Thursday, September 15, 2016 Northeast Campus, Room 1315 3:00 p.m. AGENDA 1. Call to Order 1.1 Roll Call 2. Old Business
More informationMotion by Steiner, supported by Dansbury, that all items on tonight's agenda be received, placed on file, taken in order of appearance.
04-02-01-46 MINUTES OF THE REGULAR CITY MEETING OF THE CITY OF GROSSE POINTE WOODS HELD ON MONDAY, APRIL 2, 2001, IN THE -COURT ROOM OF THE MUNICIPAL BUILDING, 20025 MACK PLAZA, GROSSE POINTE WOODS, MICHIGAN.
More information