Sterling Heights General Employees' Retirement System Meeting Minutes
The board reviewed and approved the consent agenda, which included a benefit register listing, monthly cash and asset statements, and various financial communications. A service retirement for an employee was approved. The board received a presentation on the 57th Annual Actuarial Valuation Report, addressing employer contribution recommendations, investment performance, and a transfer of funds within the pension reserves.
Aug 20, 2026·Board meeting
Sterling Heights Police and Fire Retirement System Regular Meeting Minutes
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The board discussed several financial and administrative items. Key topics included a closed session to authorize legal action regarding Oracle, and an extensive review of the second-quarter investment performance. Decisions were made to replace investment managers Confluence and SEG. Additionally, the board approved various disbursements, including investment fees and retiree benefit payments, and processed several retirement applications, survivor benefits, and EROP/DROP disbursements. The board also reviewed proposals for supplemental actuarial valuation scenarios and discussed operational changes for the Pension Administrator's office.
Jul 16, 2026·Board meeting
Sterling Heights General Employees' Retirement System Minutes
The board reviewed financial reports, including the benefit register listing and cash and asset statements. Approval was granted for several service retirement and survivor benefit items, as well as actuarial and legal fee payments. The board authorized attendance for the upcoming MAPERS Fall Conference and discussed policies regarding pension estimates to manage administrative workload and costs.
Jun 18, 2026·Board meeting
Sterling Heights General Employees' Retirement System Meeting Minutes
The meeting focused on pension administration, including the review and filing of benefit registers, cash and asset statements, and various financial communications. The board approved increases to the Initial 70% AFC limit and gross monthly pension payments for designated individuals. They also elected to waive the RFP process for existing service providers, citing satisfactory performance. Furthermore, the board processed a service retirement application, including the calculation of benefits, and initiated the final calculation for another participant.
