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 18, 2026·Board meeting
Sterling Heights City Council City Council Meeting
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The City Council meeting included a recognition of young residents who completed a '1,000 Books Before Kindergarten' reading challenge at the local public library. Additionally, a public health graduate student presented research on how the library serves as a critical community resource addressing social determinants of health. The City Engineer provided an overview of an upcoming major road construction project on Clinton River Road, noting that a town hall meeting was scheduled to provide further details to residents.
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.