Jun 18, 2026Board 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.