Police and Fire Retirement Board

ITEM 2. – 06/14/2022 THIS IS AN OFFICIAL ANNOUNCEMENT THAT THE CITY OF CENTER LINE POLICE AND FIRE RETIREMENT COMMISSION IS CONDUCTING A REGULAR MEETING CITY OF CENTER LINE MUNICIPAL BUILDING 7070 E. TEN MILE RD. CENTER LINE, MI 48015 Tuesday June 14, 2022 2:30 PM MEETING Page 1 of 3 1. Call to order: 2. Approval of Agenda: A. Seeking nomination for office of Vice-chairperson. 3. Public Comment: 4. Minute(s): A. Approval of the Regular Meeting Minutes held on May 10, 2022. 5. In Remembrance of Deceased Members and Beneficiaries: A. None. 6. Presentations: A. Vinay Nadkami, Clearbridge Investments – Discussion on performance review. B. Timothy Brice, Morgan Stanley Graystone Group discussion on: i. On the Markets for June 2022 – The Other Side of the “V”. ii. Wealth Management Perspectives on market timing, Graystone Consulting – Secular Bull Market as of May 24, 2022 and discussion on Wealth Strategies Analysis prepared for the City of Center Line P & F Retirement System for June 2022. iii. Market value as OF: June 6, 2022 $ 13,008,028.04. 7. For Your Information: A. Correspondence from Gregory T. Suma to Sean O’Donnell dated: May 11, 2022  ITEM 2. – 06/14/2022 THIS IS AN OFFICIAL ANNOUNCEMENT THAT THE CITY OF CENTER LINE POLICE AND FIRE RETIREMENT COMMISSION IS CONDUCTING A REGULAR MEETING CITY OF CENTER LINE MUNICIPAL BUILDING 7070 E. TEN MILE RD. CENTER LINE, MI 48015 Tuesday June 14, 2022 2:30 PM MEETING Page 2 of 3 Re: Request for repayment of prior contributions. B. The Vanguard Fiduciary Liability Insurance Policy from July 1, 2022 through July 1, 2023. 8. Old Business: A. None. 9. New Business: A. Discussion on Amendment to the P & F Retirement Commission Fiscal Year 2021-2022 Budget to account for increased pensions paid. B. Discussion on Fiscal Year 2023 P & F Retirement Commission Budget. 10. Retirements: A. None. 11. Approval of Annuity Withdrawals: A. None. 12. Approval of Pension Figure(s): A. None. 13. Vouchers: A. May 25, 2022 pensions paid: Pay Report 461 ~ $ 129,852.15. B. First Quarter 2022 Money manager fees ~ January 2022 - $ 3,087.48, February 2022 - $ 2,680.38, March 2022 - $ 2,905.31, Total: $ 8,673.17.  ITEM 2. – 06/14/2022 THIS IS AN OFFICIAL ANNOUNCEMENT THAT THE CITY OF CENTER LINE POLICE AND FIRE RETIREMENT COMMISSION IS CONDUCTING A REGULAR MEETING CITY OF CENTER LINE MUNICIPAL BUILDING 7070 E. TEN MILE RD. CENTER LINE, MI 48015 Tuesday June 14, 2022 2:30 PM MEETING Page 3 of 3 C. Nickel & Saph, Inc. - Premium due for the Fiduciary liability insurance policy from July 1, 2022 through June 30, 2023 for $ 5,856.00 14. Commission Members Comments: 15. Adjournment: ___________________________________ June 9, 2022 _______________________ Gregory T. Suma, Deputy Treasurer Date