Police and Fire Retirement Board
Regular MeetingCenter Line, MI · April 18, 2023
Minutes
Item 4. B.
May 16, 2023
CENTER LINE POLICE & FIRE RETIREMENT COMMISSION
MINUTES
REGULAR MEETING
April 18, 2023
Page 1 of 1
The regular meeting of the Center Line Police and Fire Retirement Commission was
called to order at 3:17 p.m. by Chairperson Stys.
Members Present: Richard Stys and Gregory Suma.
Members Absent: Gregory Pearl, Jorge Bermudez and Bernadette Helkowski.
Also Present: Tim Brice.
As this meeting did not have a quorum the meeting was adjourned at 3:18 p.m.
Agenda
ITEM 2. – 04/18/2023
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, April 18, 2023
3:00 PM MEETING
Page 1 of 2
1. Call to order:
2. Approval of Agenda:
3. Public Comment:
4. Minute(s):
A. Approval of the Regular Meeting Minutes held on March 21, 2023.
5. In Remembrance of Deceased Members and Beneficiaries:
A. None.
6. Presentations:
A. Timothy Brice, Morgan Stanley Graystone Group discussion on:
i. On the Markets for April, 2023 – Not 2008, but...
ii. Market value as of April 11, 2023 $ 12,623,569.47.
iii. Morgan Stanley – Annual Update of GIC Capital Market Assumptions as of
March 29, 2023.
iv. Morgan Stanley Graystone Consulting – The Brice Group – The portfolio
Investment structure review as of April 11, 2023.
7. For Your Information:
A. Review of Monthly performances for Western - fixed income manager, Harding
Loevner - International equity/ADR and Clearbridge - large-cap growth as of
March 31, 2023.
8. Old Business:
A. Performance of Jones, Lang and Lasalle Income Property Trust – as of
ITEM 2. – 04/18/2023
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, April 18, 2023
3:00 PM MEETING
Page 2 of 2
December 31, 2022. Tabled from meeting of March 21, 2023.
9. New Business:
A. Spring MAPERS conference May 20, 2023 through May 23, 2023 at the
Radisson Plaza Hotel, Kalamazoo, MI.
10. Retirements:
A. None.
11. Approval of Annuity Withdrawals:
A. None.
12. Approval of Pension Figure(s):
A. None.
13. Vouchers:
A. February 24, 2023 pensions paid: Pay Report 493 ~ $ 125,819.94.
B. Money Manager fees: January 31, 2023 $ $ 2,697.11, February 28, 2023
$ 2,368.00., March 31, 2023 $ 2,632.85. Total: $ 7,697.96.
14. Commission Members Comments:
15. Adjournment:
April 14, 2023
___________________________________ _______________________
Gregory T. Suma, Deputy Treasurer Date
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