Police and Fire Retirement Board
Regular MeetingCenter Line, MI · November 14, 2023
Agenda
ITEM 2. – 11/14/2023
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, November 14, 2023
3:00 PM MEETING
Page 1 of 3
1. Call to order:
2. Approval of Agenda:
3. Public Comment:
4. Minute(s):
A. Approval of the Regular Meeting Minutes held on October 10, 2023.
B. Approval of the Closed Session Minutes held on October 10, 2023.
5. In Remembrance of Deceased Members and Beneficiaries:
A. None.
6. Presentations:
A. Morgan Stanley Graystone Group information:
i. On The Markets – Recalibrating Risk – November 2023.
ii. Third Quarter 2023 Money manager performances.
7. For Your Information:
A. Correspondence from Gregory T. Suma to Mr. Timothy Brice giving
authorization to liquidate funds to fund the initial investment of Blackstone
Private Credit Fund dated: October 13, 2023.
B. Correspondence from Gregory T. Suma to Mr. Noah Schlief notifying Mr.
Schlief about his rights under the Uniformed Services Employment and
Reemployment Rights Act of 1994 regarding right to purchase “prior service
credit” while on active military duty. Dated: November 2, 2023.
8. Old Business:
ITEM 2. – 11/14/2023
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, November 14, 2023
3:00 PM MEETING
Page 2 of 3
A. None.
9. New Business:
A. None.
10. Retirements:
A. None.
11. Approval of Annuity Withdrawals:
A. None.
12. Approval of Pension Figure(s):
A. Revised Final pension benefit for Charles Schubert effective July 5, 2023.
Straight Life with 60% to survivor and total annuity withdrawal.
13. Vouchers:
A. October 25, 2023, pensions paid: Pay Report 522 ~ $ 127,848.38.
B. Graystone Consulting – Third Quarter 2023 Consulting fees. Invoice
# 10062023285, Dated: October 12, 2023 ~ $ 14,848.54.
C. Third Quarter 2023 Money manager fees, July 2023 $ 2,706.02, August 2023
$ 2,526.40, September 2023 $ 2,332.45, Total: $ 7,564.87.
D. MAPERS 2024 Dues ~ $ 200.00.
E. Gabriel, Roeder, Smith & Company GASB Statement 67 and 68 for the period
ending June 30, 2023. Invoice # 482786 dated: November 6, 2023 ~ $ 7,000.00.
14. Commission Members Comments:
ITEM 2. – 11/14/2023
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, November 14, 2023
3:00 PM MEETING
Page 3 of 3
15. Adjournment:
___________________________________ November 9, 2023
Gregory T. Suma, Deputy Treasurer Date
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