Retiree Health Care Meeting

RETIREE HEALTH CARE BENEFIT PLAN & TRUST 11/7/2024 MINUTES OF THE REGULAR MEETING OF THE BOARD OF TRUSTEES FOR THE RETIREE HEALTH CARE BENEFIT PLAN & TRUST (i.e. The Board) OF THE CITY OF GROSSE POINTE WOODS, HELD ON THURSDAY NOVEMBER 7, 2024 IN THE CONFERENCE ROOM OF THE MUNICIPAL BUILDING, 20025 MACK PLAZA, GROSSE POINTE WOODS, MICHIGAN The meeting was called to order at 7:20 p.m. by Chairperson Mayor Arthur Bryant The following members were present: Chairperson Mayor Arthur Bryant General Employee Representative Jeremy Bastien Citizen Representative Gary Zarb Public Safety Representative Brian Conigliaro Also present: Pension Administrator, Steven Schmidt Pension Attorney, Michael Vanoverbeke Fund Evaluation Group (FEG), Jeffrey Davis Recording Secretary, Tina Hoenicke Motion by Zarb, supported by Conigliaro to excuse Council Representative Victoria Granger. Motion CARRIED by the following vote: YES: Bryant, Bastien, Conigliaro, Zarb NO: None ABSENT: Granger Motion by Bastien, supported by Conigliaro that all items on today’s agenda be received and placed on file. Motion CARRIED by the following vote: YES: Bryant, Bastien, Conigliaro, Zarb NO: None ABSENT: Granger Motion by Zarb, supported by Conigliaro to accept and place on file the minutes of the Retiree Health Care Benefit Plan and Trust meeting dated August 1, 2024. Motion CARRIED by the following vote: YES: Bryant, Bastien, Conigliaro, Zarb NO: None ABSENT: Granger RETIREE HEALTH CARE BENEFIT PLAN & TRUST 11/7/2024 PAGE 2 Motion by Zarb, supported by Conigliaro to receive and place on file the trial balance as presented through September 30, 2024. Motion CARRIED by the following vote: YES: Bryant, Bastien, Conigliaro, Zarb NO: None ABSENT: Granger Jeffrey Davis provided a review of the 3rd Quarter Fund Evaluation Group report ending September 30, 2024. No changes to the plan are recommended at this time. Motion by Zarb, supported by Bastien to receive and place on file the 3rd Quarter Fund Evaluation Group Report for period ending September 30, 2024. Motion CARRIED by the following vote: YES: Bryant, Bastien, Conigliaro, Zarb NO: None ABSENT: Granger Motion by Zarb, supported by Bastien to authorize payment of invoices 7.a. through 7.c.; FEG in the amount of $766.00, Foster & Foster Actuaries in the amount of $15,495.00 & VanOverbeke, Michaud & Timmony, P.C. in the amount of $189.90. Motion CARRIED by the following vote: YES: Bryant, Bastien, Conigliaro, Zarb NO: None ABSENT: Granger New Business/Public Comment: None Motion byZarb, supported by Bastien to adjourn the meeting at 7:25 p.m. Motion CARRIED by the following vote: YES: Bryant, Bastien, Conigliaro, Zarb NO: None ABSENT: Granger Minutes recorded by: Tina Hoenicke Approved by the Pension Board: _____________________________ Steven Schmidt, Pension Administrator