Retiree Health Care Trust Fund Board Meeting

RETIREE HEALTH CARE BENEFIT PLAN & TRUST 2/6/2025 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 FEBRUARY 6, 2025 IN THE CONFERENCE ROOM OF THE MUNICIPAL BUILDING, 20025 MACK PLAZA, GROSSE POINTE WOODS, MICHIGAN The meeting was called to order at 7:07 pm by Chairperson Mayor Arthur Bryant The following members were present: Chairperson Mayor Arthur Bryant Council Representative Victoria Granger Public Safety Representative Brian Conigliaro Citizen Representative Gary Zarb Also present: Pension Administrator, Steve Schmidt Pension Attorney, Michael VanOverbeke Fund Evaluation Group (FEG), Jeffrey Davis Foster & Foster Actuary, Jason Franken Recording Secretary, Tina Hoenicke Council Person, Jim Motschall Motion by Granger, supported by Zarb to excuse General Employee Representative Jeremy Bastien from today’s meeting. Motion CARRIED by the following vote: YES: Bryant, Granger, Zarb, Conigliaro NO: None ABSENT: Bastien Motion by Zarb, supported by Granger that all items on today’s agenda be received and placed on file. Motion CARRIED by the following vote: YES: Bryant, Granger, Zarb, Conigliaro NO: None ABSENT: Bastien 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 November 7, 2024. RETIREE HEALTH CARE BENEFIT PLAN & TRUST 2/6/2025 PAGE 2 Motion CARRIED by the following vote: YES: Bryant, Granger, Zarb, Conigliaro NO: None ABSENT: Bastien Motion by Granger, supported by Zarb to receive and place on file the trial balance as presented through December 31, 2024. Motion CARRIED by the following vote: YES: Bryant, Granger, Zarb, Conigliaro NO: None ABSENT: Bastien Motion by Granger, supported by Zarb to receive and place on file the GASB 74/75 Disclosure Report-Plan/Fiscal Year End June 30, 2024 Actuarial Report and the OPEB PA 202 Uniform Assumptions Report from Foster & Foster Actuaries and Consultants and direct a copy of the reports be presented to the employers. Motion CARRIED by the following vote: YES: Bryant, Granger, Zarb, Conigliaro NO: None ABSENT: Bastien Motion by Granger, supported by Zarb to receive and place on file an excerpt from City of Grosse Pointe Woods Annual Comprehensive Financial Report for Fiscal Year End June 30, 2024: Required Supplemental Information-Net OPEB Liability. Motion CARRIED by the following vote: YES: Bryant, Granger, Zarb, Conigliaro NO: None ABSENT: Bastien Jeffrey Davis provided a review of the 4th Quarter Fund Evaluation Group report ending December 31, 2024. No changes to the plan are recommended at this time. Motion by Granger, supported by Zarb to receive and place on file the 4th Quarter Fund Evaluation Group Report for period ending December 31, 2024. Motion CARRIED by the following vote: YES: Bryant, Granger, Zarb, Conigliaro NO: None ABSENT: Bastien RETIREE HEALTH CARE BENEFIT PLAN & TRUST 2/6/2025 PAGE 3 Motion by Granger, supported by Zarb to approve payment of the invoice to Fund Evaluation Group in the amount of $795.00. Motion CARRIED by the following vote: YES: Bryant, Granger, Zarb, Conigliaro NO: None ABSENT: Bastien New Business/Public Comment: None Motion by Granger, supported by Congiliaro to adjourn the meeting at 7:27 pm. Motion CARRIED by the following vote: YES: Bryant, Granger, Zarb, Conigliaro NO: None ABSENT: Bastien Minutes recorded by: Tina Hoenicke Approved by the Pension Board: _____________________________ Steve Schmidt, Pension Administrator