General Employees Retirement Board

OFFICIAL MINUTES OF SPECIAL MEETING OF THE STERLING HEIGHTS GENERAL EMPLOYEE’S RETIREMENT SYSTEM Thursday March 5, 2019 Location: Room #202 40555 Utica Road, Sterling Heights, MI 48313 (586) 446-2783 Chairperson Weiler called the meeting to order at 2:05 p.m. BOARD MEMBERS PRESENT: Richard Weiler, Chairperson Jennifer Varney, Secretary Mary Jaganjac, Treasurer Todd Marsh, Trustee Paul Henig, Trustee BOARD MEMBERS ABSENT: ALSO PRESENT: Tom Michaud, Legal Counsel Ryan Clark, Treasury Service Coordinator APPROVAL OF AGENDA: Motion by Henig, supported by Marsh, to approve the agenda as presented. Ayes: All. Motion carried unanimously. APPROVAL OF MINUTES: Motion by Henig, supported by Jaganjac, to approve the minutes of the regular meeting held January 17, 2019. Ayes: All. Motion carried unanimously. COMMUNICATION FROM CITIZENS: None REPORT FROM LEGAL COUNSEL: None . REGULAR AGENDA: 1 I. OLD BUSINESS A. Update from The Brice Group – trade talks on-going: no update B. Service Retirement – Pam Ambriez Motion by Henig, supported by Jaganjac, to approve Pam Ambriez receive Straight Life benefits with a monthly benefit of $1,920.18, a one-time retro payment of $2,368.22 and a one-time Annuity Withdrawal amount of $70,487.18 C. Service Retirement – Dawn Felosak Motion by Henig, supported by Marsh, to approve Dawn Felosak receive Option B benefits w/ Pop-Up and no Annuity Withdrawal with a monthly benefit of $2,716.09 and a one-time retro payment of $3,942.71. ADJOURN: Motion by Marsh, supported by Henig, to adjourn the meeting at 2:35 p.m. Ayes: All. Motion carried unanimously. Respectfully Submitted, ___________________________________ Jennifer Varney, Secretary 2