General Employees Retirement Board
Regular MeetingSterling Heights, MI · June 15, 2023
Agenda
AGENDA
GENERAL EMPLOYEES’ RETIREMENT SYSTEM
June 15, 2023 at 2:00 PM
City Hall | Conference Room 106
40555 Utica Rd | Sterling Heights, MI 48313
CALL TO ORDER
ROLL CALL
APPROVAL OF AGENDA
APPROVAL OF MINUTES
Meeting of May 18, 2023
COMMUNICATION FROM CITIZENS
To communicate your concerns or comments on the meeting, please speak
when this line item is reviewed or during general discussion as thoughts and
feedback arise.
The City of Sterling Heights will provide necessary reasonable auxiliary aids and
services to individuals with disabilities at the meeting upon 7 days’ notice to the
Community Relations Department at 446-CITY.
REPORT FROM LEGAL COUNSEL
CONSENT AGENDA - Consent Items I.A through I.D2
I. RECEIVE AND FILE:
A. Benefit Register listing for May 2023 from Comerica Bank
B. Cash and Assets Statement for month ending May 2023 from Comerica
Bank and Morgan Stanley
C. Correspondence items
D. Approval items
REGULAR AGENDA
II. OLD BUSINESS
A. Annual Review of Adjustments to “Initial 70% AFC Limit” for Gross
Monthly Pensions
B. Annual Review of RFP Status for Service Providers
III. NEW BUSINESS
A. Retiree Status Change – James Ball
B. The Brice Group – Private Equity and Private Credit
C. Pension Administrator Comments
1. Update Authorized Signers
2. GRS EDRO Fee Schedule
D. Trustee Comments
ADJOURN
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