Police & Fire Retirement Board

AGENDA POLICE AND FIRE RETIREMENT SYSTEM, ACT 345 MAY 19, 2016 AT 3:30 P.M. REGULAR MEETING FIRE DEPARTMENT CONFERENCE ROOM 41625 RYAN ROAD STERLING HEIGHTS, MI 48313 (586) 726-1268 1. OPEN MEETING 2. ROLL CALL 3. APPROVAL OF CONSENT AND REGULAR AGENDAS 4. APPROVAL OF MINUTES - Regular meeting of 4/21/16 5. CITIZEN PARTICIPATION 6. REPORT FROM BOARD'S LEGAL COUNSEL PRESENTATION – EXPERIENCE STUDY – RODWAN CONSULTING CO. – 3:30 CONSENT AGENDA 7. CORRESPONDENCE 8. APPROVAL OF BILLS AND EXPENDITURES c. Checking Account Summary d. Transmittal of Checks 9. FUNDS MANAGEMENT a. Current value of funds b. Year-to-date Tax Disbursement c. Benefit Register Listing for May 2016 d. Merrill Lynch Bond Index for April 2016 10. BENEFITS & PLAN ADMINISTRATION a. Old Business Regular Meeting Agenda – May 19, 2016 Page Two REGULAR AGENDA 8. APPROVAL OF BILLS AND EXPENDITURES a. Disbursements (bills, etc.) other than retiree benefit payments b. Disbursement to retirees/members other than monthly benefit payments 9. FUNDS MANAGEMENT e. Quarterly Performance Report 1. The Brice Group 10. BENEFITS & PLAN ADMINISTRATION a. New Business 1. James Spence – DROP termination retirement – discussion 2. Roger Mueller – EROP information – discussion 3. Resolution 13 – amendment – discussion 4. G & E Document letter - discussion 5. Account Transfer for June benefit payments - discussion 11. TRUSTEE COMMENTS 12. ADJOURNMENT Mark Wellhausen Secretary MW/nd