HomeMy WebLinkAbout12-19-2023 Employees' Retirement System MinutesOFFICIAL PROCEEDINGS OF
THE BOARD OF TRUSTEES CITY OF LANSING
EMPLOYEES' RETIREMENT SYSTEM
Regular Meeting
10th Floor, City Council Conference Room
The meeting was called to order at 9:31 a.m.
December 19, 2023
Tuesday, 9:30 a.m.
Present: Trustee Bahr,Ebright, Garza, Jeffries, Kirkland, O'Leary, Parker, Schor - 8.
Absent: Excused: Dedic, Kraus
Others present: Karen Williams, Human Resources Department; Attorney Aaron Castle,
VanOverbeke, Michaud & Timmony, P.C.
It was moved by Trustee Bahr and supported by Trustee Ebright to approve the Official Joint
Minutes of the Employee Retirement System Board and the Police and Fire
Retirement System Board meeting of November 21, 2023.
Adopted by the following vote: 8 -0
Secretary's Report
3 new member(s), 0 reinstatement(s), 0 refund(s), 0 transfers, 1 retired. Total active
membership: 428. Total deferred: 68. 1 death(s) Gene P. King, (Public Service -Teamster,
retired 5/1/1990), died 10/5/2023, age 91, no surviving beneficiary. Refunds made since
the last regular meeting amounted to $28,817.960. Retirement allowances paid for the
month of November 2023, amounted to $2,026,813.41. Total retirement checks printed for
the ERS System: 923. Total Retirement checks printed for both systems: 1739. Eligible
domestic relations orders received: 0. Domestic relations orders pending: 0. Eligible
domestic relations orders certified: 0.
It was moved by Trustee Bahr and supported by Trustee Ebright to approve the following request for
Regular Age and Service Retirement:
Darren Carter (Assessor’s Office – T243 Supervisory), 27 years, 6 months of
service credit, age 55, effective January 2, 2024.
Adopted by the following vote: 8 – 0
Ms. Williams reported that Applicant #2023 - E0621 has seen the medical director. The
medical director has issued a report that has been forwarded to the disability subcommittee for
review.
It was moved by Trustee Bahr and supported by Trustee O;Leary to recess the Employees’
Retirement System Board meeting to allow the disability subcommittee to meet to review the
medical report of Applicant #2023-E0621.
Adopted by the following vote: 8 -0
The Employees’ Retirement System Board recessed at 9:36.
Employees’ Retirement System December 19, 2023
Meeting Minutes Tuesday, 9:30 a.m.
Page 2
The Employees’ Retirement System Board resumed at 9:40 a.m.
Karen Williams reported that the disability subcommittee met, reviewed the medical report, and had
a recommendation for the Employees’ Retirement System Board.
It was moved by Trustee Bahr and supported by Trustee O’Leary to deny the duty disability request
of Applicant #2023-E0621 based upon the medical director’s recommendation and to release a
copy of the medical report to the applicant..
Adopted by the following vote: 8 -0
There were no requests for NonDuty Disability.
Karen Williams reported the membership fees for the International Federation of Employee
Benefit Plans (IFEBP), $597.59, NCPERS, $305, and MAPERS $200. The Board
participates in the annual conferences presented by the organizations for training and
education.
It was moved by Trustee Moore and supported by Trustee Wilcox to approve the
membership fees for IFEBP, $597.50, NCPERS, $305 and MAPERS, 200 for the
Employees’ Retirement System Board.
Adopted by the following vote: 8 -0.
It was moved by Trustee Ebright and supported by Trustee Bahr to excuse Trustee Dedic and
Trustee Kraus from the December Employees' Retirement System Board meeting.
Adopted by the following vote: 8 -0.
There were no public comments for items not on the agenda.
Ms. Williams provided the following invoices for approval: from Boomershine Consulting
Group, $1,225.00.
It was moved by Trustee Bahr and supported by Trustee Ebright to approve the payment.
of the invoices for the month of December.
Adopted by the following vote: 8-0
Attorney Castle provided a legislative update regarding the Open Meeting Act amendment.
Public Act 214 would permit public employee retirement and retiree health care boards to
meet remotely. The public act would become effective on February 13, 2024. Attorney
Castle indicated that the Board would need to adopt an electronic meeting attendance policy
to comply with the amendment. Attorney Castle provided a sample policy for Board review.
Karen Williams provided an overview of the Retirement and Health Care Conference that
was held in 2017. The Joint Retirement Board at the last meeting requested that Ms.
Williams check appropriate dates and contact the Lansing Center regarding scheduling
space for the Conference. Ms. Williams distributed a contract for review for September 12,
2024 to rent Ballroom 1-8 the Lansing Center.
Trustee Schor recommended the sponsorship be attained from the Retirement System
vendors for the Conference. He inquired to legal counsel to check to see if there was any
issue with requesting the sponsorships.
It was moved by Trustee Bahr and supported by Trustee O:Leary for the Employees’
Retirement System to approve the Lansing Center Conference contract and pay the $900
deposit for September 12, 2024 date.
Adopted by the following vote: 8 -0.
Karen Williams reported that the Employees’ Retirement System Board received the
actuarial report at its November meeting.
It was moved by Trustee Bahr and supported by Trustee Ebright to accept the actuarial
report for the period ending December 31, 2022.
Adopted by the following vote: 8 -0.
Ms. Williams reviewed the Monthly Investment Report for the month ending November 30, 2023,
It was moved by Trustee Bahr and supported by Trustee Ebright to adjourn the Employees'
Retirement
System Board December meeting.
Adopted by the following vote: 8 -0
The meeting ended at 9:55 a.m.
Minutes approved on 1/16/2023.
Desiree Kirkland, Secretary
Employees' Retirement System
Dennis R. Parker, Chairperson
Employees' Retirement System