Description
Title: The City of Ann Arbor Employees’ Retirement System Board Meeting Minutes of March 19, 2026
Summary
The March 19, 2026, meeting of the City of Ann Arbor Employees' Retirement System focused on administrative and operational matters, impacting city employees and retirees. Key actions included approving a minority ownership change for Innovest, the 2026 Spring Annual Newsletter, and a revised Education and Travel policy. The Board also established a formal service provider disclosure policy to ensure compliance with the Public Employee Retirement System Investment Act (Act 314), requiring annual fee disclosures from investment service providers. The meeting addressed overpayment issues affecting participants, with plans for a review of repayment options. Overall, these legislative steps aim to enhance transparency, accountability, and effective management of retirement assets for city employees.