Description
Title: The City of Ann Arbor Retiree Health Care Benefit Plan & Trust Board Meeting Minutes of March 19, 2026
Summary
The March 19, 2026, meeting of the City of Ann Arbor Retiree Health Care Benefit Plan & Trust Board focused on legislative compliance and financial oversight. The Board, led by Chairperson Jeremy Flack, approved the agenda and minutes from the previous meeting. A key action item involved establishing a formal disclosure policy for service providers to ensure compliance with the Public Employee Retirement System Investment Act (Act 314). This policy mandates annual fee disclosures and strict monitoring of political contributions from service providers. These measures are essential to uphold transparency and fiduciary responsibility, protecting the interests of retirees and beneficiaries. The meeting also included a preliminary financial report indicating a positive asset increase, underscoring the Board's commitment to prudent financial management.