Description
Title: The City of Ann Arbor Retiree Health Care Benefit Plan & Trust Board Meeting Minutes of May 21, 2026
Summary
The minutes from the May 21, 2026, meeting of the City of Ann Arbor Retiree Health Care Benefit Plan & Trust Board of Trustees detail key actions and updates regarding the management of retiree health benefits. The meeting, led by Vice-Chairperson Jennifer Grimes, included the approval of the agenda and minutes from the previous meeting. A significant action item was the amendment of the Graystone Investment Consulting Services Agreement, aimed at enhancing performance reporting for alternative investments like Blackstone. The board reviewed preliminary financial reports, noting an increase in asset value to approximately $338.5 million as of May 20, 2026, reflecting a year-to-date gain of 4.61%. This legislation is crucial as it impacts the financial