26-1461: The City of Ann Arbor Retiree Health Care Benefit Plan & Trust Board Meeting Minutes of July 16, 2026

Description

The City of Ann Arbor Retiree Health Care Benefit Plan & Trust Board Meeting Minutes of July 16, 2026

Summary

The July 16, 2026 meeting of the City of Ann Arbor Retiree Health Care Benefit Plan and Trust Board addressed routine administrative and financial matters affecting the city’s retiree health benefit program. Trustees approved the agenda, prior meeting minutes, and a consent item confirming an investment fund’s legal qualifications. They also adopted actuarial assumptions for valuations as of June 30, 2026, which help determine the plan’s financial obligations and funding needs. Preliminary reports listed plan assets at approximately $342.15 million on June 30, with a calendar-year decline of about $1.63 million, or 0.47%. The meeting included no discussion items or legal report, and adjourned after two minutes.