Marine City public meetings in 2024
21 substantive meetings from 2024, with official agendas or minutes and plain-English summaries.
City Pension Board of Trustees - Retiree Health Care Plan
The Marine City Pension Board of Trustees will meet to discuss the Retiree Health Care Plan's financial status. The agenda includes reviewing updated investment policies, portfolio allocations, and potential account rebalancing.
- Approval of April 13, 2023 minutes
- Review of updated Investment Policy Statement
- Review of portfolio allocation and performance reports
- Discussion regarding account rebalancing
City Pension Board of Trustees - Retiree Health Care Plan
The Marine City Pension Board of Trustees will meet to discuss retiree health care account distributions and an attorney's memo regarding benefits eligibility. The meeting also includes a review of investment performance and potential account rebalancing.
- Review of healthcare account distributions and withdrawals
- Discussion of attorney memorandum regarding benefits eligibility
- Review of investment performance by John Firek
- Review of investment allocation and account rebalancing recommendations
- Approval of January 25, 2022, meeting minutes
City Pension Board of Trustees - Retiree Health Care Plan
The Marine City Pension Board will meet to discuss matters regarding the Retiree Healthcare Plan. The agenda includes a review of investment performance and consideration of an actuary contract.
- Review of investment performance
- Discussion of actuary contract
- Review of preliminary financial statements
- Approval of October 29, 2019 meeting minutes
City Pension Board of Trustees - Retiree Health Care Plan
The Marine City Pension Board of Trustees will review investment performance and preliminary financial statements. The board is also scheduled to discuss proposed ordinance amendments regarding board membership.
- Discussion of ordinance amendments regarding membership
- Review of investment performance
- Approval of preliminary financial statements
- Approval of The Howard E Nyhart Company invoice for $250.00
City Pension Board of Trustees - Retiree Health Care Plan
The Board reviewed investment performance and preliminary financial statements for the retiree health care plan. Members discussed proposed ordinance amendments regarding board membership structure. The meeting also addressed ongoing payments related to the OPEB Corrective Action Plan.
- Proposed ordinance amendments for a five-member Board structure
- Review of 2.89% year-to-date annualized investment performance
- Approval of $250.00 invoice for The Howard E Nyhart Company
- Update on the $12,000 annual contribution per the OPEB Corrective Action Plan
City Pension Board of Trustees - Retiree Health Care Plan
The Pension Board will review the Retiree Health Care Plan's portfolio allocation and performance against benchmarks. Members will also discuss recommended changes to the investment portfolio and incoming contributions to the healthcare account.
- Review of portfolio allocation and individual fund assessment
- Performance review versus benchmark
- Discussion of recommended changes to the portfolio
- Discussion of upcoming contributions to the Healthcare Account
City Pension Board of Trustees - Retiree Health Care Plan
The Marine City Pension Board of Trustees will meet to discuss retiree health care plan communications, including retirement letters and benefit collection intents. The board will also review quarterly investment performance, allocation, and account rebalancing recommendations provided by John Firek.
- Nomination of Board Chairperson
- Review of quarterly investment performance and allocation
- Communication regarding Irene Antoniewicz's intent to collect benefits
- Review of Michael Itrich's retirement letter
- Approval of October 25, 2022, meeting minutes
City Pension Board of Trustees - Retiree Health Care Plan
The Marine City Pension Board will review the April 26, 2022 minutes and discuss the Nyhart contract. John Firek is scheduled to present reviews regarding investment performance, allocation, and account rebalancing recommendations.
- Approval of April 26, 2022 meeting minutes
- Discussion of Nyhart Contract
- Review of investment performance by John Firek
- Review of investment allocation by John Firek
- Recommendation for account rebalancing by John Firek
City Pension Board of Trustees - Retiree Health Care Plan
The Marine City Pension Board reviewed the financial performance of the Retiree Health Care Plan. Members voted to rebalance accounts by increasing gold holdings and decreasing industrial holdings. A motion to waive competitive bidding for an actuarial contract failed.
- Approved account rebalancing to increase gold and decrease industrial holdings
- Failed motion to waive competitive bidding for the Nyhart actuarial contract
- Reviewed year-to-date annualized performance of 3.84%
- Reported Retiree's Health Care Plan market value of $232,799.08
City Pension Board of Trustees - Retiree Health Care Plan
The Marine City Pension Board and Retiree Healthcare Board will hold an electronic meeting on January 26, 2021. The agenda includes a review of retiree healthcare eligibility and investment performance. The board also intends to approve a $5,000 invoice from Nyhart.
- Review of retiree healthcare eligibility
- Investment performance review by John Firek
- Approval of $5,000 Nyhart invoice
- GASB 74/75 Actuarial Valuation review
- Approval of October 27, 2020 meeting minutes
City Pension Board of Trustees - Retiree Health Care Plan
The Board will address unfinished business regarding retiree healthcare eligibility. New business includes a board member request for healthcare and items related to Paul McAlpine. Financial discussions will cover investment performance and updated plan recommendations.
- Retiree Healthcare Eligibility (Unfinished Business)
- Board Member Request for Healthcare
- Paul McAlpine (New Business)
- Investment Performance Review
- Updated Investment Plan review
City Pension Board of Trustees - Retiree Health Care Plan
The Marine City Pension Board of Trustees will address unfinished business regarding retiree healthcare eligibility and board member requests. The board also plans to ratify several financial items, including a $5,000 invoice and actuarial valuations.
- Ratification of Nyhart Invoice #0163802 for $5,000
- Review of retiree healthcare eligibility
- GASB 74/75 Actuarial Valuation ratification
- Review of investment performance and account rebalancing
City Pension Board of Trustees - Retiree Health Care Plan
The board reviewed the Retiree Health Care Plan's investment performance and approved recommendations to restructure fund allocations by removing underperforming assets. Members also discussed maintaining higher cash reserves due to a vacancy in the Treasurer position. The meeting included the acceptance of Board Member Michael Itrich's resignation.
- Approved investment changes to remove underperforming funds and add new ones
- Accepted the resignation of Board Member Michael Itrich
- Reviewed year-to-date annualized investment performance of 3.82%
- Approved two $1,200 invoices from The Howard E. Nyhart Company
- Discussed GASB Interim Actuarial Valuation for the year ending June 30, 2019
City Pension Board of Trustees - Retiree Health Care Plan
The Marine City Pension Board of Trustees will meet to review investment performance and preliminary financial statements for April, May, and June 2019. The board also intends to address the drafting of an Investment Policy Statement for approval by the City Commission.
- Review of investment performance by Frederick Miller
- Review of preliminary financial statements for April, May, and June 2019
- Discussion regarding an Investment Policy Statement
- Announcement of re-election results
City Pension Board of Trustees - Retiree Health Care Plan
The Marine City Pension Board will discuss the structure of future sector allocations for investments. The meeting also includes reviewing investment performance and addressing the resignation of Michael Itrich.
- Resignation of Board Member Michael Itrich
- Review of future investment sector allocations
- Approval of two $1,200.00 invoices from The Howard E. Nyhart Company
- Investment performance review
City Pension Board of Trustees - Retiree Health Care Plan
The Marine City Pension Board will discuss potential ordinance amendments regarding membership and review investment performance. The board is also scheduled to approve minutes from the April 24, 2018 meeting and process retirement communications.
- Discussion of ordinance amendments regarding membership
- Review of investment performance by Frederick Miller
- Approval of Nyhart invoice #0139871 for $3,700.00
- Review of preliminary financial statements for April, May, and June 2018
City Pension Board of Trustees - Retiree Health Care Plan
The Marine City Pension Board of Trustees will discuss proposed ordinance amendments regarding board membership. The meeting also includes a review of investment performance and financial statements for the retiree health care plan.
- Discussion of ordinance amendments regarding membership
- Review of investment performance by Frederick Miller
- Review of actuarial valuation for period ending June 30, 2018
- Approval of Nyhart invoice #R143599 ($4,000.00)
City Pension Board of Trustees - Retiree Health Care Plan
The board will review investment performance and preliminary financial statements from June through December 2017. The meeting also includes the approval of a $2,500 invoice for Rodwan Consulting Company.
- Review of investment performance by Frederick Miller
- Approval of July 25, 2017 meeting minutes
- Approval of Rodwan Consulting Company invoice ($2,500.00)
- Review of June–December 2017 preliminary financial statements
City Pension Board of Trustees - Pension Plan
The board reviewed pension plan performance and approved new sector-based investing recommendations. Members also updated bank account signatures and accepted recent actuarial valuations and financial statements.
- Approved sector-based investment recommendations from John Firek
- Updated Cash and Margin/Short Sale Account signatures to Kristen Baxter and Elaine Leven
- Accepted the resignation of Board Member Michael Itrich
- Approved Howard E. Nyhart Company invoices totaling $9,800
- Accepted Retirement System Actuarial Valuation for period ending June 30, 2019
City Zoning Board of Appeals
The Marine City Zoning Board of Appeals will hold a public hearing regarding Variance Request 20-01 for properties at 536 S. Water Street and 533 S. Market Street. The board is also scheduled for training with the City Attorney.
- Public Hearing: Variance Request 20-01 (536 S. Water Street & 533 S. Market Street)
- Board Member Training with City Attorney Davis
- Approval of October 2, 2019 meeting minutes
Pension Board of Trustees - Pension Plan
The Marine City Pension Board of Trustees will review the Retirement System Actuarial Valuation Report for the year ending June 30, 2023. The board will also assess asset allocation, account performance, and upcoming contributions or withdrawals.
- Retirement System Actuarial Valuation Report (Year Ending June 30, 2023)
- Review of asset allocation relative to Investment Policy Statement
- Discussion regarding rebalancing of accounts
- Review of upcoming contributions and withdrawals