Board meetings, strategic plans, and buyer signals from Elvin V. Barren’s organization
Apr 21, 2026·BoardMeeting
Board
Southfield Employee Retirement System Regular Meeting
The board approved a consent agenda covering retirement applications, benefit authorizations, and various invoices for consulting, asset management, and experience study services. A 5-year experience study was presented and accepted, with recommended updates to actuarial valuation assumptions and methods adopted effective July 1, 2026. The investment consultant provided a market update and recommended transferring $1,000,000 from the Fidelity 500 Index Fund to a cash account, as well as terminating the Champlain Mid Cap Fund in favor of a Vanguard S&P Mid-Cap 400 Index fund due to underperformance. Additionally, the board discussed travel and education policy for conference attendance and authorized the retirement administrator to provide necessary documentation for a recertification process with BTG Pactual.
Enterprise
Get verified public-sector contacts at scale
Find verified emails, direct dials, role context, job-change updates, and organization signals across every public-sector account you sell to.
Southfield Employee Retirement System Regular Meeting Minutes
The board approved applications for retirement, authorization of benefits, and payment of administrative expenses. New business included the appointment of delegates and alternates for the MAPERS 2026 Spring Conference. The investment consultant provided a market update, resulting in the approval of a transfer from the WCM International Equity Fund to the Cash Account and consent to the ownership change regarding Marathon funds. Legal counsel discussed ongoing communications with the city attorney regarding flex positions and upcoming periodic benefit meetings with the city.
Feb 24, 2026·BoardMeeting
Board
Southfield Employee Retirement System Regular Meeting Minutes
The board reviewed and approved the consent agenda, which included retirement applications, benefit authorizations, and payment of various operational invoices. The investment consultant provided a performance report for the fourth quarter of the previous year, highlighting market trends and recommending a transfer of funds to the cash account. The board also addressed unfinished business regarding benefit commencements for specific retirees and approved a non-duty disability retirement application. Additionally, a resolution was adopted regarding an Eligible Domestic Relations Order to define pension benefit distribution.
Jan 20, 2026·BoardMeeting
Board
Southfield Employee Retirement System Regular Meeting Minutes
The meeting addressed several administrative and financial items. Key discussions involved removing two applications for benefit authorization (C. Daniels and M. Calhoun) from the consent agenda to request further information from the City regarding 'flex position' employment classifications and IRS break-in-service rules related to retiree reemployment. The Board unanimously approved the remaining Consent Agenda items, including the approval of various bills and expenses, such as credit card statements and invoices for investment consulting and asset management services for the fourth quarter of 2025. In New Business, the Board approved eligibility service purchases for J. Meadows and K. Landa, and approved engaging GRS to proceed with an Experience Study. The Investment Consultant provided a market update, noting the Fed's rate cut and equity market performance, and recommended no action.
Extracted from official board minutes, strategic plans, and video transcripts.
