Entries by Katie Doelle

Pension Fundamentals – Session #2 Investment of Plan Assets

Investment of Plan Assets   OBJECTIVE To provide retirement system trustees and plan administrators a general overview regarding the investment of public plan assets. OUTLINE I. YOUR ROLE AS A TRUSTEE “FIDUCIARY RESPONSIBILITY” WHO IS A “FIDUCIARY”? The term “fiduciary” is derived from early Roman law and means “a person having the character of a […]

Pension Fundamentals – Session #1 Fiduciary Responsibility

Fiduciary Responsibility – Your Role as a Trustee   INTRODUCTION The following is intended to serve as a general overview of fiduciary responsibilities relating to the administration of public employee retirement systems. WHO IS A “FIDUCIARY”? The term “fiduciary” is derived from early Roman law and means “a person having the character of a trustee; […]

ACT 345 . . . BY THE NUMBERS

Fire Fighters and Police Officers Retirement Act MAPERS – SPRING CONFERENCE 2010 Presented by: Thomas Michaud OBJECTIVE To review the statutory provisions of Act 345 . . by the numbers to understand the framework of benefits and the potential issues contained within the statute. STATUTORY KEY The following comments reflect various issues which have appeared before […]

Legal Report – Spring 2011

MAPERS RECENT LEGAL ISSUES AND DECISIONS SPRING 2011 CONFERENCE This summary is presented to provide a general reference to recent legal decisions of interest to Michigan public retirement and healthcare plans. ADMINISTRATION McKnight v. General Retirement System of the City of Detroit Michigan Court of Appeals – Decided November 16, 2010 2010 Mich. App. LEXIS 2165 […]

Legal Report – Spring 2010

MAPERS RECENT LEGAL ISSUES AND DECISIONS SPRING 2010 CONFERENCE This summary is presented to provide a general reference to recent legal decisions of interest to Michigan public retirement and healthcare plans. ADMINISTRATION Brooks, et al. v. Detroit Police and Fire Retirement System, et al. Michigan Court of Appeals – Decided April 20, 2010 2010 Mich. […]

Legal Report – Spring 2009

MAPERS RECENT LEGAL ISSUES AND DECISIONS SPRING 2009 CONFERENCE This summary is presented to provide a general reference to recent legal decisions of interest to Michigan public retirement and healthcare plans. ADMINISTRATION Bandeen v. Public School Employees Retirement Board Michigan Court of Appeals – Decided February 24, 2009 2009 Mich. App. LEXIS 376 The Court […]

Legal Report – Spring 2008

MAPERS RECENT LEGAL ISSUES AND DECISIONS SPRING 2008 CONFERENCE This summary is presented to provide a general reference to recent legal decisions of interest to Michigan public retirement and healthcare plans. ADMINISTRATION Atkins v. Michigan Public School Employees’ Retirement System Michigan Court of Appeals – Decided: April 22, 2008 The Michigan Court of Appeals determined […]

Legal Report – Spring 2007

MAPERS RECENT LEGAL ISSUES AND DECISIONS SPRING 2007 CONFERENCE This summary is presented to provide a general reference to recent legal decisions regarding Michigan public retirement and healthcare plans. ADMINISTRATION Board of Trustees of the Detroit General Retirement System, et al. v. City of Detroit, et al. Michigan Court of Appeals – Decided: July 25, […]

Legal Report – Spring 2006

MAPERS RECENT LEGAL ISSUES AND DECISIONS SPRING 2006 CONFERENCE This summary is presented to provide a general reference to recent legal decisions regarding Michigan public retirement and healthcare plans. DISABILITY Spencer v. State Employees Retirement Board Michigan Court of Appeals – Decided: October 13, 2005. 2005 Mich. App. Lexis 2503 The Appellate Court upheld the […]