Police & Fire Pension Board

Midland Police & Fire Retirement Board approves consent agenda; forwards Graystone institutional contract to attorney (March 18, 2026)

The Board met March 18, 2026. Members approved the consent agenda (5–0). Graystone Consulting presented monthly and 4th quarter reports and proposed shifting from a retail to an institutional contract—estimated to lower fees by about $70,000 per year; the Board voted to submit the new contract to the attorney for review (5–0). Discussion of pay agents (U.S. Bank and PNC Bank) was tabled pending additional information. Old business included the Medical Coordinator item. Meeting adjourned at 5:15 p.m.