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Police and firefighter pension board reports fund is about 79% funded, board seeks two members
5532508 · August 5, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
The City’s Police and Firefighter Pension Fund reported roughly $47 million in assets and a funding ratio near 79%; the board reported two vacancies and said it paid a thirteenth-check averaging about $603 when investment revenue allows.
The Marquette City Commission heard a presentation from the Police and Firefighter Pension Board on June 30 describing the plan's finances and governance. Mike Archakowski, chair and a detective with the Marquette City Police Department, reported the pension has about $47 million in…
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