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Trust designates authorized signers, authorizes acting chair to sign insurance application and reviews Q4 2025 performance
Summary
The Waterford Township Post-Retirement Health Care Trust on March 11, 2026 designated two authorized signers, authorized Acting Chairman Seibert to sign a fiduciary liability insurance application, and heard fourth-quarter 2025 investment performance and monitoring reports; motions carried, vote tallies not specified.
The Waterford Township Post-Retirement Health Care Trust on March 11, 2026 voted to designate authorized signers for the health care fund, authorized the acting chair to sign a fiduciary liability insurance application and reviewed fourth-quarter 2025 investment performance.
Member Krupic moved, and Member Camilleri seconded, to name Steven Thomas and Member Krupic as authorized signers for the Health Care Fund; the motion carried, with the vote tally not specified. The board previously listed Members Seibert, Camilleri and Krupic as present; Members Flury and Thomas were recorded as excused.
Attorney Cynthia J. Billings-Dunn told trustees she was working to obtain 2026 PA 314 disclosures from the trust’s service providers. The board also approved a motion — moved by Member Camilleri and seconded by Member Krupic — authorizing Acting Chairman Seibert to sign the fiduciary liability insurance application on behalf of the committee; that motion carried, vote tally not specified.
The consent agenda was approved at the start of the meeting. Items listed on the consent agenda included approval of minutes from the Jan. 14, 2026 regular meeting and invoices: AsherKelly, $1,160.00 (legal fees Q4 2025); Seizert Small Cap, $7,243.00; Seizert Large Cap, $20,352.00; Fifth Third, $5,608.63 (custody fees Q4 2025); D&D Fixed Income, $9,972.00; and D&D SMID, $8,457.00.
Treasurer’s Report was accepted for informational purposes; it recorded a distribution from TA Realty Core Fund, L.P. of $35,250.00 and a Seizert Capital Partners account liquidation of $2,191.29.
Steve Roth of Dahab Associates presented the investment consultant’s reports for the fourth quarter of 2025 and reviewed preliminary performance as of Feb. 28, 2026. Attorney Billings-Dunn presented fourth-quarter 2025 portfolio monitoring reports from Saxena White and Labaton Keller Sucharow.
There were no trustee comments or public comments recorded. The board set its next meeting for May 13, 2026, at 1:30 p.m. The meeting was called to order at 1:53 p.m. and adjourned at 2:03 p.m.
