HomeMy Public PortalAbout2011-01-13 Police Pension minutes MINUTES OF THE PLAINFIELD POLICE PENSION BOARD MINUTES OF THE PLAINFIELD POLICE PENSION BOARD MINUTES OF THE PLAINFIELD POLICE PENSION BOARD MINUTES OF THE PLAINFIELD POLICE PENSION BOARD JANUARY 13, 2011 JANUARY 13, 2011 JANUARY 13, 2011 JANUARY 13, 2011 LAW ENFORCEMENT CENTER LAW ENFORCEMENT CENTER LAW ENFORCEMENT CENTER LAW ENFORCEMENT CENTER 14300 COIL PLUS DRIVE 14300 COIL PLUS DRIVE 14300 COIL PLUS DRIVE 14300 COIL PLUS DRIVE PLAINFIELD, IL 60544 PLAINFIELD, IL 60544 PLAINFIELD, IL 60544 PLAINFIELD, IL 60544 CALL TO ORDER: CALL TO ORDER: CALL TO ORDER: CALL TO ORDER: The meeting was called to order by P res. Caliendo at 6:35 P.M. ROLL CALL ROLL CALL ROLL CALL ROLL CALL: Present : Present : Present : Present:::: Pres. J. Caliendo, Sec. R. Meszaros, Trustees P. Hines, J. Ginejko, S. Cousins Members Members Members Members Present Present Present Present: None Guests Present: Guests Present: Guests Present: Guests Present: Treasurer Karen Ivlow, Allison Barrett of Lauterbach & Amen, LLP, Tom Sawyer and John Falduto of Sawyer-Falduto Asset Mana gement, LLC, retiree Donald Bennett, Officer Grant Anderson and Attorney Richard Reimer PUBLIC COMMENTS: PUBLIC COMMENTS: PUBLIC COMMENTS: PUBLIC COMMENTS: Officer Grant Anderson addressed the Board concerning his purchase of 2 years of military service time. He would have to pay $29,644.11 to the pension fund for these 2 years. Officer Anderson asked for a payment plan for approximately $15,000.00 for 5 years. Since the Board has not established a policy for purchasing military service time it will grant his request and use the same rules as the P ortability Act that has been used for officers transferring in service time from other pol ice departments. The Board requested that Lauterbach & Amen prepare the calculation for the loan. A motion was made by P. Hines and seconded by J. Ca liendo. A roll call vote was taken: J.Caliendo-yes, R. Meszaros-yes, S. Cousins–yes, P. Hines–yes, J. Ginejko–yes. Motion carried. Approval of Minutes:Approval of Minutes:Approval of Minutes:Approval of Minutes: A motion was made by J. Ginejko to approve the minut es of the October 21, 2010 meeting. Seconded by J. Caliendo Voice vote: Motion carrie d. A motion was made by S. Cousins to approve the minut es of the Administrative Hearing on October 21, 2010 as prepared by Court Recorder Carr ie Pique. Seconded by P. Hines. Roll call vote taken: J. Caliendo-yes, R. Meszaros-yes, P. Hines-yes, J. Ginejko-yes, S. Cousins-yes. Motion carried. A motion was made by P. Hines to approve the minutes of the Executive Session of October 21, 2010 as prepared by Court Recorder Carrie Pique . Seconded by S. Cousins. Roll call vote taken: J. Caliendo-abstained, R. Me szaros-yes, P. Hines-yes, J. Ginejko-yes, S. Cousins-yes. Motion carried. Treasurer/Investment Reports: Treasurer/Investment Reports: Treasurer/Investment Reports: Treasurer/Investment Reports: A motion was made by S. Cousins and seconded by P. Hines to approve the financial reports, bills payable and paid reports. Roll call vote: J. Caliendo-yes, R. Meszaros-yes, P. Hines-yes, J. Ginejko-yes, S. Cousins-yes. Motion carried.
MINUTES OF THE PLAINFIELD POLICE PENSION MINUTES OF THE PLAINFIELD POLICE PENSION MINUTES OF THE PLAINFIELD POLICE PENSION MINUTES OF THE PLAINFIELD POLICE PENSION BOARD BOARD BOARD BOARD JANUARY JANUARY JANUARY JANUARY 13, 2011 13, 2011 13, 2011 13, 2011 PAGE 2 PAGE 2 PAGE 2 PAGE 2 Communication and Special Reports/Presentat Communication and Special Reports/Presentat Communication and Special Reports/Presentat Communication and Special Reports/Presentation: ion: ion: ion: Tom Sawyer and John Falduto reported on the investments of the 4 th quarter of 2010. John Falduto stated that there are new investment percentages for 2011. The Board will have to review and change the current investment policy. This item will be on April’s age nda. After much discussion S. Cousins motioned to accept the report as presented, seconded by P. Hines. Voice vote taken: all in favor. Motion carried. Consideration of and action upon applicants for adm ission to and/or withdrawal of Consideration of and action upon applicants for adm ission to and/or withdrawal of Consideration of and action upon applicants for adm ission to and/or withdrawal of Consideration of and action upon applicants for adm ission to and/or withdrawal of memb memb memb members from fund ers from fund ers from fund ers from fund –––– Notified Board of the withdrawal of Jeffrey Kaminski . Officer Kaminski was one of the three officers laid off in 20 09. He requested a refund of his contributions and it was sent on December 30, 2010. Unfinished business: Unfinished business: Unfinished business: Unfinished business: Officer Dawn Fliszar was one o f three officers laid off in 2009. Officer Fliszar has started at Winnetka Police Dept. and wan ting to transfer her service. At the time of her lay off Dawn was approximately 1.5 years into transferring her service time from Lansing PD when laid off. Since the lay off all of this became very complicated. The Board has asked Attorney Richard Reimer to send a letter to the Department of Insurance and ask for an opinion of this issue on behalf of Officer Fli szar. Mr. Reimer will notify Pres. Jim Caliendo as soon as he receives an answer. A motion was made by P. Hines and seconded by J. Caliendo to approve the costs of Mr. Reimer fo r his services in this matter. No discussion. Roll call taken: J. Caliendo-yes, R. Meszaros-yes, P. Hines-yes, J. Ginejko-yes, S. Cousins-yes. Motion carried. New business: New business: New business: New business: Elections are coming up in April and letters have gone out to retiree representative Patricia Hines and Trustee Joseph Gin ejko asking if they are interested in staying on the Board. Patricia Hines has responded t hat she would like to remain on the Board. Since there are other local retirees there wil l have to be an election for her position. An Administrative Hearing is scheduled for 7:30 p.m. on the Donald Bennett case. There was a motion by S. Cousins to adjourn the business m eeting for the Administrative Hearing for the hearing and to reconvene. Seconded by R. Mes zaros. Roll call vote: J. Caliendo-yes, R. Meszaros-yes, P. Hines-yes, J. Ginejko-yes, S. C ousins-yes. Motion carried. Business meeting adjourned at 7:15 p.m. MINUTES OF THE ADMINIST MINUTES OF THE ADMINIST MINUTES OF THE ADMINIST MINUTES OF THE ADMINISTRATIVE HEARING AND EXECUTIVE SES RATIVE HEARING AND EXECUTIVE SES RATIVE HEARING AND EXECUTIVE SES RATIVE HEARING AND EXECUTIVE SESSION TAKEN AND SION TAKEN AND SION TAKEN AND SION TAKEN AND PREPARED BY COURT RECORDER CARRIE PIQUE. COPY IN O FFICE FOR REVIEW.PREPARED BY COURT RECORDER CARRIE PIQUE. COPY IN O FFICE FOR REVIEW.PREPARED BY COURT RECORDER CARRIE PIQUE. COPY IN O FFICE FOR REVIEW.PREPARED BY COURT RECORDER CARRIE PIQUE. COPY IN O FFICE FOR REVIEW. Reconvened: Reconvened: Reconvened: Reconvened: A motion was made by S. Cousins, secon ded by R. Meszaros to reconvene to the regular business meeting at 8:30 p.m. Roll call vote: R. Meszaros-yes, P. Hines-yes, J. Ginejko-yes, S. Cousins-yes. Motion carried.
PLAINFIELD POLICE PENSION PLAINFIELD POLICE PENSION PLAINFIELD POLICE PENSION PLAINFIELD POLICE PENSION BOARD MEETING JANUARY 13, 2011 BOARD MEETING JANUARY 13, 2011 BOARD MEETING JANUARY 13, 2011 BOARD MEETING JANUARY 13, 2011 PAGE 3 PAGE 3 PAGE 3 PAGE 3 With the business meeting back in session, a motion w as made by S. Cousins and seconded by R. Meszaros to grant Donald Bennett the requested pension able annual salary of $142,000 to include retro-active increase from Janu ary 2009. A roll call vote taken: R. Meszaros-yes, P. Hines-no, J. Ginejko-yes, S. Cousi ns-yes. The vote is 3 yes and 1 no. Motion carried. Training: Training: Training: Training: None Adjournment: Adjournment: Adjournment: Adjournment: A motion was made by P. Hines to adjo urn the meeting, seconded by S. Cousins. Voice vote: Motion carried. Meeting adj ourned at 9:30 p.m. Respectfully submitted, Barbara Kujath Richard Meszaros Board Clerk Secretary Plainfield Police Pension Board Plainfield Police Pension Board