HomeMy Public PortalAbout2012-01-12 Police Pension Board 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 12, 2012 JANUARY 12, 2012 JANUARY 12, 2012 JANUARY 12, 2012 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 6:30 P.M. ROLL CALL ROLL CALL ROLL CALL ROLL CALL: Present : Present : Present : Present:::: Pres. J. Caliendo, Sec. R. Meszaros, S. Cousins (late due to blizzard), J. Cook Absent: Absent: Absent: Absent: Trustee P. Hines, Karen Ivlow, Treasurer, Allison Barrett and Barb Kujath, Board Clerk Guests Present: Guests Present: Guests Present: Guests Present: Tom Sawyer & John Falduto of Sawyer-Falduto Asset Management LLC Members Members Members Members Present Present Present Present: None Approval of Minutes:Approval of Minutes:Approval of Minutes:Approval of Minutes: A motion was made by J. Caliendo to approve the min utes of the October 13, 2011 meeting, seconded by J. Cook. Voice vote taken. Motion car ried. Public Comment: Public Comment: Public Comment: Public Comment: None Treasurer/Investment Reports: Treasurer/Investment Reports: Treasurer/Investment Reports: Treasurer/Investment Reports: A motion was made by J. Caliendo to approve the Cas h and Investment Report and the Revenue and Expenditure Report for the 3rd Quarter 2 011. Seconded by J. Cook. Roll call vote: J.Caliendo-Yes, R. Meszaros-Yes, J. Cook-Yes. Motion carried. (Trustee Cousins had not arrived at the meeting yet because of snow blizz ard) Motion carried. A motion was made by J. Caliendo to approve the Rev enue and Expenditure Report on onon only lyly ly for the 4 th Quarter 2011, second J. Cook. Roll call vote: J.C aliendo-Yes, R.Meszaros-Yes, J. Cook-Yes. Motion carried. The Cash and Investment Report dated 12/31/2011 was q uestioned because the Ending Balance was $29,186,622.91. Contact Village of Pla infield and get corrected Cash and Investment Report for 12/31/2011. Approval of Disbursements Approval of Disbursements Approval of Disbursements Approval of Disbursements:::: A motion was made by J.Caliendo to approve the disbu rsements for the 3 rd Quarter 2011 in the amount of $160,173.36. Roll call vote: J.Calien do-Yes, R.Meszaros-Yes, J.Cook-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 JANUARY 12, 2012 BOARD JANUARY 12, 2012 BOARD JANUARY 12, 2012 BOARD JANUARY 12, 2012 PAGE 2 PAGE 2 PAGE 2 PAGE 2 A motion was made by J.Caliendo and 2 nd by J.Cook to approve the disbursements for the 4 th Quarter 2011 for the amount of $118,406.48. Roll c all vote: J.Caliendo-Yes, R.Meszaros-Yes, J.Cook-Yes. Motion carried. Application for Membership Application for Membership Application for Membership Application for Membership –––– None Applications for Applications for Applications for Applications for Benefits Benefits Benefits Benefits:::: Attorney Reimer has received Officer Sandmire’s requ est for not on duty disability and has also received all medical records. Mr. Reimer stat ed that his office uses a service called INSPE to select three (3) doctors. It is an indepen dent company so there wouldn’t be any concerns about how and why the Board selected doctors. J.Caliendo motioned to authorize, Mr. Reimer, our at torney, to hire INSPE to select three (3) doctors for Officer Sandmire to see. 2 nd by J. Cook. Roll call vote. J.Caliendo-Yes, R.Meszaros-Yes, J.Cook-Yes. Motion carried. Mr. Reimer’s office will begin this process and noti fy Officer Sandmire and the Board of the dates of the appointments. Old Business: Old Business: Old Business: Old Business: Review of the Plainfield Police Pension Investment P olicy. Discussion will resume when Steve Cousins gets to the meeting. Tom Sawyer and St eve Cousins have been working on the policy. We will wait until Steve gets in. Tom stated that the policy needs to be modernized and he and Steve Cousins will work on get ting the policy updated. Investment Policy review and approval will be tabled until Tru stee Cousins brings it back to the Board with updates. Steve would like to simplify the polic y. Tom and Steve will revamp the current policy and get a draft to the Board for review and t hen prepare it for final approval. Barb needs to send an electronic copy of the current policy to Steve and Tom. 2012 Meeting Schedule amended. The October 2012 meet ing will be on October 11, 2012. Motion by J. Caliendo to change the meeting date from October 18, 2012 to October 11, 2012. 2 nd by J. Cook. Voice vote. Motion passed. New New New New B BB Business: usiness: usiness: usiness: Tom Sawyer and John Falduto presented the investment performance report for the 4 th Quarter of 2011. A motion was made by J.Caliendo to accept the invest ment performance report for the 4 th Quarter 2011 as presented. Seconded by R. Meszaros . Motion carried. The complete report will be on file in the pension of fice for review.
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 JANUARY 12, 2012 BOARD JANUARY 12, 2012 BOARD JANUARY 12, 2012 BOARD JANUARY 12, 2012 PAGE 3 PAGE 3 PAGE 3 PAGE 3 Plainfield Police Pension Board Nominations and Ele ction 2012. Rich Meszaros’ term expires on April 30, 2012 and Steve Cousins’ appoin tment by the Mayor expires on April 30, 2012. Barb will prepare the nomination and election forms for the election in April 2012 for a 2 year term that begins May 1, 2012 to April 30, 2 014 for an active member of the Pension Board. Barb will also notify the Mayor of the Village of Pla infield concerning Steve’s appointment and that he is interested in staying on the Board. Mo tions made by R. Meszaros to have Barb start the election/appointment process for Apri l 2012. Seconded by J. Cook. Voice vote. Motion carried. Barb will include the nomination results on the April agenda. Attorney Report:Attorney Report:Attorney Report:Attorney Report: Mr. Reimer handed out information packets for the Board and office to assist in preparation of meeting agendas. He recommends that we follow the requir ements of the State Statues as noted in his hand outs tonight. Mr. Reimer lifted up the policy on the Open Meetings Act. All trustees must complete an on-line training session about the Open Meetings Act through t he Illinois Attorney General’s office. It only has to be done once to satisfy the State Statue s. This training counts as part of your 16 hours of annual training required by State Statue. Keep tract of your time when you do the online training and forward the date and time it took you to comp lete to Barb in the office so she can note the training in your file. CLOSED SESSION CLOSED SESSION CLOSED SESSION CLOSED SESSION –––– None None None None ADJOURNMENT ADJOURNMENT ADJOURNMENT ADJOURNMENT –––– S. Cousins motioned to adjourn at 7:44 p.m. second ed by J. Cook. Voice vote taken. Motion carried. Respectfully submitted: __________________________ _________________________ _________ Barbara Kujath Richard Meszaros Board Clerk Secretary, Plainfield Police Pensio n Fund