HomeMy Public PortalAbout07-12-2012 Police Pension AgendaAGENDA MEETING OF THE PLAINFIELD POLICE PENSION BOARD WILL BE HELD ON TUESDAY JULY 12, 2012 6:30 P.M. AT PLAINFIELD LAW ENFORCEMENT CENTER 14300 COIL PLUS DRIVE PLAINFIELD, WILL COUNTY, ILLINOIS 60544 A) CALL TO ORDER B) ROLL CALL C) APPROVAL OF MINUTES 1) Seeking a motion to approve the minutes of the April 12, 2012 m eeting. Voice vote. 2) Seeking a motion to approve the minutes of th e Public Hearing on May 14, 2012. Voice vote. 3) Seek a motion to approve the minute of the Executive Session on May 14, 2012. Voice vote. D) PUBLIC COMMENTS E) TREASURER’S REPORT – INVESTMENT & ACCOUNTS 1) Seeking a motion to approve the Cash and Investment Report f or January – June 2012. Roll call vote. 2) Seeking a motion to approve the Revenue and Expenditure Re port for the 1st Quarter 2012. Roll call vote. 2) Seeking a motion to approve the Revenue and Expenditure Re port for the 2nd Quarter 2012. Roll call vote. F) APPROVAL OF DISBURSEMENTS 1) Seeking a motion to approve the disbursements for the 1st Quarter 2012 in the amount of $76,646.89. Roll call vote. 2) Seeking a motion to approve the disbursements for the 2nd Quarter 2012. in the amount of $70,907/93. Roll call vote. G) APPLICATIONS FOR MEMBERSHIP - Anthony Novak has successfully transferred 4 years, 10 months, 25 days of credit able service from the Chicago Pension Fund to the Plainfield Polic e Pension Fund. His original hire date with the Plainfield Police Pens ion Fund of April 17, 2003 is now adjusted to May 24, 1998. Total payments received $104,826.31.
PAGE 2 JULY 12, 2012 AGENDA MEETING OF PLAINFIELD POLICE PENSION FUND H) APPLICATIONS FOR BENEFITS On May 14, 2012 at a Public Hearing held at the Pl ainfield Law Enforcement Center at 6:30 p.m. Officer Glen Sandmire w as granted a Non-Duty Disability pension beginning June 1, 2012 in the amount of $43,044.50 annually. I) OLD BUSINESS 1) Status on updating the Investment Policy . 2) Follow up with Todd Schroeder of Lauterbach & Amen on fair tax levy for the Village’s pension contribution. 3) Jeff Cook has contacted Greg Kiesewetter, of Alper Services, about obtaining Fiduciary Liability Insurance for Board members. All requested documents have been forward to Greg and it is now in the ha nds of the Underwriters. 4) The Village of Plainfield Police Pension Board Administr ative Rules/Regulations was adopted in October 2011. J) NEW BUSINESS 1) Election of Board Officers 2) Member Workshop presented by Allison Barrett of Lauterbach & Amen 3) Investment Performance Reports from Sawyer/Faldu to Asset Management, LLC 4) Seeking a motion to accept the Investment Perform ance Reports as presented. Roll call vote. K) ATTORNEY REPORT L) CLOSED SESSION M) ADJOURNMENT – Request motion to adjourn Next meeting October 12, 2012