Village of Palatine Police Pension Board met Nov. 9.
Here is the agenda provided by the board:
I. CALL TO ORDER
II. REVIEW OF MINUTES
III. PUBLIC COMMENT
IV. ORDERS OF PAYMENTS
1. Motion to approve Morgan Stanley investment advisory fee of $ 26,326.17
2. Motion to approve Morgan Stanley investment advisory fee of $ 24.78
3. Motion to approve Puchalski Goodloe LLC legal fee of $1,637.00
4. Motion to approve IPPFA annual membership of $795.00
5. Motion to approve Lauterbach and Amen article 3 to article 4 calculation of $300.00 James Girard
6. Motion to approve Lauterbach and Amen article 3 to article 4 calculation of $300.00 Robert Brill
V. NEW BUSINESS
1. Discussion and action regarding Graystone consulting review
2. Discussion and action on village financial review
3. Motion to approve 2022 meeting dates
February 8th, 2022 4 PM
May 10th, 2022 4 PM
August 9th, 2022 4 PM
November 8th, 2022 4 PM
VI. LEGAL UPDATE
1. Legal update provided by Jeff Goodloe
VII. REVIEW OF CLOSED SESSION MINUTES
VIII.MEMBER RELATED ISSUES
1. Motion to approve admission of Officer Zachary Amundsen as a Tier 2 member. Hire date of 08-31-2021.
2. Motion to approve admission of Officer Whitney Kross as a Tier 2 member. Hire date of 08-31-2021.
3. Motion to approve admission of Officer Luis Martinez as a Tier 2 member. Hire date of 08-31-2021.
4. Motion to approve admission of Officer Austin Auman as a Tier 2 member. Hire date of 08-31-2021.
5. Motion to approve retirement benefit of Commander Kyle Ingebrigsten as of 01- 08-2022
Hire date - 12-28-1993
Retirement date - 01-07-2022
Creditable service - 28 years, 11 days
Initial monthly benefit - $7,898.15
6. Motion to approve retirement benefit of Commander Michael Vargas as of 01-04- 2022
Hire date - 09-03-1993
Retirement date - 01-03-2022
Creditable service - 28 years, 4 months, 1 day
Initial monthly benefit - $7,901.09
7. Motion to approve retirement benefit of Officer Timothy Berry as of 01-06-2022
Hire date - 12-04-1995
Retirement date - 01-05-2022
Creditable service - 26 years, 1 month, 2 days
Initial monthly benefit - $ 6,076.22
8. Motion to approve retirement benefit of Officer Scott Scheri as of 01-07-2022
Hire date - 08-30-1993
Retirement date - 01-06-2022
Creditable service - 28 years, 4 months, 8 days
Initial monthly benefit - $6718.62
9. Motion to approve the Article 3 to Article 4 transfer for former Officer Robert Brill
Former Officer Robert Brill reinstated 3 years, 7 months, 27 days of creditable service with payment of $47,814.23. A payment of $61,226.44 was then made to the Wilmette Firefighters Fund to complete the transfer.
10.Motion to approve the Article 3 to Article 4 transfer for former Officer James Girard
Former Officer James Girard reinstated 3 years, 1 month of creditable service with payment of $30,650.97. A payment of $64,785.17 was then made to the Winnetka Firefighters Fund to complete the transfer.
11.Motion to review and approve 2002 retiree cost of living adjustments IX. OLD BUSINESS
X. ADJOURNMENT
https://palatinevillageil.iqm2.com/Citizens/FileView.aspx?Type=14&ID=2894
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