Village of Palatine Police Pension Board met Aug. 8.
Here is the agenda provided by the board:
I. CALL TO ORDER
II. REVIEW OF MINUTES
1. Motion to approve mintues of May 9th, 2023 regular meeting.
2. Motion to approve minutes of July 18th, 2023 special meeting.
III. PUBLIC COMMENT
IV. ORDERS OF PAYMENTS
1. Motion to approve legal invoice to Puchalski Goodloe LLC - $ 1,542.60
2. Motion to approve investment advisory fee to Garcia Hamitlon & Associates of $ 3,900.06
This fee is a result of the change over which took place during consolidation process.
V. NEW BUSINESS
1. Review State Street monthly report and Verus Advisors quarterly report
2. Discussion and action if necessary on cash management guidlines
3. Discussion on status of annual trustee training for 2023
4. Discussion and action regarding FYE audit and IDOI annual statement
5. Discussion and action regarding FYE actuarial valuation and village contribution request
Presentation by Lauterbach & Amen
VI. LEGAL UPDATE
Attorney Jeff Goodloe
VII. REVIEW OF CLOSED SESSION MINUTES
VIII.MEMBER RELATED ISSUES
1. Motion to approve retirement of Officer Dan Weidman as of 09-17-23.
Hire Date - 09-05-1996
Retired - 09-17-2023
Effective date of benefit - 09-18-23
Creditable service - 27 years, 13 days
Monthly benefit - $ 6,753.71
2. Acknowledgment of non-duty disability application by Officer Adnan Ejupovic filed on 07-21-2023.
3. Acknowledgment of re-payment of pension beneift overpayment from Trust of Sandra Ott
An amount of $12,283.75 was overpaid to Sandra Ott after her passing on April 15th, 2023. The overpayment covered the dates of April 16th, 2023 to June 30th, 2023.
The total amount has been repaid to the Palatine Police Pension Fund.
IX. OLD BUSINESS
1. No old business to discuss
X. ADJOURNMENT
http://palatinevillageil.iqm2.com/Citizens/FileOpen.aspx?Type=14&ID=3100&Inline=True
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