Village of Palatine Police Pension Board met Feb. 8.
Here is the agenda provided by the board:
I. Call To Order
II. Review Of Minutes
A. November 9th, 2021 Meeting Minutes
III. Public Comment
IV. Orders Of Payments
A. Motion To Approve Morgan Stanley Investment Advisory Fee Of $ 27,622.85
B. Motion To Approve Morgan Stanley Investment Advisory Fee Of $ 24.24
C. Motion To Approve Puchalski Goodloe LLC Of $ 1,124.00
D. Motion To Approve IPPFA Training Fee Of $125.00
E. Motion To Approve Lauterbach And Amen IMRF To Article 3 Calculation Fee Of $400.00 For Craig Staudt Transfer
V. New Business
A. Discussion And Action Regarding Graystone Consulting Review
B. Discussion And Action On Village Financial Review
C. Review And Approve IPOPIF Exhibit A Resolution Appointing Authorized Agents
D. Review And Approve IPOPIF Exhibit B Notice Letter
E. Discussion And Action Regarding Cash Account And Collateralization Of Cash Account
F. Discussion And Action Regarding Interim Consolidation Cash Management Policy
G. Update Regarding Trustee Elections And Appointments
H. Update Regarding Statement Of Economic Interest Forms
I. Update Regarding FYE Audit, IDOI Annual Statement, And Actuarial Valuation Report
VI. Legal Update
A. Legal Update Provided By Jeff Goodloe
VII. Review Of Closed Session Minutes
VIII. Member Related Issues
A. Motion To Approve Admission Of Officer Joshua Ruggiero As A Tier 2 Member, Hire Date Of 12/27/21.
B. Motion To Approve Admission Of Officer Erica Amezuca As A Tier 2 Member, Hire Date Of 12/27/2021.
C. Motion To Approve Admission Of Officer Steven Solimini As A Tier 2 Member, Hire Date Of 12/27/21.
D. Motion To Approve Retirement Benefit Of Officer Jamie Ashe As Of 03/01/2022
Hire date - 09/04/1996
Retirement date - 02-01-2017
Creditable service - 20 years, 4 months, 29 days
Initial monthly benefit - $4,154.02
E. Motion To Approve IMRF To Article 3 Transfer For Officer Craig Staudt
Officer Craig Staudt reinstated 2 years, 3 months of creditable service with IMRF which was then transferred to Palatine Police Pension Fund with a total payment to PPPF of $ 59,224.63. This transfer creates a new pension hire date of 09-07-1996.
IX. Old Business
X. Adjournment
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