City of Prospect Heights Police Pension Board met July 12.
Here is the agenda provided by the board:
1. Call to Order
2. Roll Call
3. Approval of Minutes
A. May 2, 2022 Special Meeting Minutes
B. May 9, 2022 Special Meeting Minutes
4. Public Comments
5. Approval of Expenditures
A. Richard Reimer Pension Board Legal Counsel Payment -
a. Quarterly Retainer - $750.00
B. Karen Schultheis, Recording Secretary - July 12, 2022, 3rd Quarter Meeting $125.00
C. Invoices –
a. Professional Services April, 2022 Invoice #66187 - $725.00
D. Illinois Department of Insurance – State Pension Funds Compliance Fee – Invoice #13837 - $4,444.31
E. IPPFA MidAmerican Pension Conference – Commissioners Lange , Minniear, Sigsworth, Kearns, Huitink - $2375.00
F. Payment of Expenditures
6. Pension Board Investment Report
7. Pension Board Legal Counsel Report
A. Consolidation Lawsuit Update
8. Pension Board Lauterbach and Amen Monthly Financial Report
A. Review of Actuarial Valuation - Stephanie Bay, Lauterbach and Amen
a) Actuarial Expected Rate of Return on Investments Assumption
B. Global Cash Management – Client Manager Crista Birkenheier
6. Old Business –
A. Cyber Insurance – Greg Kiesewetter, Cook Castle Associates
7. New Business
A. Semi-Annual Review of Closed Executive of Closed Executive Session Minutes to determine what needs to be kept confidential
B. Election of Board officers (eg. President, Vice President…)
C. Potential selection of independent enrolled actuary for recommended tax levy
D. Review status of Trustees’ annual training requirements
E. Addition of Officer Katarzyna Szymanska to the Police Pension Fund
F. Clarification of who is the custodian for the Village Bank and Trust account - Trustee Huitink
G. Recording and Preserving meetings
H. Sergeant Godair Disability Application status/approval of IMEs
I. Review/Update BMO Harris designated account signers
8. Next Meeting Date – Tuesday, October 11, 2022 at 9 AM – City Hall. 8 North Elmhurst Road, Prospect Heights, IL 60070
9. Adjournment
https://www.prospect-heights.il.us/AgendaCenter/ViewFile/Agenda/_07122022-1236
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