Village of Buffalo Grove Firefighters’ Pension Fund Board of Trustees met Oct. 30.
Here is the agenda provided by the board:
1. Call to Order
2. Roll Call
3. Approval of Remote Attendance and Full Participation by Certain Trustees (if any)
4. Public Comment
5. Approval of Meeting Minutes
a.) August 21, 2023 Regular Meeting
b.) Review/Approval – Remote Open Meeting Recordings Destruction
6. Financial/Investment Reports
a.) Monthly Financial Reports from Lauterbach & Amen (July, August and September 2023)
b.) Presentation and Approval of Bills
c.) Additional Bills, if any
d.) Review – Cash Balances of Local Accounts
i. BMO Harris Bank Statement and Current Balance Status
ii. Schwab Statement, Current Balance Status and Quarterly Report – Sawyer Falduto
e.) Review/Approval – 2024 FPIF GCM Recurring Withdrawal Instructions
f.) Review/Approval – Annual FPIF Cash Flow Projections for 2024
g.) Review/Approval – FPIF Statements of Results (June, July, August and September 2023)
h.) Review/Approval – FPIF Monthly Investment Summaries (June, July, August and September 2023)
7. Communications and Reports
a.) Affidavits of Continued Eligibility
8. Applications for Membership/Withdrawals from Fund/Service Purchase
a.) Military Purchase – William Simmons
b.) Reciprocity Update – Landon Hopp
9. Applications for Retirement/Disability Benefits/QILDROs
a.) Estimate for Regular Retirement Benefits – Kevin Gatto
b.) Approve Regular Retirement Benefits – Clark Pound
c.) Status of Dorsey QILDRO
d.) Status of Gatto QILDRO
e.) Possible Pearson QILDRO
10. Old Business
a.) IDOI Annual Statement
11. New Business
a.) Establish 2024 Board Meeting Dates
b.) FPIF Auditing Process
c.) Appointed Member Resignation – Art Malinowski
12. Attorney’s Report – Ottosen
a.) Pension Insights for Fourth Quarter 2023
b.) New Legislation Affecting Pension Funds (2023)
c.) IAFPD Fire Call Pension Pointers (“Line of Duty Disability: Whose decision is it anyhow?”) (Summer 2023)
d.) OMA/FOIA Training Presentation from PAC (September 2023)
e.) Defendants’ and Amicus Briefs to the Illinois Supreme Court – Consolidation Case
f.) IML Fact Sheet on Article 3 and 4 Pension Reamortization (HB 1185)
g.) Status of Arlington Heights PPF v. Pritzker Appeal
13. Trustee Training Updates
a.) Approval of Trustee Training Registration Fees and Reimbursable Expenses
b.) Acknowledgement of Training Time from Meeting
c.) Certification of Trustee Training Hours
14. Closed Session, if needed
15. Adjournment
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