Jim Schwantz - Village of Palatine Mayor | Village of Palatine
Jim Schwantz - Village of Palatine Mayor | Village of Palatine
Village of Palatine Police Pension Board met Nov. 14.
Here is the agenda provided by the board:
I. CALL TO ORDER
II. REVIEW OF MINUTES
1. Motion to approve minutes from August 8th,2023 meeting
III. PUBLIC COMMENT
IV. ORDERS OF PAYMENTS
1. Motion to approve legal invoice to Puchalski Goodloe LLC - $4,517.49
2. Motion to approve 2024 annual IPPFA membership dues - $ 795.00
V. NEW BUSINESS
1. Review State Street monthly report and Verus Advisors quarterly report
2. Discussion and action if necessary on cash management guidelines
3. Review and approve 2024 monthly meeting dates.
February 13th, 2024
May 14th, 2024
August 13th, 2024
November 12th, 2024
4. Motion to approve 2024 retiree cost of living raises.
5. Update on annual trustee training.
6. Review Village financial report
VI. LEGAL UPDATE
1. Attorney Jeff Goodloe
VII. REVIEW OF CLOSED SESSION MINUTES
VIII.MEMBER RELATED ISSUES
1. Motion to approve the retirement of Officer Craig Staudt
Hire date - 09/07/1996
Retired - 01/05/2024
Effective date of benefit - 01/06/2024
Creditable service - 27 years, 3 months, 30 days
Monthly benefit - $ 6,739.31
2. Motion to approve the retirement of Deputy Chief Bryce Baker
Hire date - 06-17-1996
Retired - 12-15-2023
Effective date of benefit - 12-16-2023
Creditable service - 27 years, 5 months, 29 days
Monthly benefit - $ 8,932.65
3. Update on Adnan Ejupovic non-dutry disability application, filed on 07-21-2023
The Independent Medical Examinations have been scheduled for the below listed dates.
11-08-2023
11-17-2023
11-21-2023
4. Motion to approve refund of contributions to former Officer Caleb Zufall
Zufall has applied to cash out his pension contributions totaling $19,101.41
All documents relating to the refund will be placed in his file.
5. Motion to approve refund of contributions to former Officer Nicholas Heuertz
Heuertz has applied to roll over his pension contributions totaling $55,517.75 to a qualified retirement account.
All documents relating to the refund will be placed in his file.
6. Motion to approve admission of new Officer Shane Murray as Tier 2 member with hire date of 08/22/2023
7. Motion to approve admission of new Officer Alexander Schillinger as Tier 2 member with hire date of 08/21/2023
IX. OLD BUSINESS
X. ADJOURNMENT
1. Motion to adjourn meeting
http://palatinevillageil.iqm2.com/Citizens/FileOpen.aspx?Type=14&ID=3127&Inline=True
Alerts Sign-up