North Cook News

Village of Buffalo Grove Firefighters’ Pension Fund Board of Trustees met Jan. 29

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.) October 30, 2023 Regular Meeting

b.) Semi-Annual Review of Closed Session Meeting Minutes

c.) Review/Approval – Remote Open Meeting Recordings Destruction

6. Financial/Investment Reports

a.) Monthly Financial Reports from Lauterbach & Amen (October, November and December 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 – FPIF Statements of Results (October, November and December 2023)

f.) Review/Approval – FPIF Monthly Investment Summaries (August, September, October, November and December 2023)

7. Communications and Reports

a.) Affidavits of Continued Eligibility

b.) Statements of Economic Interest

8. Applications for Membership/Withdrawals from Fund/Service Purchase

a.) Reciprocity Update – Landon Hopp

9. Applications for Retirement/Disability Benefits/QILDROs

a.) Status of Dorsey QILDRO

b.) Status of Gatto QILDRO

c.) Review and Possible Action on Pearson QILDRO

d.) Simmons Disability Application – IME Physician Selection

10. Old Business

a.) FPIF Auditing Process

b.) Fiduciary Liability Insurance Renewal (Gallagher)

11. New Business

a.) Approve Annual Cost of Living Adjustments for Pensioners

b.) Review Trustee Term Expirations and Election Procedures

c.) Ottosen DiNolfo Engagement Letter for 2024-2025

12. Attorney’s Report – Ottosen

a.) Legal Insights First Quarter 2024 (New Case Law)

b.) Board Insights January 2024 (Pension Trustee Training Requirements Q&A)

c.) IAFPD Fire Call Pension Pointers – “Federal Court Weighs in on Whether Delayed Disability Hearing Process Violates an Applicant’s Due Process” (Fall 2023)

d.) Crain’s – “Illinois’ Top Court Upholds Police and Firefighter Pension Fund Consolidation” (January 19, 2024)

e.) Review of Fund’s Information Sheet

f.) DOI Biennial Report 2023 – Information on Fund

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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