North Cook News

Village of South Barrington Police Pension Fund Board of Trustees will meet Dec. 3

Here is the agenda provided by the board:

1. Call to Order

2. Roll Call

3. Public Comment

4. Meeting Minutes

a. Review/Approve Regular Meeting Minutes – July 16, 2024

b. Semi-Annual Review of Closed Session Minutes if needed

5. Treasurer’s Report

a. Review Audited Police Pension Results in Village's April 30, 2024 Annual Financial Report

b. Review Filed IDOI Interrogatories and Annual Statement

c. Review State's (IPOPIF) Actuarial Report

6. Accountant’s Report

a. Review/Adopt Municipal Compliance Report

b. Review/Approve Monthly Financial Report for Month Ended September 30, 2024

c. Approve Payment of Bills

i. Approve Additional Bills:

Foster & Foster; Invoices: 32364, 32908, 33241, 33716

Lauterbach & Amen; Invoices: 93596, 94024, 95024

Rajda Collins Law; Invoice: 1626

ii. Approve Trustee Training Registration Fees and Reimbursement Requests, if any

7. Actuarial Valuation

a. Review/Approve – Actuarial Valuation

8. Investment Report

a. Review IPOPIF’s Monthly Investment Report

i. Participant Fund Monthly Statement

9. Cash Management

a. Review Cash Flow Projections and Discuss Cash Management Needs

b. Amend Cash Management Directives and Update eCFM Form

c. Approve Bank Corporate Resolutions and Bank Signers, if needed

d. Discussion/Possible Action on 2024 Recurring Withdrawal

e. Add/Remove Authorized Agents and/or Account Representatives by Resolution, if needed

i. Approve Resolution Appointing Pension Fund Authorized Agents, Secretary’s Certificate, and Addendum, if needed

10. Attorney’s Report

11. Membership Updates

a. Applications for Membership/Withdrawals from the Fund

b. Applications for Retirement/Disability Benefits

c. Withdrawals from the Fund/Contribution Refunds

d. Deceased Members/Applications for Surviving Spouse Benefits

12. Old Business

a. Affidavits Certifying Pension Eligibility

b. Portability Transfers

13. New Business

a. Election of Board Officers: President, Vice President, Secretary, and Assistant Secretary

b. Appointment of OMA Designee, FOIA Officer, and Security Officer for 2025

14. Closed Session, if necessary

15. Adjournment

https://southbarrington.org/wp-content/uploads/2024/11/South-Barrington-Police-Pension-Agenda-12.03.24.pdf