North Cook News

Village of Buffalo Grove Firefighters’ Pension Fund Board of Trustees met Feb. 3

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 28, 2024 Regular Meeting

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

6. Financial/Investment Reports

a.) Monthly Financial Reports from Lauterbach & Amen (September, October, November and December 2024)

b.) Presentation and Approval of Bills

c.) Additional Bills, if any

d.) Review – Cash Balances of Local Accounts

i. BMO Bank Statement and Current Balance Status

ii. Schwab Statement, Current Balance Status and Quarterly Report – Sawyer Falduto

e.) Approve Annual Cost of Living Adjustments for Pensioners

f.) Review of Cash Projections and Cash Needs

g.) Review/Approval – FPIF Statements of Results (September, October, November and December 2024)

h.) Review/Approval – FPIF Monthly Investment Summaries (September, October, November and December 2024)

7. Communications and Reports

a.) Affidavits of Continued Eligibility

b.) Statements of Economic Interest

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

9. Applications for Retirement/Disability Benefits/QILDROs

a.) Approve Regular Retirement Benefits – Jeffery Morris

b.) Application for Disability Benefits – Steven Dorsey

i. Review/Approval – Appointment of IME Physicians

c.) Status of Dorsey QILDRO

d.) Status of Jason QILDRO

e.) Status of Gatto QILDRO

10. Old Business

a.) Fiduciary Liability Insurance Renewal (Gallagher)

11. New Business

a.) Review/Approve – RFQ for Insurance Brokers

b.) Review Trustee Term Expirations and Election Procedures

12. Attorney’s Report – Ottosen

a.) Pension Insights (First Quarter 2025) (New Case Law)

b.) Board Insights (January 2025) (Updates to Unclaimed Property Act)

c.) Fiduciary Insights (January 2025) (Who Is The Client When Representing An Organization)

d.) IAFPD Fire Call Pension Pointers (Fall 2024) (Illinois Judges Challenge Pension Reform Law)

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

https://buffalogroveil.portal.civicclerk.com/event/757/files/agenda/1170