North Cook News

Village of Buffalo Grove Firefighters’ Pension Fund Board of Trustees met May 12

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.) February 3, 2025 Regular Meeting

6. Financial/Investment Reports

a.) Monthly Financial Reports from Lauterbach & Amen (December 2024, January, February, March and April 2025)

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.) Review of Cash Projections and Cash Needs

f.) Review/Approval – FPIF Statements of Results (January, February, March and April 2025)

g.) Review/Approval – FPIF Lag Statement of Results (December 2024)

h.) Review/Approval – FPIF Monthly Investment Summaries (January, February, March and April 2025)

7. Communications and Reports

a.) Affidavits of Continued Eligibility

b.) Statements of Economic Interest

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

a.) Status of Baniqued Combined Creditable Service/Reciprocity

9. Applications for Retirement/Disability Benefits/QILDROs

a.) Deceased Pensioner – Phillip Barry/Approve Surviving Spouse Benefits – Cynthia Barry

b.) Status of Application for Disability Benefits Process – Steven Dorsey

c.) Status of Qualified Illinois Domestic Relations Orders (QILDROs)

i. Dorsey QILDRO

ii. Status of Jason QILDRO

iii. Status of Gatto QILDRO

iv. Status of Olson QILDRO

10. Old Business

a.) Review/Approve – RFQ for Insurance Brokers

b.) Status of Shared Cloud Site/Dedicated Pension Trustee Emails Project

11. New Business

a.) Review Preliminary Actuarial Valuation

b.) Review/Approve IDOI Annual Statement

c.) Review/Approve Annual Audit

d.) Discussion/Possible Action – Active Member Workshop

e.) BMO Bank Signature Card and Resolution Update

12. Attorney’s Report – Ottosen

a.) Pension Insights (Second Quarter 2025)

b.) Fiduciary Insights (March 2025)

c.) IAFPD Fire Call Pension Pointers (Winter 2025)

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/740/files/agenda/1230