North Cook News

Village of Buffalo Grove Firefighters’ Pension Fund Board of Trustees met Aug. 4

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.) May 12, 2025 Regular Meeting

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

6. Financial/Investment Reports

a.) Monthly Financial Reports from Lauterbach & Amen (April, May and June 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 (April, May and June 2025)

g.) Review/Approval – FPIF Monthly Investment Summaries (April, May and June 2025)

7. Communications and Reports

a.) Affidavits of Continued Eligibility

b.) Active Member File Maintenance

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

a.) Applications for Membership – Tim Heatley, Patrick Murray and Nick Wolski

b.) Status of Baniqued Combined Creditable Service/Reciprocity

9. Applications for Retirement/Disability Benefits/QILDROs

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

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

i. Status of Dorsey QILDRO

ii. Status of Gatto QILDRO

iii. Status of Olsen QILDRO

c.) Annual Independent Medical Examination – William Simmons

10. Old Business

a.) Review/Approve – RFQ for Insurance Brokers

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

c.) Review/Approve Annual Audit

d.) Discussion/Possible Action – Active Member Workshop

11. New Business

a.) Review/Approve – Actuarial Valuation and Tax Levy Request

b.) Review/Adopt – Municipal Compliance Report

c.) Board Officer Elections – President and Secretary

d.) FOIA Officer and OMA Designee

12. Attorney’s Report – Ottosen

a.) Pension Insights for Third Quarter 2025 (Investing in Members)

b.) Fiduciary Insights (July 2025) (Documenting Processes)

c.) IAFPD Fire Call Pension Pointers Spring 2025 (Social Security Fairness Act)

d.) IAFPD Conference Presentations (June 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/741/files/agenda/1295