Village of Palatine Police Pension Board met Feb. 10
Here is the agenda provided by the board:
I. CALL TO ORDER
II. ROLL CALL
III. APPROVAL OF MINUTES
Approve minutes from the 11/11/2025 Regular Police Pension meeting.
A. Approve minutes from the 11/11/2025 Regular Police Pension meeting.
IV. REVIEW OF CLOSED SESSION MINUTES
A. Semi-annual review of closed meeting minutes and verbatim recordings
V. ORDERS OF PAYMENTS
A. Payment to LAUTERBACH & AMEN, LLP for former Palatine Police Officer J. Elliott calculation. Amount $500.
B. Payment to Sam Maki for an 8-hour trustee training reimbursement through IPPFA $295.00.
C. Quarterly payment to Puchalski Goodloe LLC for legal services.
VI. OLD BUSINESS
VII. NEW BUSINESS
A. Update regarding statement of economic interest forms
B. Review trustee term expiration and election procedures
C. Review Village of Palatine financial report
D. Discussion and action if necessary on cash management guidelines.
VIII. LEGAL UPDATE
A. Update regarding Patrick McGee disability application
IX. MEMBER RELATED ISSUES
A. Complete transfer of former Palatine Police Officer M. Porters.
B. Complete transfer of former Palatine Police Officer J. Elliott
C. Allow entry into Palatine Police Pension (Tier 2) all with a hire date of 12/17/2025: Michael Ranieri, Josephy Kirby, Alexander Fitzpatrick, Freddy Villanueva, Georgi Georgiev and Jason Daliones
D. Adjust pension benefit for Martin McCarthy as firearms pay was initially included, which should not have been. This results in $11.57 reduction in monthly benefit.
E. Return pension contributions to former Palatine Police Officer M. Fu in the amount of $3872.60
F. Approve the retirement of Palatine Police Officer Garth Martino on 04/30/2026 Hire Date: 01/06/1999 Creditable Service: 27 years 3 months 25 days
Annual Salary: $124760.40 (2025 rate)
Monthly benefit: $7,017.77
X. CLOSED SESSION AS REQUIRED
XI. PUBLIC COMMENT
XII. ADJOURNMENT
https://palatineil.portal.civicclerk.com/event/1858/files/agenda/4498
