Peoria Firemen's Pension Fund Board of Trustees met Monday, June 27.
Board of trustees meets on the 4th Monday of the month at 9:30 A.M. at City Hall, 419 Fulton Street, Room 404.
Here is the agenda as provided by Peoria:
AGENDA
REGULAR MEETING OF THE BOARD OF TRUSTEES OF THE FIREMEN’S PENSION FUND OF PEORIA, ILLINOIS
A Regular Meeting of the Board of Trustees of the Firemen’s Pension Fund of Peoria, Illinois, will be held this date at City Hall, Room 404, 419 Fulton Street, Peoria, Illinois, at 9:30 A.M. with proper notice having been given, for the purpose of conducting regular Firemen’s Pension Fund business.
ROLL CALL
Roll Call of the following members: Ball, Nichting, Phillips, Troglio, President Nieukirk – 5.
INVOCATION
A moment of silence in remembrance of those Firefighters who lost their lives while serving their community.
MINUTES
Recommendation to Approve the Minutes of the Rescheduled Regular Board Meeting held May 25, 2015, as printed.
REGULAR BUSINESS
ITEM NO. 1 MONTHLY PORTFOLIO PERFORMANCE REVIEW by TOM McSHANE GRAYSTONE CONSULTING (A business of Morgan/Stanley Smith-Barney), and Discussion Regarding Recommendations, Possible Action Regarding the Firemen’s Pension Fund Portfolio Performance, Discussion and Review of the Asset Allocations, Review of the Open Orders with the S&P 500 Exchange Traded Fund (ETF), and Possible Action on Custodial Agreement Change with Request to Receive and File Reports or Take Other Action.
ITEM NO. 2 Report from Fire Marshal Charles Lauss of Pension Fund Contributions, which were made by payroll deductions during the MONTH of MAY 2016, from the active members of the Peoria Fire Department and which checks were turned in to the City Treasurer’s Office by Director of Finance/Comptroller, with Recommendation to Concur and Receive and File.
Payroll Period When Deducted Amount
April 21, 2016 – May 5, 2016 May 16, 2016 $ 68,730.48
May 6, 2016 – May 20, 2016 May 31, 2016 $ 68,930.34
$137,660.82
ITEM NO. 3 Request to Approve the following BILLS:
Pensions for June 2016 (dated June 30, 2016)………………………...$1,026,566.40
Morgan Stanley – April 1, 2016 to June 30, 2016………………………..... 23,834.00
Segall Bryant & Hamill – Jan 1, 2016 to Mar 31, 2016………………....…. 13,873.77
Reimer Dobrovolny & Karlson LLC – Legal Services 1/30/16 to 3/25/16)... 4,412.70
INSPE Associates, Ltd – Parkmon Disability – IME Dr. Samo…….....……. 3,525.00
INSPE Associates, Ltd – Parkmon Disability – IME Dr. McDonough…...... 1,320.00
Stefanie Rice – 2nd Quarter 2016 Administrative Services….……….....… 1,100.00
Sivertsen Report Services – Michael Brooks Transcripts………….......……. 265.00
SUB-TOTAL FOR JUNE 2016…………………………………….....……… $1,074,896.87
GRAND TOTAL FOR JUNE 2016…….……………………......…………… $1,074,896.87
ITEM NO. 4 REQUEST to APPROVE the REMOVAL from the PENSION ROLLS of PATRICIA BOZSOKI due to her Death on June 6, 2016, and to make payment to the Patricia Bozsoki Estate in the Amount of $1,214.38 for 6 days of June 2016.
Recommendation: Receive and File the Death Certificate Upon Receipt and to Approve the Payment of $1,214.38 for 6 days of June 2016.
ITEM NO. 5 REQUEST to APPROVE the REMOVAL from the PENSION ROLLS of VIVIAN FRYE due to her Death on June 8, 2016, and to make payment to the Vivian
Frye Estate in the Amount of $1,614.82 for 8 days of June 2016.
Recommendation: Receive and File the Death Certificate Upon Receipt and to Approve the Payment of $1,614.82 for 8 days of June 2016.
ITEM NO. 6 REQUEST to APPROVE the REMOVAL from the PENSION ROLLS of FRIEDA SCHEPKE due to her Death on June 9, 2016, and to make payment to the Frieda Schepke Estate in the Amount of $347.79 for 9 days of June 2016.
Recommendation: Receive and File the Death Certificate Upon Receipt and to Approve the Payment of $347.79 for 9 days of June 2016.
ITEM NO. 7 REQUEST to APPROVE the REMOVAL from the PENSION ROLLS of RUTH GRANT due to her Death on June 12, 2016, and to make payment to the Ruth Grant Estate in the Amount of $463.70 for 12 days of June 2016.
Recommendation: Receive and File the Death Certificate and to Approve the
Payment of $463.70 for 12 days of June 2016.
ITEM NO. 8 APPLICATION for REGULAR RETIREMENT PENSION for BRIAN REYNOLDS to become effective June 18, 2016, (last day paid by the City June 17, 2016)
based on 72.5% of his Annual Salary of $98,533.66 (which includes longevity).
Pension to be paid for the remaining 13 days of June, in the Amount of $2,579.72 and $5,953.08 for every month thereafter with a request to receive and file the letter to deduct monthly insurance premiums from his monthly benefit check at the appropriate time. Recommendation for the Board to Approve.
ITEM NO. 9 Review of APPLICATION FOR MEMBERSHIP to the Firemen’s Pension Fund for GEORGE PETRILLI, WITH Recommendation to Approve. (Under Tier II Benefits)
ITEM NO. 10 Review of APPLICATION FOR MEMBERSHIP to the Firemen’s Pension Fund for THOMAS HOHENZY, WITH Recommendation to Approve. (Under Tier II Benefits)
ITEM NO. 11 Review of APPLICATION FOR MEMBERSHIP to the Firemen’s Pension Fund for JASON BENNE, WITH Recommendation to Approve. (Under Tier II Benefits)
ITEM NO. 12 Review of APPLICATION FOR MEMBERSHIP to the Firemen’s Pension Fund for DEMARIO LEWIS, WITH Recommendation to Approve. (Under Tier II Benefits)
ITEM NO. 13 Review of APPLICATION FOR MEMBERSHIP to the Firemen’s Pension Fund for MASON HELMS, WITH Recommendation to Approve. (Under Tier II Benefits)
ITEM NO. 14 Review of APPLICATION FOR MEMBERSHIP to the Firemen’s Pension Fund for ZACHARY FULFORD, WITH Recommendation to Approve. (Under Tier II Benefits)
ITEM NO. 15 Review of APPLICATION FOR MEMBERSHIP to the Firemen’s Pension Fund for KYLE OLLER, WITH Recommendation to Approve. (Under Tier II Benefits)
ITEM NO. 16 Review of APPLICATION FOR MEMBERSHIP to the Firemen’s Pension Fund for TRAVIS WALKER, WITH Recommendation to Approve. (Under Tier II Benefits)
ITEM NO. 17 Review of APPLICATION FOR MEMBERSHIP to the Firemen’s Pension Fund for BRANDON PINKSTON, WITH Recommendation to Approve. (Under Tier II Benefits)
ITEM NO. 18 Review of APPLICATION FOR MEMBERSHIP to the Firemen’s Pension Fund for CAMERON BRIDGES, WITH Recommendation to Approve. (Under Tier II Benefits)
ITEM NO. 19 Review of APPLICATION FOR MEMBERSHIP to the Firemen’s Pension Fund for TYLER FARRELL, WITH Recommendation to Approve. (Under Tier II Benefits)
ITEM NO. 20 Review of APPLICATION FOR MEMBERSHIP to the Firemen’s Pension Fund for DEZMEND SWANSON, WITH Recommendation to Approve. (Under Tier II Benefits)
ITEM NO. 21 Review of APPLICATION FOR MEMBERSHIP to the Firemen’s Pension Fund for RAYMOND RAMOS, WITH Recommendation to Approve. (Under Tier II Benefits)
ITEM NO. 22 MONTHLY FINANCIAL REPORTS from LAUTERBACH & AMEN, LLP for the Month of MAY 2016, which Includes the STATEMENT OF PLAN NET ASSETS, STATEMENT OF CHANGES IN PLAN NET ASSETS, SUMMARY of CASH AND INVESTMENTS, BALANCE SHEET, REVENUES and REVENUE REPORT, EXPENSES and EXPENSE REPORT, PAYROLL JOURNAL, and VENDOR CHECKS REPORT, with Recommendation to Approve.
ITEM NO. 23 RECEIPTS and DISBURSEMENTS REPORTS for PEORIA COMMUNITY BANK and HARRIS BANK from Patrick Nichting, Treasurer, for the Month of MAY 2016, with Recommendation to Receive and File.
ITEM NO. 24 REQUEST for APPROVAL of a RESOLUTION Authorizing Trustee Patrick Nichting the POWER TO INVEST, and Authorize Trustee Nichting to Maintain a Minimum of $10,000.00 in the HARRIS BANK ACCOUNT.
ITEM NO. 25 REQUEST to RECEIVE and FILE the DOI ANNUAL STATEMENT for the FISCAL YEAR ENDING 12/31/2015.
ITEM NO. 26 REQUEST for APPROVAL of a RESOLUTION Regarding the RELEASE of EXECUTIVE SESSION MINUTES.
ITEM NO. 27 DISCUSSIONS Regarding GASB STATEMENT NO. 67 & 68, with Request to Receive and File.
UNFINISHED BUSINESS
ITEM NO. 28 DISCUSSION Regarding FOIA Request from SNODGRASS LAW FIRM Pertaining to Records for MICHAEL BROOKS, with Request to Receive and File.
NEW BUSINESS
CITIZENS’ OPPORTUNITY TO ADDRESS THE BOARD OF TRUSTEES
EXECUTIVE SESSION
ADJOURNMENT
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