Peoria Standard

The city of Peoria Firemen's Pension Fund Board of Trustees met  Monday, Sept. 26.

Here is the meeting agenda as provided by Peoria:

ROLL CALL

Roll Call of the following members: Ball, Nichting, Phillips, Troglio, President Nieukirk.

INVOCATION

Moment of silence in remembrance of those Firefighters who lost their lives while serving their community.

MINUTES

Recommendation to Approve the Minutes of the Regular Board Meetings held on August 29, 2016, as printed.

UNFINISHED BUSINESS

ITEM NO. 1 PUBLIC HEARING Regarding the MICHAEL BROOKS DISABILITY to Consider the Admission of Documentary Evidence, to Hear Argument Regarding the Continuation of Disability at that Time, and Continue the Matter for Deliberation, with Request to Receive and File or to Take Other Action Deemed Necessary.

REGULAR BUSINESS

ITEM NO. 2 Request to RECEIVE and FILE the MUNICIPAL COMPLIANCE REPORT for the FIREMEN’S PENSION FUND OF PEORIA for the Year Ended DECEMBER 31, 2015, Prepared by Lauterbach and Amen, with a Request to Receive and File.

ITEM NO. 3 REQUEST to RECEIVE and FILE the TAX LEVY REPORT for ANNUAL REQUIREMENTS OF THE FUND as Contemplated by Section 4-118 of the Illinois Pension Code, in the Amount of $8,404,575.00.

ITEM NO. 4 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, and Discussion and Review of

the Asset Allocations and Possible Consolidation of Fixed Income Managers with Request to Receive and File Reports or Take Other Action.

ITEM NO. 5 DISCUSSION Regarding the Fund’s Current INVESTMENT POLICY, with a Request to Receive and File or to Take Other Action.

ITEM NO. 6 Report from Fire Marshal Charles Lauss of Pension Fund Contributions, which were made by payroll deductions during the MONTH of AUGUST 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

July 21, 2016 – August 5, 2016 August 15, 2016 $ 67,701.45

August 6, 2016 – August 20, 2016 August 31, 2016 $ 67,333.73

$135,035.18

ITEM NO. 7 Request to Approve the following BILLS:

Pensions for September 2016 (dated September 30, 2016)…………… $1,023,756.56

Sivertsen Reporting Service – Disability Hearing for Parkmon………… 727.00

Lauterbach & Amen, LLP – May 98Professional Services……………. 3,155.00

Lauterbach & Amen, LLP – August Professional Services……………. 3,155.00

Stefanie Rice – 3rd Quarter Administrative Services (July – Sept)……. 1,100.00

GRAND TOTAL FOR SEPTEMBER….…………………………………… $1,031,893.56

ITEM NO. 8 REQUEST to APPROVE the REMOVAL from the PENSION ROLLS of HELEN ADAMS due to her Death on July 22, 2016, and to make payment to the Helen Adams Estate in the Amount of $1,159.27 for 22 days of July 2016.

Recommendation: Receive and File the Death Certificate upon Receipt and to Approve the Payment of $1,159.27 for 22 days of July and to Approve the Request for Reimbursement of Overpayment to the Estate, in the Amount of $309.14.

ITEM NO. 9 MONTHLY FINANCIAL REPORTS from LAUTERBACH & AMEN, LLP for the Month of AUGUST 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. 10 RECEIPTS and DISBURSEMENTS REPORTS for PEORIA COMMUNITY BANK and HARRIS BANK from Patrick Nichting, Treasurer, for the Month of AUGUST 2016, with Recommendation to Receive and File.

ITEM NO. 11 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. 12 STATUS Regarding the DISABILITY APPLICATION of ANGELA ALLEN, with a Request to Receive and File.

ITEM NO. 13 DISCUSSION Regarding the Purchase of Creditable Service by ROBERT PARKMON, with Request to Receive and File.

ITEM NO. 14 STATUS Regarding the Annual Appointments Regarding the Disability of PHYSKIE GREEN, with Request to Receive and File.

ITEM NO. 15 STATUS by the Senior Investment Management Consultant Tom McShane with Graystone Consulting Regarding the Closing of an OLD ACCOUNT with WELLS FARGO BANK.

NEW BUSINESS

CITIZENS’ OPPORTUNITY TO ADDRESS THE BOARD OF TRUSTEES

EXECUTIVE SESSION

Request for a Motion to go into EXECUTIVE SESSION to discuss 2(c)(21) for a Discussion of minutes of meetings lawfully closed under this Act held May 24, 2016, and August 17, 2016, whether for purposes of approval by the body of the minutes or semi-annual review of the minutes as mandated by Section 2.06 AND Any Other Exceptions.

ADJOURNMENT