The city of Peoria Firemen's Pension Fund Board of Trustees met Jan. 30 to report contributions.
Here are the meeting's agenda, as provided by the board:
This Committee meets on the 4th Monday of the month at 9:30 A.M. at City Hall, 419 Fulton Street, Room 404.
January 30, 2017 Peoria, Illinois
AGENDA
RESCHEDULED 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 will be held in remembrance of those Firefighters who have served our community.
MINUTES
Recommendation to Approve the Minutes of the Regular Board Meeting held on November 28, 2016, and the Minutes of the Special Board Meeting held on December 12, 2016, as printed.
UNFINISHED BUSINESS
ITEM NO. 1 PUBLIC HEARING Regarding the Disability of MICHAEL BROOKS Pursuant to
the Applicable Provisions of Article 4 of the Illinois Pension Code, and the Board to Consider the Matter and Take Such Action as Needed.
REGULAR BUSINESS
ITEM NO. 2 MONTHLY PORTFOLIO PERFORMANCE REVIEW by TOM McSHANE of
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, and Review of the Open Orders with the S&P 500 Exchange Traded Fund (ETF) with Request to Receive and File Reports or Take Other Action.
ITEM NO. 3 DISCUSSION Regarding the INVESTMENT POLICY, with a Request to
Approve.
ITEM NO. 4 REVIEW of GREAT LAKES 4TH QUARTER REPORT, with Request to Receive
and File.
ITEM NO. 5 Report from Fire Marshal Charles Lauss of Pension Fund Contributions, which
were made by payroll deductions during the MONTH of NOVEMBER 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, Receive and File.
Payroll Period When Deducted Amount October 21, 2016 – November 5, 2016 November 15, 2016 $ 66,864.57 November 6, 2016 – November 20, 2016 November 30, 2016 $ 66,739.33
TOTAL $133,603.90
ITEM NO. 6 Report from Fire Marshal Charles Lauss of Pension Fund Contributions, which
were made by Payroll Deductions During the MONTH of DECEMBER 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 November 21, 2016 – December 5, 2016 December 15, 2016 $ 68,914.80 December 6, 2016 – December 20, 2016 December 30, 2016 $ 68,881.12
TOTAL $137,795.92
ITEM NO. 7 Discussion Regarding PENSION BENEFIT INCREASES for 2017, with a
Request to Approve.
ITEM NO. 8 Request to Approve the Following BILLS:
Ratify Pensions for December 2016 (Dated December 30, 2016). $1,032,449.74
TOTAL FOR DECEMBER. $1,032,449.74
Pensions for January 2017 (Dated January 30, 2017). 1,054,638.92 Neuropsychology Clinic – Evaluation of Physkie Green. 3,030.00 Lauterbach & Amen – Professional Services for December 2016. 3,155.00
SUB-TOTAL FOR JANUARY 2017. 1,060,823.92
Great Lakes Advisors – Mgmt Fees as of 12/31/16. 18,075.15* Kayne Anderson Rudnick – Mgmt Fees for 1/1/17 to 3/31/17. 13,020.00* SKBA Capital Management, LLC – Mgmt Fees as of 12/31/16. 1,679.80* Premier Asset Management LLC – Mgmt Fees as of 12/31/16. 9,937.03*
TOTAL FOR JANUARY 2017. 1,103,535.90
GRANT TOTAL. $2,135,985.64
*No check should be processed for this amount. This amount is to be automatically deducted from the account.
ITEM NO. 9 REQUEST for REMOVAL from PENSION ROLLS of RAYMOND RUSSELL, due
to his Death on January 12, 2017. RECOMMENDATION to Pay the Sum of $2,054.99 for 12 days of January 2017 to the Estate of Raymond Russell and to Receive and File the Death Certificate Upon Receipt.
ITEM NO. 10 MONTHLY FINANCIAL REPORTS from LAUTERBACH & AMEN, LLP for the
Months of NOVEMBER 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. 11 MONTHLY FINANCIAL REPORTS from LAUTERBACH & AMEN, LLP for the
Months of DECEMBER 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. 12 RECEIPTS and DISBURSEMENTS REPORTS for PEORIA COMMUNITY BANK
and HARRIS BANK from Patrick Nichting, Treasurer, for the Month of NOVEMBER 2016, with Recommendation to Receive and File.
ITEM NO. 13 RECEIPTS and DISBURSEMENTS REPORTS for PEORIA COMMUNITY BANK
and HARRIS BANK from Patrick Nichting, Treasurer, for the Month of DECEMBER 2016, with Recommendation to Receive and File.
ITEM NO. 14 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. 15 REQUEST for APPROVAL of a RETAINER AGREEMENT for SECURITIES
MONITORING with the Law Firm SHEPHERD FINKELMAN MILLER & SHAH LLP and to Direct President Nieukirk to Sign the Document. (Replaces the Agreement with Pomerantz, Grossman, Hufford, Dahlstrom & Gross, LLP)
ITEM NO. 16 DISCUSSION Regarding the 2017 IPPFA ILLINOIS PENSION CONFERENCE,
to be Held May 2 – 5, 2017, in Itasca, Illinois. RECOMMENDATION: To Allow Board Members to Attend, if they wish, and to Receive a Per Diem, and Reimbursement for Hotel and Travel Expenses OR to Receive and File.
ITEM NO. 17 ANNUAL REVIEW of the Disability of PHYSKIE GREEN, with Request to
Receive and File or to Take Other Action.
UNFINISHED BUSINESS
ITEM NO. 18 DISCUSSION Regarding the Services of LIFE STATUS 360 and the Services of
LAUTERBACH & AMEN Regarding the AFFIDAVITS OF STATUS, with Request to Take Action Deemed Necessary.
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 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
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