City of Peoria Firemen's Pension Fund Board of Trustees met May 22.
Here is the agenda provided by the Board:
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:
Recommendationto Approve the Minutes of the Regular Meeting held on March 27,2017 and the Special Meeting and Rescheduled Regular Meeting held on April 24, 2017, as printed.
Regular Business:
Item No. 1 Monthly Financial Reports from Lauterbach & Amen, LLP for the Month of April 2017, 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.2 Discussion and Request for Approval of the Department of Insurance Annual Statement.
Item No.3 Auditor's Communication to the Board of Trustees for Year Ended 12/31/16, with Request to Receive and File or Take Other Action
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, 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.5 Report from Fire Marshal Charles Lauss of Pension Fund Contributions, which were made by payroll deductions during the MONTH of APRIL 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:
Mar. 21,2017-Apr. 5,2017
Apr. 6, 2017 - Apr. 20, 2017
When Deducted:
April 13, 2017
April 28, 2017
Amount:
$69,033.66
$68,899.44
Total: $137,933.10
Item No.6 Request to Approve the following Bills:
Pensions for May 2017 (dated May 31,2017)- $1,070,116.79
Illinois State Treasurer - Annual Compliance Fee- 8,000.00
Lauterbach & Amen - Professional Services for April 2017- 3,245.00
Jack Nieukirk - Reimbursement for Annual Board Dinner.- 1,202.55
Sikich - Professional Services provided through April 30, 2017- 1,000.00
City of Peoria - 1st Qtr 2017 Postage- 268.47**
Sub-Total For May- $1,083,832.81
Great Lakes Advisors (Jan 1, 2017, to Mar 31, 2017)- 18,899.29*
Kayne Anderson Rudnick (Apr 1,2017, to June 30,2017)- 13,648.00*
Segal Bryant & Hamil (Jan 1, 2017, to Mar 31, 2017)- 27,912.95*
SKBA Capital Mgmt (Jan 1,2017, to Mar 31,2017)- 1,692.72*
Grand Total for May- $1,145,985.77
*No check should be processed for this amount. This amount is to be automatically deducted from the account. **No check should be processed for these amounts. Checks were previously requested and issued.
Item No.7 Application for Regular Retirement Pension for Fire Engineer Mark D. Andrews to become effective May 19, 2017, (last day paid by the City was May 18, 2017) based on 70.00% of his Annual Salary of $90,377.18 (which includes longevity). Pension to be paid in the amount of $2,108.76 for the remaining 12 days of May and $5,272.00 for every month thereafter with a recommendation for the Board to Approve.
Item No.8 Application for Regular Retirement Pension for Fire Captain Barry Rolett to become effective July 6,2017, (last day paid by the City was July 5, 2017) based on 75.00% of his Annual Salary of $98,533.66 (which includes longevity). Pension to be paid in the amount of $3,079.20 for the remaining 15 days of July and $6,158.00 for every month thereafter with a recommendation for the Board to Approve.
Item No.9 Receipts and Disbursements Reports for Peoria Community Bank and Harris Bank from Patrick Nichting, Treasurer, for the Month of APRIL 2017, with Recommendation to Receive and File.
Item No. 10 Request For Approval of a Resolutionauthorizing 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. 11 Request for Approval of a Resolution Regarding The Release Of Executive Session Minutes.
Unfinished Business:
Item No. 12 Qualified Illinois Domestic Relations Order and Consent for An Issuance for Rollanda McCoy, Previously Married to Firefighter James McCoy, with a Request to Approve.
Item No. 13 Continued Discussion Regarding the Buyback of Military Time, with a Request to Receive and File or Other Action Deemed Appropriate.
New Business
Citizens' Opportunity to Address the Board of Trustees
Executive Session
Adjournment
http://www.peoriagov.org/content/uploads/2017/01/5-22-17-FIREMENS-PENSION-AGENDA_1495231429_add.pdf
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