City of Peoria Firemen's Pension Fund Board of Trustees met July 24.
Here is the minutes provided by the Board:
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 22, 2017, and the Regular Board Meeting held June 26, 2017, as printed.
Regular Business
Item No. 1
Presentation By Foster & Foster Regarding The January 1, 2017, Actuarial Valuation, with Request to Receive and File
Item No. 2
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), with Request to Receive and File the Reports.
Item No. 3 Report from Fire Marshal Charles Lauss of Pension Fund Contributions, which
were made by payroll deductions during the MONTH Of JUNE 2017, 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
May 21, 2017 – June 5, 2017 June 15, 2017 $ 69,368.99
June 6, 2017 – June 20, 2017 June 30, 2017 $ 69,339.75
$138,708.74
Item No. 4
Request to Approve the following Bills:
Pensions for July 2017 (dated July 31, 2017). 1,085,282.20 City of Peoria – 2nd Quarter 2017 Postage. 29.75 2017 IPPFA MidAmerican Pension Conference for Jack Nieukirk. 375.00 2017 IPPFA MidAmerican Pension Conference for Joe Troglio. 375.00 2017 IPPFA MidAmerican Pension Conference for Patrick Nichting 375.00 2017 IPPFA MidAmerican Pension Conference for Beth Ball. 375.00 City of Peoria – Purchase of 3 iPads. 1,006.23 Lauterbach & Amen, LLP – Professional Services June 2017. 3,245.00 Lauterbach & Amen, LLP – Professional Services May 2017. 3,245.00 Lauterbach & Amen, LLP – IDOI for Fiscal Year Ended 12/31/16. 4,205.00 Graystone Consulting – Investment Advisory Fee April to June 2017 24,456.09 SUB-TOTAL FOR JULY 2017. $1,122,969.27
SKBA Capital Management, LLC – Mgmt Fee 4/1/17 through 6/30/17 1,716.21* GRAND TOTAL FOR JULY 2017. $1,124,685.48
*No check should be processed for this amount. This amount is to be automatically deducted from the account.
Item No. 5
Application For Regular Retirement Pension For Brian L. Wilson to become effective July 17, 2017, (last day paid by the City July 16, 2017) based on 67.9167% of his Annual Salary of $107,375.01 (which includes longevity). Pension to be paid for the remaining 15 days of July, in the Amount of $2,940.60 and $6,077.13 for every month thereafter with recommendation for the Board to Approve.
Item No. 6
Monthly Financial Reports From Lauterbach & Amen, Llp For The Month Of June 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. 7
Receipts And Disbursements Reports For Peoria Community Bank And Harris Bank from Patrick Nichting, Treasurer, for the Month of June 2017, with Recommendation to Receive and File.
Item No. 8
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. 9
Discussions Regarding A Qualified Illinois Domestic Relations Order And Consent For An Issuance for Heidi Schoenbein n/k/a Chiavario, Previously Married to Firefighter Fritz W. Schoenbein, with a Request to Receive and File or Take Other Action Deemed Appropriate.
Item No. 10
Discussion Regarding The City Of Peoria’s Supplement To Petition To Intervene in Regards to the Matter of the Application for a Line-of-Duty Disability Pension made by Angela Allen with a Request to Receive and File or Take Other Action Deemed Appropriate.
Item No. 11
Discussion Regarding the 2017 IPPFA Midamerican Pension Conference, to be Held October 3 - 6, 2017, in St. Louis, Missouri. Recommendation: To Allow Board Members to Attend, if they wish, and to Receive a Per Diem, and Reimbursement for Hotel and Travel Expenses.
Unfinished Business
Item No. 12
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/2017/01/7-24-17-FIREMENS-PENSION-FUND-BOARD-MTG-AGENDA_1500660221_add.pdf
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