City of Peoria Firemen's Pension Fund Board of Trustees met November 20.
Here is the agenda provided by the Board:
A Rescheduled 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:
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 Meeting held on October 23, 2017, and the Minutes of the Special Meeting held on October 23, 2017, 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, and 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 Reports or Take Other Action.
Item No. 2 Great Lakes Advisors, LLC Third Quarter Investment Review with a Request to Receive and File or Take Other Action.
Item No. 3 Report from Fire Marshal Charles Lauss of Pension Fund Contributions, which were made by payroll deductions during the Month Of October 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
September 21, 2017 – October 5, 2017 October 16, 2017 $ 68,914.82
October 6, 2017 – October 20, 2017 October 29, 2017 $ 68,774.54
$137,686.36
Item No. 4 Request to Approve the following BILLS:
Pensions for November 2017 (Dated November 30, 2017). $1,113,524.28
Advantage Reporting Service – Allen Disability Transcript 10/23/17. 1,707.75
Foster & Foster – Community Conversation on Pensions. 300.00
City of Peoria – 3rd Quarter 2017 Postage. 24.24
Ralph Phillips – Voided Check for the IPPFA 2018 Prepay Lodging. (170.43)
Subtotal.$1,115,556.27
*Great Lakes Advisors – 7/1/17 to 9/30/17 Management fee. 20,400.12
*Segall Bryant & Hamill – 7/1/17 to 9/30/17 Management fee. 16,054.59
*Kayne Anderson Rudnick – 10/1/17 to 12/31/17 Management fee. 15,289.50
Grand Total For November.$1,167,300.48
*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 Fire Battalion Chief Kent Seiler to become effective November 17, 2017, (last day paid by the City November 16, 2017) based on 73.96% of his Annual Salary of $123,133.48 (which includes longevity). Pension to be paid for the remaining 14 days of November, in the Amount of $3,541.59 and $7,589.13 for every month thereafter with recommendation for the Board to Approve.
Item No. 6 Application For Regular Retirement Pension For Fire Captain Daniel O’Neil to become effective November 18, 2017, (last day paid by the City November 17, 2017) based on 67.71% of his Annual Salary of $102,261.92 (which includes longevity). Pension to be paid for the remaining 13 days of November, in the Amount of $2,500.42 and $5,770.13 for every month thereafter with recommendation for the Board to Approve.
Item No. 7 Application For Regular Retirement Pension For Fire Division Executive Ronald Jones to become effective November 18, 2017, (last day paid by the City November 17, 2017) based on 75.00% of his Annual Salary of $135,101.09. Pension to be paid for the remaining 13 days of November, in the Amount of $3,658.98 and $8,443.82 for every month thereafter with recommendation for the Board to Approve.
Item No. 8 Application For Regular Retirement Pension For Fire Division Executive Phillip Maclin to become effective November 18, 2017, (last day paid by the City November 17, 2017) based on 68.75% of his Annual Salary of $135,101.09. Pension to be paid for the remaining 13 days of November, in the Amount of $3,354.13 and $7,740.17 for every month thereafter with recommendation for the Board to Approve.
Item No. 9 Application For Regular Retirement Pension For Fire Captain Ron Hawotte, JR. to become effective November 20, 2017, (last day paid by the City November 19, 2017) based on 68.75% of his Annual Salary of $102,261.92 (which includes longevity). Pension to be paid for the remaining 11 days of November, in the Amount of $2,148.19 and $5,858.76 for every month thereafter with recommendation for the Board to Approve.
Item No. 10 Monthly Financial Reports from Lauterbach & Amen, LLP for the Month of October 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 Reports, with Recommendation to Approve.
Item No. 11 Receipts and Disbursements Reports for Peoria Community Bank and Harris Bank from Patrick Nichting, Treasurer, for the Month of October 2017 with Recommendation to Receive and File.
Item No. 12 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. 13 Letter Of Understanding from Lauterbach & Amen Regarding Services for years ended December 31, 2018, 2019 and 2020. Recommendation: Take Action Deemed Appropriate.
Item No. 14 Discussion Regarding Setting a Date for the December Regular Board Meeting, Due to the Holidays. Recommendation: Take Action Deemed Appropriate.
Unfinished Business:
Item No. 15 Discussion Regarding Rebidding Ullico Fiduciary Insurance, which is Due to Expire November 15, 2017, with Possible Action
New Business
Citizens’ Opportunity To Address The Board Of Trustees
Executive Session
Adjournment
http://www.peoriagov.org/content/uploads/2017/10/11-20-17-FIREMENS-PENSION-FUND-BOARD-AGENDA_1510956162_add.pdf
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