City of Peoria Firemen's Pension Fund Board of Trustees met March 26.
Here is the agenda provided by the Board:
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 February 26, 2018, as printed.
Regular Business:
Item No. 1 Notice Of Lawsuit Filed on Behalf of the City Of Peoria Regarding a Complaint Against the Board of Trustees of the Firemen’s Pension Board and Angela Allen Regarding a Complaint for Administrative Review pertaining to a Final Decision Made by the Board on January 22, 2017, with Request to Receive and File and to Refer to Attorneys Reimer, Dobrovolny & Karlson, LLC.
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, Review of Premier Asset Management with Possible Action Regarding Termination, and Discussion and Review of the Asset Allocations with Request to Receive and File Reports or Take Other Action.
Item No. 3 Report from Fire Marshal Ed Olehy of Pension Fund Contributions, which were made by payroll deductions during the Month of February 2018, 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
Jan. 21, 2018 – Feb. 5, 2018 February 15, 2018 $ 68,847.58
Feb. 6, 2018 – Feb. 20, 2018 February 28, 2018 68,355.36
Total 137,202.94
Item No. 4 Request to Approve the following Bills:
Pensions for March 2018 (dated March 31, 2018)……….…………. $ 1,174,416.89
Graystone Consulting – For Period 1/1/18 to 3/31/18. 27,025.62
Lauterbach & Amen – Professional Services for February 2018. 3,275.00
Stefanie Tarr – First Quarter 2018 Administrative Services. 1,350.00
Lauterbach & Amen – Payroll Tax Returns for year ended 12/31/17 915.00
19th Annual AFFI Fran Gambro Conference for Ralph Phillips. 150.00
Sub-Total For March…………………………………………… $ 1,207,132.51
Grand Total For March….…….……………………………… $ 1,207,132.51
Item No. 5 Application For Regular Retirement Pension for Richard Booth to become effective March 17, 2018, (last day paid by the City March 16, 2018) based on 75% of his Annual Salary of $112,630.24 (which includes longevity). Pension to be paid for 15 days of March, in the Amount of $3,406.20 and $7,039.39 for every month thereafter with a recommendation for the Board to Approve.
Item No. 6 Monthly Financial Reports from Lauterbach & Amen, LLP for the Month of February 2018, which Includes the Statement Of Plan Net Assets, Statement Of Changes In Plan Net Assets, Summary of Cash And Investments, Revenue and Expense Reports, Payroll Report, and Quarterly Vendor Check 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 February 2018, 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 Review of Application For Membership to the Firemen’s Pension Fund for Joshua V. Hunt hired on January 19, 2018, with Recommendation to Approve. (Under Tier II Benefits)
Item No. 10 Review Of Application For Membership to the Firemen’s Pension Fund for Aaron Biresaw hired on January 19, 2018, with Recommendation to Approve. (Under Tier II Benefits)
Item No. 11 Review of Application For Membership to the Firemen’s Pension Fund for Nicho’ Lous Parks hired on January 19, 2018, with Recommendation to Approve. (Under Tier II Benefits)
Item No. 12 Review of Application For Membership to the Firemen’s Pension Fund for Garrett Williamson hired on January 19, 2018, with Recommendation to Approve. (Under Tier II Benefits)
Item No. 13 Review of Application For Membership to the Firemen’s Pension Fund for Nicholas Syck hired on January 19, 2018, with Recommendation to Approve. (Under Tier II Benefits)
Item No. 14 Review of Application For Membership to the Firemen’s Pension Fund for Kevin Macgregor hired on January 22, 2018, with Recommendation to Approve. (Under Tier I Benefits)
Item No. 15 Review of Application For Membership to the Firemen’s Pension Fund for Justin Siekmann hired on January 19, 2018, with Recommendation to Approve. (Under Tier II Benefits)
Item No. 16 Review of Application For Membership to the Firemen’s Pension Fund for Bradley Scott Flessner hired on January 19, 2018, with Recommendation to Approve. (Under Tier II Benefits)
Item No. 17 Review of Application For Membership to the Firemen’s Pension Fund for Efstratios P. Trilikis hired on January 23, 2018, with Recommendation to Approve. (Under Tier II Benefits)
Item No. 18 Review of Application For Membership to the Firemen’s Pension Fund for Kayli N. Arjes hired on January 19, 2018, with Recommendation to Approve. (Under Tier II Benefits)
Item No. 19 Review of Application For Membership to the Firemen’s Pension Fund for Matthew R. Hoyle hired on January 19, 2018, with Recommendation to Approve. (Under Tier II Benefits)
Item No. 20 Discussion Regarding the Procedure for Deferred Pensions or Firefighters who are Deceased but Contributions have not been Returned, with Possible Action.
Item No. 21 Request for the Approval to Change the Time of the April 23, 2018, Regular Board Meeting to Conduct Regular Firemen’s Pension Fund Business and To Set a Date, Time, and Place for a Special Board Meeting on the Evening of April 23, 2018, to Hold a Swearing-In Ceremony for a Newly Elected Trustee.
Item No. 22 Discussion Regarding Setting a Date for the May Regular Board Meeting, Due to Memorial Day. Recommendation: Take Action Deemed Appropriate.
Unfinished Business
New Business
Citizens’ Opportunity To Address The Board Of Trustees
Executive Session
Adjournment
http://www.peoriagov.org/content/uploads/2017/10/3-26-18-FIREMENS-PENSION-AGENDA_1521841137_add.pdf
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