City of Peoria Firemen's Pension Fund Board of Trustees will meet April 23.
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 in remembrance of those Firefighters who lost their lives while serving their community.
Minutes:
Recommendation to Approve the Minutes of the Regular Board Meeting held March 26, 2018, 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, Presentation by Segal & Bryant, 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. 2 Discussion Regarding the Combination of Management Services for the Large Cap Value Manager with Great Lakes Advisors for the Police Pension Fund and the Fire Pension Fund, which Would Cost the Fund 35 Basis Points Versus 50 Basis Points, with Possible Action.
Item No. 3 Report from Fire Marshal Ed Olehy of Pension Fund Contributions, which were made by payroll deductions during the Month of March 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
Feb. 21, 2018 – Mar. 5, 2018 March 15, 2018 $ 68,647.24
Mar. 6, 2018 – Mar. 20, 2018 March 30, 2018 68,141.71
Total $136,788.95
Item No. 4 Request to Approve the following BILLS:
Pensions for April 2018 (dated April 30, 2018)………. $1,178,050.12
Lauterbach & Amen, LLP for the month of March 2018. 3,275.00
Reimer Dobrovolny & Karlson LLC. 11,362.46
Sub-Total For April. 1,192,687.58
Grand Total For April. $1,192,687.58
Item No. 5 Application for Regular Retirement Pension for Fire Captain Roger Traver to become effective April 5, 2018, (last day paid by the City was April 4, 2018) based on 69.7917% of his Annual Salary of $102,370.60 (which includes longevity). Pension to be paid for the remaining 26 days of April in the amount of $5,159.96 and $5,953.85 for every month thereafter. The pension benefit amount is to be split with the Pekin Firemen’s Pension Fund with $802.76 to be paid by Pekin Firemen’s Pension Fund and $5,151.09 to be paid by Peoria Firemen’s Pension Fund, with Request to Approve.
Item No. 6 Application for Regular Retirement Pension for Fire Engineer Michael Richardson to become effective April 5, 2018, (last day paid by the City was April 4, 2018) based on 60.8333% of his Annual Salary of $89,931.97 (which includes longevity). Pension to be paid for the remaining 26 days of April in the amount of $3,951.22 and $4,559.05 for every month thereafter. The pension benefit amount is to be split with the Pekin Firemen’s Pension Fund with $xxxxx to be paid by Pekin Firemen’s Pension Fund and $xxxxxx to be paid by Peoria Firemen’s Pension Fund, with Request to Defer until the May 2018 Fire Pension Board Meeting
Item No. 7 Discussion Regarding the Resignation of Firefighter Demarco Tillman, with the request to APPROVE the Refund of Fire Pension Contributions in the amount of $4,967.98, before taxes.
Item No. 8 Monthly Financial Reports from Lauterbach & Amen, LLP for the Month of March 2018, 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. 9 Receipts and Disbursements Reports for Peoria Community Bank and Harris Bank from Patrick Nichting, Treasurer, for the Month of March 2018, with Recommendation to Receive and File.
Item No. 10 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.
Unfinished Business:
Item No. 10 Update Regarding the Affidavits Of Eligibility with 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/2017/10/4-23-18-RESCHEDULED-FIREMENS-PENSION-FUND-BOARD-MTG-AGENDA_1524171467_add.pdf
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