HomeMy WebLinkAboutFIRE PENSION - 05/06/1991 - Fire Pension MINUTES OF BOARD MEETING
ELK GROVE FIREMEN'S PENSION FUND
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A meeting of the Firemen's Pension Fund was held on Monday, May 6 1991 ini
the Headquarters Fire Station, 101 Biesterfield Road. The meeting was called
to order by President Harvey R. Speiden at 7:10 P.M.
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ROLL CALL � I
On Roll Call the following members were present: Harvey R. Speiden, Patricia
S. Smith, Georgr C. Coney, James D. MacArthur, Jerry L. Norris, Patrick L.
Beck and Joseph Gardner III. Absent was: Charles J. Zettek and George P.
Knickerbocker.
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MINUTES
Motion by J. Norris, seconded by G. Coney to accept the November 5, 1990
Minutes as written and dispense with their reading. Motion passed unanimously.
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TREASURER'S REPORT
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Treasurer G. Coney submitted a Balance Sheet, Schedule of Investments and a
Disbursement Register of the Firemen's Pension Fund as of April 30, 1991. � I
Treasurer G. Coney reviewed all three with the Board members and explained
their contents. Motion by J. MacArthur, seconded by J. Norris to certify the
Disbursement Register and place on file with the Minutes. Motion passed
unanimously. Treasurer G. Coney reviewed a Comparison of Actuarial Reserve
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Requirements. Ill. Dept. of Insurance Computations vs Independent Study of
Miller, Mason & Dickenson, INC. G. Coney requested authorization to invest
approximately $125,000.00 in a Mutual Fund of Lincoln National Life Insurance
Co. This would be in a Separate Account Growth Fund of America. Discussion
followed. Motion by J. Gardner III, seconded by P. Beck authorizing the
Treasurer to make this investment. Motion passed unanimously. Motion by J.
Gardner III, seconded by P. Smith to accept the Treasurer's Report. Motion
passed unanimously.
CANVAS OF BALLOTS OF ELECTION II
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Canvas of Ballots of April 15, 1991 election was taken:
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Ballots Cast 45
„ .. tstgrek L.`':`$ecl 141
Robert Falk 1
Blank 1
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Spoiled 2
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Motion by P. Smith seconded by J. Norris to certify the April 15, 1991 election
Motion passed unanimously. Term of office 3 years
expiring April 1994.
NEW BUSINESS IjII
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Motion by J. Gardner III, seconded by J. MacArthur to nominate:
Harvey R, Speiden: President ISI
Jerry L. Norris Vice-President
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