HomeMy WebLinkAboutPOLICE PENSION - 07/08/2003 ->d20
Minutes of the Elk Grove Village
Police Pension Board meeting held
July Og, 2003 at 901 Wellington,
Elk Grove village, I1.
1
Myles Greenberg,
Secretary
I
221
The meeting was called to oruer at 3:45 p.m. by President Ambrose. Present were
Greenberg, Sabo, Lancaster, H. Ingebrigtsen, and Mary Tomanek of Smith Barney.
Absent was Garr.
The minutes of the last meeting, April 16, 2003 were read. Motion to approve the
minutes made by Lancaster, seconded by Sabo. Unanimous.
H. Ingebrigtsen presented Treasurer's Report which included balance sheet dated
May 31, 2003 and disbursement register. Motion to accept Treasurer's Report made
by Lancaster, seconded by Sabo. Unanimous.
Old Business
Mary Tomanek presented an updated report on the status of the Fund's investments.
Based on Citigroup removing Oppenheimer from its "Watch" list, the search for an
alternative Small Cap value manager will be discontinued at the present time.
Board attorney Reimer sent a correspondence to Officer S. Garrison when it was learned
she would be required to use benefit days prior to taking a leave of absence, inquiring
if she would be withdrawing her request for disability benefits. The Board has not
received a response to this yet.
New Business
The Board received notice from the Police and Fire Commission that Officer Matthew Skanberg
has completed his one year probationary period and is appointed to the permanent position
of police officer effective June 20, 2003.
The Board received notice from Officer Skanberg that he was resigning his position
effective June 30, 2003, and a request of a refund of his contributions. This request
was forwarded to the Finance Dept. for calculation of the refund.
' The Board received the following bills:
$191.92 for April legal fees for atty Reimer re: S. Garrison
$249.42 for May legal fees for atty Reimer re: S. Garrison
$450.00 for Dr. Samo/Omega Occupational Health re: S. Garrison
Motion made by Sabo, seconded by Lancaster to pay these bills. Unanimous.
Motion made by Lancaster, seconded by Sabo, to authorize any Board member who shall be
available, to attend the IPPFA annual training conference in Peoria, IL, on
October 07-10, 2003. Unanimous.
President Ambrose announced the next Board meeting will be held October 14, 2003
at 3:30 p.m. at 901 Wellington.
Motion to adjourn the meeting made by Sabo, seconded by Lancaster. Unanimous.
Myles Greenberg,
Secretary