HomeMy WebLinkAboutPOLICE PENSION - 04/19/2005 - ` 0Of
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Minutes of the Elk Grove Village Police
Pension Board Meeting held April 19, 2005
at 901 Wellington, Elk Grove Village, IL.
Myles Greenberg,
Secretary
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The meeting was called to order at 3:40 p.m. by President Ambrose. Present were Greenberg,
Gaspari, Garr, Tromp, and Mary Tomanek of Smith Barney. Absent was Krzywicki.
The minutes of .the last meeting, January 18, 2005 were read. Motion made by Garr,
seconded by Ambrose, to approve the minutes. Unanimous. '
Tromp presented the Treasurer's Report which included balance sheet dated March 31, 2005
and disbursement register. Motion made by Garr, seconded by Gaspari, to approve Treasurer's
Report. Unanimous.
Old Business
Mary Tomanek presented an updated report on the status of the Fund's investments. Motion
made by Garr, seconded by Gaspari, to move all but $100,000.00 out of the Oppenheimer
Small Cap Value Fund into the Vanguard Small Cap Value Index Fund. Unanimous.
The Board received the medical report from Dr. Michael Rezak regarding the annual evaluation of
disabled member George Schumert. Dr. Rezak indicated that Schumert continues to remain
disabled. Motion made by Garr, seconded by Gaspari, to keep Shumert on non-duty related
disability. Unanimous.
Tromp presented correspondence with the Department of Insurance indicating proof of compliance
for the 2003 annual statement.
Tromp indicated she still has not received a clarification of Professional Management
Fees as listed on the Summary of Disbursements. She will continue to seek an answer.
New Business
The Board received notice from the Police and Fire Commission that Officer Malek
has comleted his one year probationary period and is appointed to the permanent position '
of Police Officer effective January 25, 2005.
The Board received an application to enter the Fund from newly hired Officer Nicholas
Langendorf, hired April 04, 2005. Motion made by Garr, seconded by Gaspari, to accept
Langendorf into the Fundtemporarily pending approval of his medical report at the next
Board meeting. Unanimous.
The Board received a letter from Sgt. Walsh request that a copy of the Board Meeting
Minutes be provided to him for posting on the Elk Grove Village Fraternal Order of Police
Lodge 35 website. Motion made by Garr, seconded by Gaspari, to approve this request
pending approval from Board attorney Reimer. Unanimous.
The Board received the following bills:
$130.94 for atty Reimer re: January legal fees
$133.25 for atty Reimer re: February legal fees
Motion made by Garr, seconded by Gaspari, to pay these bills. Unanimous.
Ambrose announced the next Board meeting will be held July 12, 2005 at 3:30 p.m, at
901 Wellington, Elk Grove Village, IL.
Motion to adjourn the meeting made by Garr, seconded by Gaspari. Unanimous.
Myles Greenberg, '
Secretary