HomeMy WebLinkAboutPOLICE PENSION - 07/17/2007 - POLICE PENSION BOARD MINUTES 2l
The meeting was called to order at 3:40 p.m. by President Ambrose. Present were a
Greenberg, Gaspari, Garr, Krzywicki, Tromp, and Mary Tomanek of Smith
Barney.
The minutes of the last meeting, May 01,2007 were read. A motion to approve
the minutes was made by Krzywicki, seconded by Gaspari. Unanimous.
Tromp presented the Treasurer's Report,which included balance sheet dated
April 2007, and disbursement register. A motion to accept the Treasurer's Report
was made by Garr, seconded by Krzywicki. Unanimous.
Old Business
Tomanek presented an updated report on the status of the Fund's investments. A
motion was made by Garr to close the Parnassus Equity Income by transferring
$450,000.00 to Ryan Labs, and of the remaining balance, to transfer 50%to
Oakmark International, and 50%to Harbor International; seconded by Krzywicki.
Unanimous.
A motion was made by Greenberg, seconded by Garr,to offer HELPS (Healthcare
Enhancement for Local Public Safety)to eligible pensioners. The vote was as
follows: Krzywicki-yes, Gaspari-yes,Ambrose-yes. Unanimous.
New Business
The Board received applications to enter the Fund from newly hired officers Jason
Gottwald, Kristina Dredge, and Efren Pelayo,hired July 02, 2007. The medical
reports for each applicant was not available for this meeting. A motion was made
by Krzywicki, seconded by Gaspari,to approve entry into the Fund of all three
applicants pending the receipt of the medical reports. Unanimous.
The Board received the following bills:
$750.00 for IPPFA annual membership dues
$366.91 for attorney Reimer re: May legal fees
A motion to pay these bills was made by Garr, seconded by Krzywicki.
Unanimous.
Ambrose announced the next Board meeting will be October 23, 2007 at 3:30
p.m. at 901 Wellington, Elk Grove Village, IL.
A motion to adjourn the meeting was made by Garr, seconded by Greenberg.
Unanimous.
Myles Green g
Secretary
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