HomeMy WebLinkAboutPOLICE PENSION - 05/21/2015 - POLICE PENSION BOARD MINUTES Elk Grove Village Police Pension Board
May 21 st, 2015 Meeting Minutes
901 Wellington Ave, Elk Grove Village 1L
The regular meeting was called to order at 3:32 PM by President Ambrose. Present were Trustee
Ambrose, Trustee Partin, Trustee Gottwald, Trustee Moody, Trustee Torres, and Christine Tromp from
the Elk Grove Village Finance Department. Elk Grove Village Police Department Chief Stephen Schmidt
was in the audience. No other members of the public were present. A quorum was present.
The minutes of the last meeting, April 14th,2015, were read. A motion to approve the minutes of the last
meeting was made by Trustee Moody, Second by Trustee Gottwald. Aye to approve: Unanimous.
Motion carried.
The next regular meeting date was scheduled for Tuesday, July 14th, 2014 at 3:30PM at 901 Wellington
Ave, Elk Grove Village, IL.
The Board and Chief Schmidt discussed the Illinois Retired Officers Concealed Carry Program. The
Board has taken a position that it cannot make a determination if an officer has left the department"in
good standing'. Effective immediately, for purposes where the board receives an application for the
Illinois Retired Officers Concealed Carry program, members of the Police Pension Board shall not sign
the form, but shall forward the application to the office of the chief of police. In matters where the
applicant is on a disability pension, or is on a regular pension having previously determined to be disabled
by the Police Pension Board, the applicant shall provide written authorization to the Police Pension Board
allowing the Board to release medical information to the office of the chief of police. The motion was
made by Torres. Second by Partin. Aye to approve: Unanimous. Motion carried.
The board was also made aware of four retirements from the Police Department. They are as follows:
Ofc. Michael McGreal retired on 5/16/2015. He served 28 years 1 month and 9 days of creditable
serivice. His annual salary was $92,382, with an initial annual benefit of$64,668.80. His monthly
benefit is $5,389.07. A motion to accept Ofc. M. McGreal's application for pension disbursement was
made by Gottwald, Second by Moody. Aye to approve: Unanimous. Motion carried.
Ofc. Rebecca McGreal retired on 5/17/2015. She served 24 years 1 month and 3 days of creditable
service. Her annual salary was $92,382, with an initial annual benefit of$55,430.40. Her monthly
benefit will be$1,788.08. A motion to accept Ofc. R. McGreal's application for deferred pension
disbursement to be begin on 10/20/2017, was made by Partin, Second by Moody. Aye to approve:
Unanimous. Motion carried.
Ofc. John Suarez retired on 5/17/2015. He served 31 years 2 months and 7 days of creditable service.
His annual salary was $92,382, with an initial annual benefit of$69,288. His monthly benefit is
$5,774.00. A motion to accept Ofc. Suarez's application for pension disbursement was made by
Gottwald, Second by Moody. Aye to approve: Unanimous. Motion carried.
Ofc. Bruce Homfeldt retired May 20"i, 2015. He served 33 yrs 3 months and 6 days of creditable service,
His annual salary was $92,382, with an initial annual benefit of$69,286.50. His monthly benefit is
$5,773.88. A motion to accept Ofc. Homfeldt's application for pension disbursement was made by
Parrin, Second by Moody. Aye to approve: Unanimous. Motion carried.
The board discussed the annual medical re-examination for Ofc. Sabo, who is on a disability status. A
motion was made by Trustee Gottwald to authorize INSPE and Attorney Reimer to make arrangements
for Ofc. Sabo's medical examination. Second by Moody.. Aye to approve: Unanimous. Motion carried.
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Elk Grove Village Police Pension Board
May 21 st, 2015 Meeting Minutes
901 Wellington Ave, Elk Grove Village IL
The board discussed the recent passing of a beneficiary who passed away recently out of state, and the
need for improved communication with beneficiaries and retirees. Trustee Torres presented a sample
correspondence form which was distributed by a different pension board to their retirees. The matter was
tabled for future discussion.
The following expense was presented:
A bill dated 4/1/15 in the amount of$11,250 was received from Marquette Associates for
investment consulting services for the period of April 1, 2015 through June 30, 2015.
A motion to pay expenses was made by Torres. Second by Partin. Aye to approve: Unanimous. Motion
carried.
There was no comment from the public.
A motion to adjourn was made at 4:24 PM by Moody, Second by Parrin. Aye to approve: Unanimous.
Motion carried. Meeting adjourned.
Christopher Torres
Secretary, Elk Grove Village Police Pension Board
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