HomeMy WebLinkAboutPOLICE PENSION - 04/08/2014 - POLICE PENSION MINUTESElk Grove Village Police Pension Board
April 8th, 2014 Meeting Minutes
901 Wellington Ave, Elk Grove Village IL
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The meeting was called to order at 3:36 PM by President Ambrose. Present were Trustee Ambrose,
Trustee Torres, Trustee Moody, Sandy Smalley from the Elk Grove Village Finance Department, Doug
Oest from Marquette Associates, and Luke Meagher from Marquette Associates. Deputy Chief Walsh and
Deputy Chief Nowacki were in the audience. Absent were Trustee Greenberg and Trustee Parrin. A
quorum was present.
The minutes of the last meeting, January 14th,2014, were read. A motion to approve the minutes of the
last meeting was made by Trustee Moody, Second by Trustee Torres. Aye to approve: Moody, Torres,
and Ambrose. Motion carried.
The financial advisors from Marquette Associates provided the financial report. The Board’s investments
and performance were discussed. The executive summary or “cheat sheet” detailing changes made to
date by the previous request of Trustee Parrin was located on page 2 of the handout materials. A side
letter for Capis was presented by Marquette Associates.
The next meeting date was scheduled for July 15th, 2014 at 3:30PM
The treasurer’s report was presented by Sandy Smalley. A motion to approve the treasurer’s report was
made by Trustee Moody, second by Torres. Aye to approve: Moody, Torres, and Ambrose. Motion
carried.
An update was presented regarding the disability application of Ofc. Sabo. The board will be using
INSPE Associates, Ltd. of Chicago, IL to select doctors for Ofc. Sabo’s evaluation.
There was no further updated information on the status of Ret. Commander Briggs with the Illinois
Department of Insurance or IRS.
Inv. Berens has made his contribution to the pension fund following his unpaid time off of 20 working
days from the department. Sandy Smalley reported the Finance Department withheld $662.05 from his
check on 1/24/2014.
Police Pension Board elections are scheduled Monday April 21st, 2014, pursuant to the pension code.
Nominating forms were mailed to retirees and beneficiaries with a cutoff of April 1, 2014 for
nominations. Only Trustee Moody expressed interest in the position of trustee representing the retirees
and beneficiaries, and is scheduled to be re-appointed. Nominations for active members will close on
April 16th at 3:00 PM.
The Board has been in contact with the Illinois Secretary of State to file an Application for Authority to
Dispose of Local Records. The ILSOS advised they did not have this paperwork filed with their
department. The Board will be working to file the required paperwork.
The Board has received a resignation letter from Ofc. G. Jones, effective April 6, 2014. He will be
leaving to work for the East Moline Police Department.
A bill from Reimer & Karlson dated 1/20/2014 in the amount of $293.54 was received for legal services
rendered.
A bill from Reimer & Karlson dated 3/6/2014 in the amount of $363.16 was received for legal services
rendered.
Elk Grove Village Police Pension Board
April 8th, 2014 Meeting Minutes
901 Wellington Ave, Elk Grove Village IL
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A bill from Reimer & Karlson dated 3/12/2014 in the amount of $157.32 was received for legal services
rendered.
A motion to pay bills was made by Trustee Moody, Second by Trustee Torres. Aye to approve
unanimous. Motion carried.
There was no comment from the public.
A motion to adjourn was made at 4:12 PM by Trustee Moody, Second by Trustee Torres. Aye to
approve: Moody, Torres, and Ambrose. Motion carried, meeting adjourned.
Christopher Torres
Vice-President, Elk Grove Village Police Pension Board