HomeMy WebLinkAboutPOLICE PENSION - 10/14/1980 - Police Pension Minutes BOARD OF TRUSTEES
POLICE PENSION FUND
Minutes of the regular quarterly meeting held October 14,
1980. Meeting was held in the trustee conference room of
the municipal building at 901 Wellington, Elk Grove Village
Illinois.
i
G
Kenneth E. _Krzywicki
Secretary
w sur,= G X\
U 17
Mr. Fagerson with all
The meeting was called d order the new accounting manager,
replacing Pat Turner was present, Hilda
trustees present. in addition,
for the village
Ingebrigtsen. the
ratted that in the future, bees
i m
,, d me
has to
n ed
President .ager
so ut
typed copies of the minuteasw3slpossible .
3s soon after the meeting o the
dd
out t
The police Pension Fund audit copies iwerhepasse tart'"s file .
members with the original. to remain erica ending 093080
The balance sheet for the investment
art of these
lased out with the originals to be made a 1�
werep .
minutes . deposit
been holding an un-u
The Pension Fund has sed safe
box at the Bank of
Elk Grove . It has been decided to closethis
box out.
We have received a will be
letter on investments fr€��► "Government1tudiedand
Securities Corporation of Texas" .
b President Fagerson.
reported on at the next meeting Y for investment .
We have about $215,000-00 hecoming available
It has been
decided to invest these funds at market rates in
the most advantageous medium. 000.00 becoming
We also have been advised that 1 See investments held as of
have $100,
available for investment on 120180.
entry. It was decided ge us medium at atuthatatime.
093080 First en Y
interest accrued in the most advantageous meets the Jossibility
One year term or .less,
In reference th the above minntion�ed�inves me ,
was discussed of investing
t advantageous .
In the present market if mosb Village
Mr. E. Diemer has been re-appointed to our beardire do May
His term will exp.
President, Mr. Charled Zettek. is term letter is at
to,
11th, 1982. A copy of his re-app
Ointment
is a part of, these minutes. s
r meeting of this board willateon s
dayy
The next regular
Village Hall.
.
13 January 81. Meeting time will be 2:00pm
de by
A motion to end the meeting was ma
Trustee Scharpenter
d b Trustee Dierner. Motion Carried and the
with .a*.secon Y
meetir was adjourned.
,tet
htEG� w
Secretary