HomeMy WebLinkAboutPOLICE PENSION - 02/23/2010 - POLICE PENSION BOARD MINUTES i
Minutes of the February 23,2010 Elk Grove Village Police Pension Board meeting.
President Ambrose called the meeting to order at 3:32 p.m. Present were Greenberg, Garr,Krzywicki,
and Tromp. Absent was Torres(but was able to hear the meeting via speakerphone). Also present was
Village Attorney Knickerbocker,and Fund members Konetzke,Klingsporn, Kennedy,Walsh,
Kirkpatrick,Zinnel, Mason, Rosko; Danahy,and Winkler."
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The minutes of the last meeting, October 27,2009 were read. A motion to approve the.minutes was made
by Garr, seconded by Krzywicki. Unanimous.
Due to the largehumber of Fund members present regarding concerns over.recent offers made to the !�!
Police Department for both union and non-union personnel and its impact on the Fund, President I
Ambrose opened the forum for questions.The concems centered upon the Village offer.to increase the
salary of those members who choose to retire,while those who remain employed have their salary frozen.
Knickerbocker indicated the Village had revised a contract proposal to the bargaining unit with a"catch
all"clause, such that if the Department of insurance would rule the proposed salary increase to not be
considered salary for retirement purposes,then the contract proposal would be renegotiated.
Knickerbocker inquired if the Board would object to such language in the contract proposal_ Garr, who is
an attorney, indicated that such clauses are acceptable and common practice in contracts. President
Ambrose indicated that the Board would not object to this clause in a contract proposal. There were
further questions and concerns raised to the Board and to Knickerbocker by many of the members
present. Greenberg indicated he had forwarded the latest contract proposal (which did not include the
"catch all"clause)to Board attorney Reimer, and Reimer had sent a letter to the Department of Insurance
requesting a ruling on whether such increases,for both union and non-union members,are considered
salary for pension purposes. President.Ambrose indicated the Board will abide by the decision of the
Department of Insurance.
Tromp presented the Treasurer's Report which included balance sheet dated December,2009 and
disbursement register. Garr made a motion to accept the Treasurer's Report, seconded by Krzywicki.
Unanimous.
"Tromp presented the Financial Advisor's report. Since the Advisor, Mary Tomanek, was not present,
President Ambrose indicated the Board will defer decisions on her recommendations until the next Board
meeting.
Old Business
The Board received notice from Tromp that Sturgulewski and Suarez have utilized the IMRF creditable
service conversion, as follows:
Sturgulewski provided the Fund $23,680.99 on October 30,2009 for a total of 30 months creditable
service.
Suarez provided the Fund$35,039.93 on October 30,2009 for a total of 35 months creditable service.
A motion to approve these transfers and the additional creditable service was made by Garr, seconded by
Krzywicki. Unanimous.
New Business
The Board received a bill for the IPPFA annual membership dues for 2010 in the amount of$750.00. A
motion was made by Garr, seconded by Krzywicki,to pay this bill. Unanimous.
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February 23,2010 continued
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Greenberg, Krzywicki,and Torres indicated the desire to attend an IPPFA sponsored seminar.May 13-14
for 12 to 16 hours(to be detennined later)of the required 16 hours of State required Trustee training. The
cost for the seminar is$175.00 per person. A motion was made by Greenberg, seconded by Garr,to pay
these fees. Unanimous.
Ambrose announced the Pension Board elections will be held Monday April 19,2010. Ballots will be
mailed to beneficiaries April 01, 2010,and a nomination list for active members will be posted April 01,
2010. Nominations for active members will close April 16,2010 at 2:00 p.m. Ballots will be available.
on day of election 6:00 a.m. until 2:00 p.m. Ballots will be counted on April.l9, 2010 at 3:30 p.m. I
Ambrose-announced the next Board meeting.xvill be April 19,2010:at 3:30 p.m. .
Motion to adjourn the.meeting was made by:Garr,seconded by Krzywicki. Unanimous.
Myles Greenber .' ..
Secretary, Police Pension oard