HomeMy WebLinkAboutPOLICE PENSION - 11/15/2011 - POLICE PENSION SPECIAL MEETING Minutes of the November 15, 2011 Elk Grove Village Police Pension Board special meeting:
President Ambrose called the meeting to order at 3:45 p.m. Present were Greenberg, Parrin, and
Krzywicki. Absent was Torres.
The Board reviewed and discussed the medical report of the examination and evaluation conducted on
disabled member Celia by Dr. Obolsky. Dr. Obolsky indicates Celia remains disabled.
The Board discussed the procedure for the tax levy request to be made by the Board to the Village, and
reviewed the Actuary Report the Board very recently received. A motion was made by Krzywicki,
seconded by Parrin,to authorize Ambrose to write a letter to the Village Board requesting a levy of
$2,439,643.00. Unanimous.
The Board discussed diversification of the Fund's assets by establishing a second custodian for some of
the assets. It was decided to take no action on this until further discussion with the Board's financial
advisor, Mary Tomanek.
The Board discussed the Municipal Compliance Report, a form required to be submitted to the
Department of Insurance by Public Act 95-950 (October 2008). Ambrose indicated he would prepare a
form that can be used for this required reporting.
A motion to adjourn was made by Krzywicki, seconded by Parrin. Unanimous.
Myles Greenberg,
) A
Secretary