Village of Lincolnshire Police Pension Board met Feb. 11.
Here is the agenda provided by the board:
CALL TO ORDER
1.0 ROLL CALL OF TRUSTEES (by secretary)
2.0 APPROVAL OF MINUTES
2.1 November 19, 2019, Quarterly Meeting
3.0 TREASURER’S REPORT
3.1Reports from Lauterbach and Amen (email)
3.2 Pension Treasurer Michael Peterson business
3.2.1 Tier II Salary Increase Data
3.2.2 Village Pension Funding Policy
3.2.3 Annual Municipal Audit – Field Work 4/6/20 starting
3.3 Other treasurer business
4.0 REVIEW INVESTMENT ACTIVITY
4.1 Legacy report, Doug Krapf
4.2 Discussion, motion and vote on investments
4.3 Mid-quarter rebalancing review
4.4 Future mid-quarter rebalance discussions and approval
5.0 PRESENTATION OF BILLS AND/OR DISBURSEMENTS
5.1 Puchalski, Goodloe, Marzullo – Legal Fees, $912.50
5.2 Village of Lincolnshire, Muhammad Physical 50/50 split, $309.50
5.3 Other Bills
6.0 OLD BUSINESS
6.1 Pension Consolidation Updates
6.2 Legal monitoring and litigation reports – Mr. Lee
6.3 Met Life Interest Checks
6.4 Coalition for Qualified Plan Status Refund - $226.31
6.5 Credible Service Forms, 2019
6.6 Year-end salary data
6.7 Other old business
7.0 NEW BUSINESS
7.1 Legal Updates, Ms. Goodloe
7.2 Pension Conference Hotel Refunds, Mr. Hyde
7.3 Mayor Appointment, Mr. Herst
7.4 Freedom of Information Act Requests
7.4.1 None
7.5 Other new business
8.0 APPLICATIONS FOR MEMBERSHIPS
8.1 New Member Saad Muhammad
8.1.1 Hired January 13, 2020
8.1.2 Tier II Officer
8.1.3 Prior military service calculation discussion
9.0 APPLICATIONS FOR BENEFITS
9.1 None.
10.0 PENSION BOARD TRUSTEE COMPLIANCE
10.1 2019 Year End Training
10.1.1 All trustees completed the required 16 hours of training
10.2 2020 Training – 8 hours plus Consolidation Training
10.2.1 Steven Lee:
10.2.2 Adam Hyde:
10.2.3 Roy Bethel:
10.2.4 Mickey Herst:
10.2.5 Patrick Quillinan:
11.0 EXECUTIVE SESSION MATTERS
11.1 Review and discuss – No Executive Session Minutes as of current meeting
12.0 CITIZEN COMMENTS
13.0 ADJOURNMENT
13.1 Next meeting scheduled for May 12, 2020
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