City of Litchfield Police Pension Board of Trustees met Feb. 27.
Here is the agenda provided by the board:
1. Call to Order
2. Roll Call
3. Public Comment
4. Approval of Meeting Minutes
a.) September 29, 2022 Regular Meeting
b.) February 13, 2023 Special Meeting
c.) Semi-Annual Review of Closed Session Meeting Minutes
5. Accountant’s Report – Lauterbach & Amen, LLP
a.) Monthly Financial Report
b.) Presentation and Approval of Bills
c.) Additional Bills, if any
d.) Discussion/Possible Action – Cash Management Policy
6. Investment Report
a.) IPOPIF – Verus Advisory, Inc.
i. State Street Statement
7. Communications and Reports
a.) Statements of Economic Interest
8. Trustee Training Updates
a.) Approval of Trustee Training Registration Fees and Reimbursable Expenses
9. Applications for Membership/Withdrawals from Fund
a.) Contribution Refund – Devon Schoen
10. Applications for Retirement/Disability Benefits
11. Old Business
a.) Transfer of Creditable Service from IMRF – Eric Lamb
12. New Business
a.) Appointed Member Term – Rhonda Weatherford
b.) Review Trustee Term Expirations and Election Procedures
c.) Discussion/Possible Action – Lauterbach & Amen, LLP Engagement Letter
d.) Review/Approve – Actuarial Valuation and Tax Levy Request
e.) Review/Adopt – Municipal Compliance Report
f.) Approve Annual Cost of Living Adjustments for Pensioners
g.) Discussion/Possible Action – Local Bank Account Collateralization
h.) Establish 2023 Board Meeting Dates
13. Attorney’s Report – Silver Lake Group, Ltd.
a.) Legal Updates
14. Closed Session, if needed
15. Adjournment
https://www.cityoflitchfieldil.com/AgendaCenter/ViewFile/Agenda/_02272023-208
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