Agenda - 10/31/2014 - Firefighter's Pension Fund Board 10/28/2014
VILLAGE OF OAK BROOK
BOARD OF TRUSTEES, FIREFIGHTERS PENSION FUND WEST WING CONFERENCE ROOM
OF THE BUTLER GOVERNMENT CENTER
1200 OAK BROOK ROAD
OAK BROOK, IL 60523
630-368-5000
Regular Meeting Agenda
Friday, October 31, 2014
8:00 AM
AGENDA
1. CALL TO ORDER
2. ROLL CALL
3. TRUSTEES CONTINUING EDUCATION SESSION – 8:00 am – 9:00 am
• Best Practices in Manager due diligence
4. PUBLIC COMMENT (limited to 3 minutes per person)
5. APPROVAL OF PRIOR MEETING MINUTES
a. July 25, 2014 special meeting minutes (Schoppe hearing)– in board packet
b. July 30, 2014 regular meeting minutes – in board packet
c. September 2, 2014 special meeting minutes (Schoppe hearing) – in board packet
d. September 2, 2014 special meeting minutes (White hearing) – in board packet
e. Closed session minutes from both hearings on 09/02/2014
6. INVESTMENT PERFORMANCE SERVICES
a. Review and accept quarterly investment report – potential purchase and/or sale of securities, potential
portfolio balancing and/or hiring or termination of investment managers
7. TREASURER’S REPORT
a. 12/31/2014 Actuarial report discussion and possible action
8. ACCOUNTANT’S REPORT
a. Review and execute the Municipal Compliance Report – in board packet
b. Review and accept monthly financial report– in board packet
c. Approve Warrant List of disbursements – in board packet
9. INFORMATIONAL ITEMS AND UNFINISHED BUSINESS
a. Trustee Training Summary – in board packet
b. Annual Affidavits of Continued Eligibility – 100% compliance, submit forms for recordkeeping
c. Annual Active Member Statements – prepared by L&A and distributed
d. Update on IDOI compliance audit, response to Summary of Findings
10. NEW BUSINESS
a. Approve the non-duty disability benefit/retro calculation for FF George M. Grodek, eff. 09/01/2013
b. Adopt and publish the written Decision and Order on the disability application of Lt. Mark Schoppe
c. Approve the line of duty benefit/retro calculation for FF Jennifer White, effective 01/19/2014
d. Adopt and publish the written Decision and Order on the disability application of FF Jennifer White
e. Accept new hires: Gino Picciola and Connor Doran, need application and pension docs, DOH, Tier
f. Resignation – Ken Heinzelman, DOH 10/07/2013, DOT 08/15/2014, attempted communication
g. Review and update Board rules and forms, if needed
h. Review and update contractual agreements with custodians and advisors, if needed
i. Approve engagement for professional services: IDOI Annual Stmt – L&A, Audit – Village, Actuary-?
j. Establish 2015 board meeting dates
11. CLOSED SESSION, if needed
12. ADJOURNMENT
Next Regular Board Meeting will be determined at this meeting
In accordance with the provisions of the Americans with Disabilities Act, any individual who is in the need of a reasonable accommodation in order to
participate in or benefit from attendance at a public meeting of the Village of Oak Brook should contact the Asst. Village Manager, at (630) 368-5022, as soon
as possible before the meeting date.