Agenda - 04/29/2015 - Firefighter's Pension Fund Board 4/21/2015
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
Wednesday, April 29, 2015
9:00 AM
AGENDA
1. CALL TO ORDER
2. ROLL CALL
3. PUBLIC COMMENT (limited to 3 minutes per person)
4. APPROVAL OF PRIOR MEETING MINUTES
a. January 29, 2015 regular meeting minutes– in board packet
b. March 3, 2015 special meeting minutes – in board packet
5. INVESTMENT REPORT – David Russell via conference call
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
6. ACCOUNTANT’S REPORT
a. Actuarial report sent to the DOI on 03/23/2015
b. Approve Draft DOI Annual Statement sent to Board on 04/17/15, discuss Certification Form
c. Notice of new Pension payroll software program
d. Review and accept monthly financial report– in board packet
e. Approve Warrant List/vendor checks report – in board packet
7. INFORMATIONAL ITEMS AND UNFINISHED BUSINESS
a. Trustee Training Summary – in board packet
b. FOIA/OMA designee to complete online training annually
c. Update on IDOI compliance audit, response to Summary of Findings, if available
d. Statements of Economic Interest - confirm that all Trustees have completed by 05/01/15
8. NEW BUSINESS
a. Death of pensioner, James Clark on 02/08/2015, surviving spouse Ruth Clark
b. Approve surviving spouse benefits to Ruth Clark, effective 02/09/2015 – in board packet
c. Approve retirement benefit calculation for Bat.Chief Thomas Stanfa – in board packet
d. Approve combination between Funds benefit calculation for Robert Robertson (Franklin Park Fire) – in
board packet
e. Death of pensioner, Frank (Francis) Pine on 04/12/2015, surviving spouse Joanna Pine
f. Approve surviving spouse benefits to Joanna Pine, effective 04/13/2015
g. Accept new hire: Scott Kurczewski, need date of hire and Tier status
h. Discuss and approve recovery of overpayment to Wm. Garrigan
i. Certify election results for active member, John Fagan and retired member, Mark Fleishman, both won
by acclamation and will serve 3 year terms, ending 04/30/2018
j. Update on reappointment of Tim Schlindwein
k. Conduct annual Board Officer elections for President and Secretary
l. Authorize payment of DOI Compliance audit fee invoice (mailed in May, payment due by 06/30/15)
9. CLOSED SESSION, if needed
10. ADJOURNMENT
Next Regular Board Meeting is scheduled for July 29, 2015 at 9:00 a.m.
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 this public meeting should contact the Butler Government Center (Village Hall), at (630) 368-5010, or for TDD
response (630) 990-2131, as soon as possible before the meeting date.