Agenda - 01/30/2013 - Police Pension Fund BoardNRIUUVUV! Oil
BOARD OF TRUSTEES OF POLICE PENSION FUND
UPPER LEVEL CONFERENCE ROOM
OF THE BUTLER GOVERNMENT CENTER
1200 OAK BROOK ROAD
OAK BROOK, IL 60523
630 - 368 -5000
Regular Meeting Agenda
Wednesday, January 30, 2013
7:00 p.m.
AGENDA
1. CALL TO ORDER
2, ROLL CALL
3. PUBLIC COMMENTS
4. APPROVAL OF MINUTES
a. Approval of Regular Meeting Minutes of October 24, 2012
b. Approval of Special Meeting Minutes of December 4, 2012
5. CONSENT AGENDA
a. Approval of October 1 -31, 2012 checks in the total amount of $172,692.91
b. Approval of November 1 -30, 2012 checks in the total amount of $168,291.91
c. Approval of December 1 -31, 2012 checks in the total amount of $166,742.91
d. Approval of Lowery Asset Consulting, LLC's invoices in the total amount of $14,000.00, dated
September 26, 2012 and December 14, 2012, for Third and Fourth Quarter, 2012 services,
respectively.
e. Approval of Lauterbach & Amen, LLP's invoices in the total amount of $5,025.00, for services
rendered August through December, 2012, including preparation of Municipal Compliance
Report for year ended December 31, 2011
f. Approval of Illinois Public Pension Fund Association's 2013 membership dues invoice in the
amount of $775.00
g. Approval of Pension Clerk Kane's timesheet in the total amount of $612.50 for services
rendered July to December, 2012.
h. Approval of Village Clerk Pruss' timesheet for clerking at the December 4, 2012 meeting, in
the amount of $31.25.
6. ITEMS REMOVED FROM THE CONSENT AGENDA
7. UNFINISHED BUSINESS
a. Ratification of Lowery investment recommendations from December 4, 2012 meeting
8. NEW BUSINESS
a. Lowery Asset Consulting, LLC Report on Fourth Quarter, 2012
b. MB Financial Investment Management Performance Report on Fourth Quarter, 2012
c. Approval of Investment Transactions for Fourth Quarter, 2012
d. Ratification of 2013 Pension Increases
e. Discussion of 2013 Actuarial Assumptions
f. Discussion regarding upcoming out -of -state and other pension conferences
Oak Brook Police Pension Board
January 30, 2013
Page 2 of 2
9. INFORMATION & UPDATES
a. Scheduling of second quarterly meeting in 2013:
Tentative Wednesday dates in April, 2013: April 17th and 24th
10. ADJOURNMENT
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 Assistant Village Manager
Blaine Wing at (630) 368 -5022 or TDD (630) 990 -2131 as soon as possible before the meeting date.