Agenda - 02/03/2010 - Police Pension Fund Board (3)CALL TO ORDER
2. ROLL CALL
REVISED 1129110
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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, February 3, 2010
7:00 p.m.
AGENDA
3. PRESIDENT'S COMMENTS
4. APPROVAL OF MINUTES
a. Approval of Board of Trustees Regular Meeting Minutes of October 21, 2009
5. CONSENT AGENDA
a. Approval of October 1 -31, 2009 checks in the total amount of $139,145.63
b. Approval of November 1 -30, 2009 checks in the total amount of $146,898.46
c. Approval of December 1 -31, 2009 checks in the total amount of $146,718.18
(above three items are contained on the last pages of Agenda Items 8. d. 1., 2., 3.)
d. Approval of Lowery Asset Consulting, LLC's invoice in the amount of $7,000.00, dated
December 17, 2009
e. Approval of Lauterbach & Amen, LLP's invoices in the total amount of $1,365.00, for October
and November, 2009.
f. Approval of Pension Clerk Kane's invoices in the total amount of $312.50
for the months of July through October, 2009 and January, 2010.
g. Approval of Contravisory Investment Management, Inc. invoice for the period October
through December 31, 2009 in the amount of $1,983.00.
6. ITEMS REMOVED FROM THE CONSENT AGENDA
7. UNFINISHED BUSINESS
Oak Brook Police Pension Board
February 3, 2010
Page 2 of 2
8. NEW BUSINESS
a. Lowery Asset Consulting, LLC /MB Financial Investment Management Performance Reports
as of December 31, 2009
b. Approval of Investment Transactions (fourth quarter, 2009)
c. Discussion and Approval of Lauterbach & Amen, LLP 2010 Contract for Services
Option A: One -Year Contract for the year 2010 — total annual fees in the amount of
$13,495.00
Option B: Three -Year Contract for the years 2010, 2011 and 2012 — total annual
fees in the amounts of $13,275, $13,650 and $14,025 respectively
d. Lauterbach & Amen, LLP Monthly Financial Report for Months Ending:
1. October 31, 2009
2. November, 30, 2009
3. December 31, 2009
e. Approval of 2010 Police Pension Increases
f. Discussion regarding discrepancies in Pension Recipient Benefit Calculation
g. Discussion of 2010 Actuarial Study
h. Designation of Freedom of Information Officer
9. INFORMATION & UPDATES
a. Scheduling of second quarterly meeting in 2010:
Tentative Wednesday dates of: April 7th, April 21st or May 5th
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.