Agenda - 04/29/2020 - Police Pension Fund BoardIn 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 Butler Government
Center (Village Hall) at (630) 368-5010 or TDD (630) 990-2131, as soon as possible before the meeting date.
VILLAGE OF OAK BROOK
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, April 29, 2020
7:00 p.m.
AGENDA
1. CALL TO ORDER
2. ROLL CALL
3. BOARD COMMENTS
a. 2020 Election Results
4. APPROVAL OF MINUTES
a. Approval of Regular Meeting Minutes of January 21, 2020
5. CONSENT AGENDA
a. Approval of January 1-31, 2020 expenditures in the total amount of $ 266,549.73
b. Approval of February 1-29, 2020 expenditures in the total amount of $254,968.37
c. Approval of March 1-31, 2020 expenditures in the total amount of $257,807.29
d. Approval of Taiber Kosmala & Associates 4Q19 invoice in the amount of $7,000.00
e. Approval of Lauterbach & Amen, LLP’s invoices in the total amount of $5,000.00, for FYE18 MCR,
September 2019, FYE19 1099s, January 2020, and February 2020 invoices
f. Approval of Pension Clerk Kane’s timesheet in the total amount of $225.00 for administrative
services rendered between July and December 2019
g. Approval of reimbursement to Pension Clerk Kane for election envelopes in the amount of $39.14
6. ITEMS REMOVED FROM THE CONSENT AGENDA
7. UNFINISHED BUSINESS
a. Discussion/Action regarding Actuarial Assumptions
8. NEW BUSINESS
a. Taiber Kosmala & Associates, LLC Report on First Quarter, 2020
b. Fifth Third Report on First Quarter, 2020
c. Approval of Investment Transactions for First Quarter, 2020
Consistent with Governor Pritzker’s Executive Order #2020-18 declaring a State of Emergency related to the Coronavirus
(COVID-19), an in-person meeting of the Board of Trustees of Police Pension Fund will NOT be conducted at the Butler
Government Center on Wednesday, April 29, 2020 at 7:00 p.m. The entirety of the meeting will be conducted virtually via
teleconference. Members of the public interested in monitoring the meeting may email rkane@oak-brook.org no later than
12:00 p.m. on Wednesday, April 29, 2020, and will be provided with a conference number to call and a participant code.
Oak Brook Police Pension Board
April 29, 2020
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In accordance with the provisions of the Americans with Disabilities Act, any individual who is in the need of a reasonable a ccommodation in order to
participate in or benefit from attendance at a public meeting of the Village of Oak Brook should contact the Butler Government Center (Village Hall) at
(630) 368-5010 or TDD (630) 990-2131as soon as possible before the meeting date.
d. Approval of Application for Membership in the Oak Brook Police Pension Fund of Christian A.
Bartnicki (hired 2/24/2020)
e. Approval of Application for Membership in the Oak Brook Police Pension Fund of Tanayry Campos-
Perez (hired 2/24/2020)
f. Approval of Adjusted Transfer of Creditable Service for Thomas Russell from the Oakbrook Terrace
Police Pension Fund to the Oak Brook Police Pension Fund
g. Approval of Transfer of Creditable Service for Justin Pearce from the Posen Police Pension Fund to
the Oak Brook Police Pension Fund
h. Approval of Service Retirement Pension Benefit Request and Calculation W orksheet for Robin J.
Froehlich
i. Ratification of Pension Calculation Worksheet for Donald Jacobs
9. PENDING BUSINESS
a. Discussion/action regarding consolidation of pension funds
b. Discussion/action regarding disability matter
10. INFORMATION AND UPDATES
a. Scheduling of third quarterly meeting in July 2020
11. ADJOURNMENT