Minutes - 02/11/2021 - Police Pension Fund BoardNOTE: Meeting was recorded, but audio portion failed.
BOARD OF TRUSTEES OF THE POLICE PENSION FUND
Minutes Page 1 of 1 February 11, 2021
VILLAGE OF OAK BROOK
BOARD OF TRUSTEES OF THE POLICE PENSION FUND - Minutes
February 11, 2021 APPROVED AS WRITTEN √
OR AS AMENDED BY BOARD OF TRUSTEES
OF THE POLICE PENSION FUND ON April 22, 2021
1. CALL TO ORDER:
The Special Meeting of the Board of Trustees of the Oak Brook Police Pension Fund was called to
order by President Vel Torlo at 6:25 p.m. in the West Wing Training Room in the Butler Government
Center, 1200 Oak Brook Road, Oak Brook, Illinois.
2. ROLL CALL:
The roll was called with the following persons
PRESENT: President Vel Torlo (in-person), Vice President Alan Feldman (in-person),
Secretary Edward Caspers (via Zoom), Trustee Hitesh Patel (via Zoom), Trustee
Reid Foltyniewicz (via Zoom)
ABSENT: None
IN ATTENDANCE: Derek Flessner (via Zoom) and Michelle Rice (in-person) of Lauterbach and
Amen, Pension Clerk Rose Kane
3. BOARD COMMENTS:
4. NEW BUSINESS:
Michelle Rice of Lauterbach and Amen presented a Professional Services Administration (PSA)
proposal for assuming the administration duties for the Board after Pension Clerk Kane retires from
the Village of Oak Brook on April 30, 2021. Derek Flessner of Lauterbach and Amen answered
specific questions. Discussion ensued regarding all the services which were included and the
monthly rate the Fund would be charged for same. Mr. Flessner remarked that the rate for the PSA
services would be discounted because the Oak Brook Firefighters Pension Board is already using
the PSA services. Discussion ensued and consensus to table the decision until the next scheduled
meeting.
5. ADJOURNMENT:
Motion by Trustee Foltyniewicz, seconded by Secretary Caspers, to adjourn the Board of
Trustees of the Police Pension Fund special meeting at 7:12 p.m.
VOICE VOTE: Motion carried.
ATTEST:
Edward J. Caspers /s/
Edward J. Caspers, Secretary
Board of Trustees of the Police Pension Fund