Minutes - 02/23/2023 - Firefighter's Pension Fund BoardOUN
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ABSENT:
ALSO PRESENT:
VILLAGE OF OAK BROOK
BOARD OF TRUSTEES, FIREFIGHTERS, PENSION FUND
WEST WING CONFERENCE ROOM
OF THE BUTLER GOVERNMENT CENTER
12OO OAK BROOK ROAD
OAK BROOK, IL 60523
630-368-5000
MINUTES OFA SPECIAL MEETING OF
THE OAK BROOK FIREFIGHTERS' PENSION FUND
BOARD OF TRUSTEES
FEBRUARY 23,2023
A special meeting of the Oak Brook Firefighters' Pension Fund Board of Trustees was held on Thursday,
February 23,2023 at 9:00 a.m. in the Butler Government Center, located at 7200 Oak Brook Road, Oak
Brook, Illinois 60523, pursuant to notice.
CALL TO ORDER: President Fagan called the meeting to order at 9:00 a.m
ROLL CALL:
PRESENT:President John Fagan, Secretary Gino Picciola, Trustees Mike McCarthy, Mark
Bahnsen and Michael Lamplot
None
Molly Weslow, Lauterbach & Amen, LLP (L&A); Heidi Andorfer and Luke
Schoenhofen, Foster & Foster
PUBLIC COMMENT: There was no public comment.
NEW BUSINESS: Discussion/Possible Action - Foster & Foster Actuarial Assumptions: Ms. Andorfer
presented the Valuation Assumption Review for the Oak Brook Firefighters' Pension Fund to the Board.
All questions were answered by Ms. Andorfer. A motion was made by Trustee Fagan and seconded by
Trustee Lamplot to authorize Foster & Foster to create an actuarial study for the fiscal year ended December
31 , 2022 based on the Board approved recommendations. Motion carried by roll call vote.
AYES: Trustees Fagan, Picciola, Bahnsen, McCarthy and Lamplot
NAYES: None
ABSENT: None
Discussion/Possible Action - Active Member Special Election: The Board noted that L&A is in the process
of conducting an election for one of the two active member positions. Further discussion will be held at the
next regular meeting.
Board Officer Election - Secretary: The Board noted that this item will be discussed at the next regular
meeting.
Discussion/Possible Action - BMO Harris Letter of Credit: The Board noted that the Letter of Credit from
BMO Hanis Bank has not been received to date. Updates will be provided to the Board as they become
available.
Annual Independent Medical Examination - Jennifer White: The Board noted that Jennifer White attended
her annual independent medical examination and it was determined that she remains disabled at this time.
A motion was made by Trustee Fagan and seconded by Trustee Bahnsen to continue the disability benefits
of Jennifer White based on a finding that she remains disabled and subject to further annual examinations
until age 50. Motion carried unanimously by voice vote.
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Oak Brook Firefighters' Pension Fund
Meeting Minutes - February 23, 2023
Page2 of2
CLOSED SESSION, IF NEEDED: There was no need for closed session.
ADJOURNMENT: A motion was made by Trustee Fagan and seconded by Trustee Picciola to adjoum
the meeting at 10:38 a.m. Motion carried unanimously by voice vote.{ .,
next meeting is scheduled for April 13,2023 at 9:00 a.m
or
LApproved by the Board of Trustees on
Minutes prepared by Molly Weslow, Pension Services Administrator, Lauterbach & Amen, LLP
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