HomeMy WebLinkAboutCCDATE=JANUARY 22, 2004 (3) • 'rhe. Board vos ad%i,ed thio a letter lad been sent to D. Pileggi ad%ising him of
his right to a refined front the Pension fiend. No response has herrn received to
date.
The Board %%as advised of the pending retirement of Firefighter/Paramedic
tvawne Sdtambach IV. Schambach viii retire on Februant, 2004 with a
monthly pension ui $3157.84. Motion to approve pencion by W. Sdtantbaeh
mad is,by E, Schack,smonded by L. Mamun. Carried.
K. Nelson advised Board of an additional billing received from Northern Trust in
the amount of$176.26. 11. Krolak indicated tlru is due to the increa=e in %flue of
the funds value. Motion to approve po ment made by L. Mecum, secondod by F.
Schock. Carried.
Current Investment Polio war datrihutell to the Board members.
uiuiiiielied Minese
The Board was ndoised that the l nvestment Com in ittee %%as in the process of
setting tip a meeting date %%ithToole.trach for the purposi,. of exploring options
fur the handling of the Pension funds accounting needs.
N-Bio i—
'1'lie board o as advised of an IPPAC seminar scheduled for Muy 2004. Board
neomhers interested in nrmnding ore to contael K. Nelson.
P. Kodak gage the Board a presentation on the. Marquette Report for the 4u
yusrter2oo6. The Fwulendedthrymuv9th $n&6Minasaets. P. Krulak
Indicated that Marquette was recom i neuding the Fund rebalance 3% net of the
VnnGuard S&P,goo fined into the Northern ]'rust Intermediate Goo: Fund.
Motion to npprove recommended rebalancing made b_v E. Sehock, seconded by K.
Neleon, Carried.
11. Krolak Also advised the Board thio arc monitoring proposed changes by First
Fagle to their prospectus in order to allow investment into commodity futures. P.
Krolak indicated this is of slight concern at this dare but it is too early W tell what
impact this %r ill lone on theactual food.