HomeMy WebLinkAboutCCDATE=AUGUST 17, 2005 (2) ma
ELGIN FIRE PENSION FUND MINUTES
• - Angest 17. 2005
Meeting was called to order at 8:38am By Act President Falesc
Roll Call
Pint
A. Bialek, L Mecum, T. Luppino, M Falese, K. Nelson, R. Schock
Absent:
J. Nowicki,V. Beard
Guest:
Council C. Collins, Pat Krolak
Minutes
The minutes of the June 15, 2004 rawtingwere reviewed. Motion to accept the minutes
made by L. Mecum; seconded by T. Luppinu. Carried
Treasurer Report
]'here msnn Treaswer mpori. Patfrom Marqucttegaveatvudownoftheprogressofour
fund and Harford fimdwouldbe watched as itwas nMperformiag as it should
• Amcor statements were handed out.
KNelson would set up an investment committee meeting to go over some concerns and
recommendations for the futwe. Due suggestion being, an actively managed fixed income
manager.
Secretary Report
The Secretary reported that the 2004 Annual report was finished and filed with the Stop.
-3-bills were submittedby the Secmtary for review and approval. Motions were,made to pay
Appeal report costs were submitted from Knox of$2750.00. Amoden to pay this was made
by A. Bialek,second cl by L.Mwmam Carried.
The second was from C. Collins for the.3`a quarter retainer fee,July,August,and September,
of$65o.00. Amodonwwnwdero NythisamomtbyLMm=,eecondMby A. Bialek
Carried.
IPPACAnnual membership feewas submitted for $400.00.Ammion wns mndc to paythis
by A. Bialek seconded by T. Luppino. Carried.
Unfmishedbusiness
D.Ahrens and l2. Wdkening pen��0 momtsaad decision were finalized andfiled. They
have both agreed to t terms o('[he decision. Their next raise will be frown and hold there
• mti]such time as the overpayment amomt is equalized out. At that time they will resume
their normal pension pay increase.
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