HomeMy WebLinkAboutCCDATE=JANUARY 22, 2002 (2) ELGIN FIFF PENSION FIND
MNOTIS
lanuary21. 2002
Meeting was called to order at 8:48am-
Present: T. Miduels, K Nelson. J. Nowieki, L. Mecum, V. BeachJ. Henrici
Absent T. BiWek, E. Schack
Guest L. Rankine
Minutes
Minutes ofthe Decembermeeling were reviewed. Molientaacwpt Decnnhrsminutes
by L Mccmq secondrni by V. Reard- Carried.
Treasurer Report
Tho Ductuader Financial Stateirents submined by Knox Associated was reviewed.
Motion to accept swtemem movie by V, Bernd, sceonded by I , Mocurre f cd.
• f.. Rankins submitted a portfolio regard prepared by MFG. L Rankin shy, asked that it
rho relatousuip he and Mlin currently share with the Pension Fund will be changed he
would appmeiate timely notification.
Secretary Repml
No repos
Tbr finished Business
A discussion was held regarding what philosophy the Board would like to proceed umlur
with regard to our investment Policies in light of the presentations received from the
wnsWlanls al ow Dwwd+cr mwtla6. It was decided that the Investment Committee
should setup a meeting with a representative of the Police Pension BoeN bu the purpose
of trying to dnemdne if there is sufficient performance enhancement to justify the
additiowl expense of Firing a wuaullwu Ibr Ne kbud. Motion m have hoestment
Committee discuss this issue with a representative of the Police Pension Bud made by
I. Nowieki, seconded by L Mcvum, Corded.
NewBusms
Elections for Beard positions of President and Secretary. T. Michoels is the only
nominee for President and T. BiWek is the only nominee for Secretary. Motion Pot