HomeMy WebLinkAbout04/16/2014A Police Pension ELGIN POLICE PENSION FUND
151 Douglas Ave
Elgin, IL 60120
MEETING NOTICE
April 9, 2014
The ELGIN POLICE PENSION FUND, Board of Trustees will be holding a regular
quarterly meeting on Wednesday, April 16, 2014 at 1:30 p.m. The meeting will be held
at the Elgin Law Enforcement Facility at 151 Douglas Ave. Elgin, Illinois in the North
Lobby Community Room.
Agenda:
Call to Order:
Minutes of the January 15, 2014.
Treasurer's Report:
a. 1st Quarter 2014 Executive Summary.
b. Bill Yocius of Mitchell, Vaught and Taylor (MVT) presentation.
c. CFO Lavery will present/discuss the 2014 Actuarial Report.
Expenses:
Deaths: (2) Shirley Mae Sexton died January 11, 2014. There are no Surviving Dependent
beneficiaries and her spousal benefits will cease per the State Pension Code.
Frederick P. Lugar#19 died on March 25, 2014. Judith A. Lugar is making an
application for a Surviving Spousal Benefit Pension.
Retirements: (3) Senior Patrolman Leon P. Filas #146 retired on March 21, 2014.
Sgt. Donald W. Thiel #145 retired on March 28, 2014.
Officer Michael S. Gough#133 retired on April 4, 2014.
Disabilities: (2) Gregory A. Schneider #241 has withdrawn his application for a non-duty
or duty disability as of February 12, 2014.
Pete Almeida's Administrative Hearing on the possibility of termination of
pension benefits is pending.
Resignations: (1) Detective Norma R. Thiel #263 resigned on March 28, 2014..
Refunds: (1) Norma R. Thiel made a written request for a refund of her contributions
totaling $105,850.25 on February 21, 2014.
Terminations: (0)
New Hires: (5) Christopher W. Jones #397made application to be accepted into the
Pension Fund on January 10, 2014.
Michael McCarthy #398; Martin Vega #400 and Latasha Williams #401 all
made application to be accepted into the Pension Fund on March 28, 2014.
Daniel Kazy-Garey #399 made application to be accepted into the Pension
Fund on April 7, 2014.
Portability: (1) Thomas F. Clancy #204 is transferring 2 yrs., 7 months and 14 days from
the Carpentersville Police Pension Fund. New pension start date is December 19, 1990.
Military Service Buy Back 40 ILCS 5/3-110(b-5): (3) Bernhard M. Bajak #272 made
application to transfer 24 months of military service. The new pension start date is March
28, 1997.
Thomas F. Clancy#204 made application to transfer 12 months of military
service. The new pension start date is December 19, 1989.
Mario Elias #213 made application to transfer 24 months of military service. The
new pension start date is September 6, 1992.
Glenn Theriault made application to transfer 7months and 1 day of military
service. The new pension start date is June 2, 1994.
Miscellaneous:
a. Coalition for Qualified Plan Status correspondence.
b. Kevin Senne pension start date.
c. Subpoena for all the Fund's recorders/files of Gregory A. Schneider.
d. Investment Committee Meeting -- Minutes & Agenda for March 12, 2014.
e. Annual Affidavits.
f. Annual Disability Exams.
g. IPPAC Spring Conference May 14, 2014 —May 16, 2014 in Rock Island, IL.
h. The DOI Annual Report, City of Elgin Audit and Federal Tax Forms are in the
process of being completed or have been completed.
I. Robert O'Connor's Trustee position is up for appointment from Mayor Kaptain.
j. Chris Troiola's Trustee position is up for election, term May 1, 2014-May 1, 2016.
k. Miscellaneous correspondences.
1. Lauterbach and Amen monthly reports.
2. Kayne Anderson quarterly reports.
Public Comments:
Executive Session:
Adjournment:
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14i/comas J. Q‘figley
Clerk