HomeMy WebLinkAboutCCDATE=OCTOBER 19, 2005 (2) mz
ELGIN FIRE PENSION FUND MINUTES
Cumber r9. 2005
Meeting was calledto order at 8:38am by board member, K Nelson
8011 C Ib
Present A Bisek, T. Luppino, K Nelson,J. Novicki, 1. Mecam
Absent, E. Schack, M Balese,V. Beard
Guest, Pat and Doug from Marquette
Minutes
Them nines of the September 2005 meeting were reviewed Motion W aecept the minutes
was made by J.Nowirld seconded by T. larppirm.Carried.
Treasurer Report
No information was received from lnuterbach and Amen. Discussion would be deferred until
nextmeeting.
A meeting was held by the Investment committee. It was remmmeaded that the Piled
income purlion remain the scone and to re-ladder as necessary. Nouulsiderannagerwould
be searched for astb s would mubring in enough income as m nimred w cost of manager.
• The Harford still continnN to under perform but it was rernmmended that they romain on
alertforthetimebeing.
A motion was made to accept the recommendations of the Investment committee by K.
Ndsun,sewnded by T.Luppino. Carried.
Secretary Report
Thee , ryattended the 1PFPASeminar. The only newtopic discussed concerned the
upcoming changes in Fire Hoard formations.
Onfmishedbusboax%
None
New Bus ares
Two new applications were received from rew firefighters.
Craig McMahon and David Olkowski have starred in the Fire Academy and applied to be in
the Fire Pension Fund A motion was made to accept them individually into the pensiva food
by A. Bialek,seconded by K Nelson, Carried. Taldng aIIm on September 19, 2005.
Adjournment
• Motion to adjourn was made at 092WM by L Mecum,seconded by A Hialek. Carried.