HomeMy WebLinkAboutPacket - 01/12/2021 - Police Pension Board
POLICE PENSION BOARD OF TRUSTEES
Tuesday, January 12, 2021
2:30 PM
Remotely via ZOOM at: https://cityofmchenry.zoom.us/j/98241296875
Or call in at: Or call in at: 1(312)626-6799, Meeting ID: 982 4129 6875
AGENDA
1. Call to Order
2. Roll Call
3. Public Input
4. Approve the October 13, 2020, meeting minutes
5. Report of Investments and Accounts:
a. Presentation and motion to approve the Treasurer’s Report
b. LPL Financial Equities Report
c. Capital Gains, Inc. Fixed Assets Report
6. New Business:
a. Approve Pension Increases
b. PGM-Law Retainer Fees
c. Approve the retirement of Sergeant Sexton
d. Approve the retirement of Anthony Mucciante
e. Accept Pension Application of Joseph Lopez
7. Unfinished Business:
a. Motion to approve the payment of bills
b. Public Pension Trustee Training Update
8. Semi-Annual Review of Executive Session Minutes
9. Additional Items for Discussion
10. Adjournment
Capital Gains Start Date:12/5/2003Difference Percent Date Maturity Initial Rate of FMV at 9/30/2020 by Description of Securties Cusip No. Acquired Date Investment Interest 12/31/2020 Initial Invest. TypeMcHenry Bank & Trust Checking Acct1,357,975.522.33%IL Funds Money Marketvaries799,905.321.37%Preferred Stocks Legg Mason524901600 10/2/2020 55,003.50 5.40055,240.77237.2755,003.5055,240.77237.27Total Equities55,003.5055,240.77237.27 0.09%Canadian Corporate Bonds Bank of MTN 06367WHA4 12/8/2020 1/22/2021 250,160.00 0.658250,052.50(107.50)250,160.00250,052.500.43%Corporate Bonds and NotesMicrosoft Corp 594918BR4 8/24/2016 8/8/2026 100,605.00 2.400109,099.00 8,494.00Gen Elec Cap Crp MTN 36962G4Y71/21/20; 2/6/20; 3/16/201/7/2021 529,399.204.625 520,119.60(9,279.60)Walgreens Boots 931427AF52/12/202011/18/2021 255,687.503.300 255,200.00(487.50)American Honda MTN 02665WBF73/26/20207/12/2021 192,352.00 1.650 201,440.00 9,088.00General Motors 37045XBF24/16/20; 6/17/203/1/2021 353,525.004.200 350,861.00(2,664.00)Wells Fargo Co MTN 95001D6Q84/17/20204/17/2022 150,000.002.400 149,181.00(819.00)Santander Holdings 80282KAU06/22/202012/3/2021 209,324.004.450 206,522.00(2,802.00)Southwest Airlines 844741BD97/7/202011/16/2022 254,285.00 2.750 258,065.00 3,780.00General Motors Finl 37045XAQ98/26/20209/25/2021 207,200.004.375 205,400.00(1,800.00)Delta Air Lines Inc 247361ZM310/20/20; 10/26/204/19/2021 201,821.003.400 201,308.00(513.00)Air Lease Corp 00912XBE311/18/20201/15/2022 308,064.00 3.500 308,733.00 669.00Capital One 14040HBY012/3/20204/30/2021 406,241.103.450 404,986.86(1,254.24)Wells Fargo Company 949746RS212/3/20203/4/2021 2,011,360.002.500 2,006,760.00(4,600.00)Associated BK Green 04550KAA912/7/20208/6/2021 917,136.003.500 914,742.00(2,394.00)General Motors MTN 37046ABV612/7/20206/20/2024 764,887.504.250 759,300.00(5,587.50)Goldman Sachs 38141GVU512/7/20204/25/2021 755,490.002.625 753,900.00(1,590.00)Goldman Sachs Group 38143U8F112/7/20202/25/2021 551,996.502.875 551,023.00(973.50)Wells Fargo Company 949746SK812/9/20201/24/2023 771,585.003.069 771,405.00(180.00)Boeing Co SR NT 097023CS212/10/20205/1/2023 808,987.50 4.508 810,622.50 1,635.00Santander Holdings 80282KAS512/10/20201/18/2023 526,010.003.400 525,190.00(820.00)General Motors Finl 37045XAW612/11/20204/10/2022 516,050.003.450 514,165.00(1,885.00)Pub Svc Oklahoma AEP 744533BL312/14/20202/1/2021 502,735.004.400 501,480.00(1,255.00)Consolidated Edison 209115AE412/15/202012/1/2023 250,237.50 0.650 250,497.50 260.00Santander Holdings 80282KAT312/18/20203/28/2022 422,280.003.700 421,329.36(950.64)Peoples United Fin 712704AA312/24/202012/6/2022 209,954.003.650 209,502.00(452.00)12,177,212.80 12,160,831.82(16,380.98)20.88%Foreign Government Bonds Petroleos Mexicanos71654QAX0 8/4/2020 1/21/2021203,682.00 5.500 200,500.00(3,182.00) Petroleos Mexicanos71654QBB7 12/9/20; 12/14/20 1/24/2022 977,230.00 4.875 976,885.00(345.00)1,180,912.00 1,177,385.00(3,182.00) 2.02%Muni BDS-Fixed Non Taxable Illinois St Sales 452227QR56/18/2020 6/15/2022 269,050.00 5.000 263,672.50(5,377.50)269,050.00 263,672.50(5,377.50)0.45%Muni BDS-Fixed Taxable Chicago Heights IL 167393NL7 5/28/2020 12/1/2022 100,000.00 3.377 103,556.00 3,556.00 Chicago Heights IL 167393NP8 6/24/2020 12/1/2025 133,593.75 3.653 136,075.00 2,481.25 Will Cnty IL 969003QY1 12/30/20201/1/2028 360,000.00 1.948 360,054.00 54.00593,593.75 599,685.006,091.25 1.03%CITY OF MCHENRY POLICE PENSION FUNDLIST OF INVESTMENTS AT December 31, 2020
Capital Gains Start Date:12/5/2003Difference Percent Date Maturity Initial Rate of FMV at 9/30/2020 by Description of Securties Cusip No. Acquired Date Investment Interest 12/31/2020 Initial Invest. TypeCITY OF MCHENRY POLICE PENSION FUNDLIST OF INVESTMENTS AT December 31, 2020Other Foreign Corporate Bonds Barclays PLC 06738EAQ81/17/20; 2/6/20; 2/21/208/10/2021 509,070.003.200 508,245.00(825.00) Deutsche Bank NY 251526BP32/28/20; 12/83/201/22/2021 778,778.503.150 775,860.25(2,918.25) Royal Bk of MTN 78014RCY46/8/20206/8/2022 100,000.00 0.00001 100,590.00 590.00 Bank of Montreal MTN 06367WM426/19/202012/19/2023 200,000.001.00 199,086.00(914.00) Deutsche Bank NY 25160PAC16/23/20; 10/8/202/4/2021 398,131.404.25 394,061.10(4,070.30) Deutsche Bank MTN 25152R5F67/7/20205/12/2021 254,375.003.375 252,245.00(2,130.00) Aercap Ireland CAP 00772BAF89/2/20; 12/8/205/15/2021 1,423,992.004.500 1,417,598.00(6,394.00) Deutsche Bank NY 251526BX611/18/20; 12/7/2010/14/2021 1,029,211.004.250 1,025,430.00(3,781.00) Cred Suis GP Fun LTD 225433AM312/3/20204/16/2021 2,023,200.003.450 2,018,320.00(4,880.00) Deutsche Bank NY 251526BW812/8/20205/12/2021 253,282.503.375 252,407.50(875.00) Santander UK PLC 80283LAR412/8/20201/5/2021 792,407.982.500 791,000.00(1,407.98) Deutsche Bank NY 251526CA512/9/20202/14/2022 786,015.005.000 784,147.50(1,867.50) Petroleos Mexicanos 71654QCE012/9/20; 12/14/203/13/2022 775,150.005.375 774,757.50(392.50) Royal BK Scotland 780097BE012/9/20205/15/2023 729,344.003.498 726,775.00(2,569.00) Santander UK Group 80281LAE512/9/20208/5/2021 813,208.002.875 811,208.00(2,000.00) Aercap Ireland 00774MAA312/24/20205/26/2022 258,630.003.500 258,615.00(15.00)11,124,795.38 11,090,345.85(34,449.53)19.04%US Agencies-Disc/Zero Cpn US Treas BD Strip 9128335A4 7/6/2016 8/15/2035 68,236.000.000 81,757.00 13,521.00 US Treas BD Strip 912834KB33/13/2020 5/15/2045 278,736.00 0.000 265,300.00(13,436.00) US Treas BD Strip 912834PZ510/5/2020 2/15/2046 166,871.95 0.000 160,259.40(6,612.55)513,843.95 507,316.40-6,527.550.87%US Treasury Bonds & Notes US Treasury BD 912810SR0 8/20/2020 5/15/2040 130,252.20 1.125 123,419.40(6,832.80)130,252.20 123,419.40(6,832.80)0.21%FIXED INCOME TRUST A/C26,239,820.08 26,172,708.47(66,659.11) 44.93%SEPARATE ACCOUNTSLPL Financial:AMCAP Fund - A 11/9/2001 5,725,839.68Small CAP World Fund -A 5/1/1998 5,637,617.08Capital World Growth and Income 140543109 5/1/1998 6,084,454.83Washington Mutual Investors-A 939330106 5/1/1998 9,183,990.61New World1,317,085.02MFS Growth 12/2020 1,355,031.13Cash & Cash Equivalents562,571.190.00 29,866,589.54 0.00 51.27%26,294,823.58$ 58,252,419.62$ (66,659.11)$ 100.00%Property Taxes Received 9/30/20 1,930,326
The following Pensioners will receive an increase in their monthly pension payment in January, 2021:
1/1/20 monthly
pension
monthly
increase
1/1/21
monthly
pension
New Annual
Pension
Thomas Beyer 7,800.42 234.01 8,034.43 96,413.16
William Brogan 8,570.66 257.12 8,827.78 105,933.36
George Erkenswick 5,464.70 163.94 5,628.64 67,543.68
Jeffery Foerster 7,718.12 231.54 7,949.66 95,395.92
Ramon Gregorio 4,145.47 74.92 4,220.39 50,644.68
Todd Intravartolo 5,514.25 165.43 5,679.68 68,156.16
Thomas Jenkins 7,766.61 233.00 7,999.61 95,995.32
Patrick Joyce 8,696.87 260.91 8,957.78 107,493.36
Doyle Kearns 5,262.41 116.08 5,378.49 64,541.88
Daniel Kinnerk 6,515.19 195.46 6,710.65 80,527.80
Daniel Kreassig 6,167.42 185.02 6,352.44 76,229.28
Patricia Laycock 3,791.55 75.33 3,866.88 46,402.56
Kathleen Leonard 4,498.37 134.95 4,633.32 55,599.84
Richard Meier 4,865.26 145.96 5,011.22 60,134.64
Anthony Militano 4,304.11 129.12 4,433.23 53,198.76
James Molnar 5,234.43 157.03 5,391.46 64,697.52
Edward O'Donnell 4,260.42 127.81 4,388.23 52,658.76
Michael Oliver 4,192.58 77.16 4,269.74 51,236.88
Thomas O'Meara 9,162.94 274.89 9,437.83 113,253.96
Roger Pechous 8,497.48 254.92 8,752.40 105,028.80
David Porter 4,432.32 132.97 4,565.29 54,783.48
Gary Wigman 8,698.81 260.96 8,959.77 107,517.24
Roland Wood 6,140.91 184.23 6,325.14 75,901.68
Police Pension Checks Issued to be approved 1//2021
Date Check # Vendor Description Amount
10/5/2020 7812 LPL FINANCIAL PP ADV FEE 14,102.69$
12/22/2020 7813 CAPITAL GAINS PP INV MGMT 12/1/20 4,769.00$
18,871.69$