HomeMy WebLinkAboutAgenda - 10/12/2021 - Police Pension Board
POLICE PENSION BOARD OF TRUSTEES
Tuesday, October 12, 2021
2:30 PM
Due to the ongoing COVID-19 Pandemic, the meeting will be held remotely via Zoom.
https://cityofmchenry.zoom.us/j/87951999286
or call 312 626 6799 , Meeting ID: 879 5199 9286
AGENDA
1. Call to Order
2. Roll Call
3. Public Input
4. Approve the July 6, 2021, meeting minutes
5. Presentation of Actuarial Valuation Report and recommendation to forward Pension Fund Tax
Levy request to McHenry City Council
6. 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
d. Semi-annual review of Police Pension Fund Investment Policy
7. New Business:
a. Approval of the 2022 Police Pension Board Schedule
b. Approve Luis Pena portability request
c. Discuss training for Pension Board members
d. Approve the payment of bills
e. Empower James Schmidt of LPL Financial with Discretionary Authority
f. Authorize the purchase of military service credit for Officer Zajac, and allow or deny the
option to pay that amount over a period of time
g. Refund of contributions of Officer Lopez
h. Accept Pension Application of Matthew Szoke
i. Motion to purchase IPPFA Retirement Guide for all members
j. Motion to approve an automatic transfer of funds from equities or fixed assets in an
amount to be determined each month to cover necessary payroll expenses from January
2022 through April 2022.
8. Additional Items for Discussion
9. Adjournment