HomeMy WebLinkAboutMinutes - 4/11/2023 - Police Pension BoardPolice Pension Board of Trustees
Meeting Minutes
April 11, 2023
Call to Order
The regular meeting of the City of McHenry Police Pension Board of Trustees was called to order at 9:00
a.m. at McHenry City Hall, 333 S Green St, McHenry, IL.
Roll call:
Members present: President Jeffery Foerster, Sergeant Nick Clesen, , Jim Schmidt, Thomas Settles.
Members absent: Officer Robert Beaudoin. Others present: Monte Johnson, Carolyn Lynch
Public Input:
No members of the public were present to offer comments.
Approve the January 10, 2023 Regular Meeting Minutes
A motion was made by Thomas Settles and seconded by Jim Schmidt to approve minutes from January
10, 2023, with typos corrected. Roll Call Vote: 4-ayes: Jeff Foerster, Sergeant Clesen, Jim Schmidt,
Thomas Settles. 1-absent: Officer Robert Beaudoin. Motion carried.
Approve the payment of bills
Finance Director Carolyn Lynch reported that there were no bills to pay for this meeting.
Presentation and motion to approve the Treasurer’s Report
President Foerster explained that we don’t get a report until three weeks into the following month. The
numbers we see are basically a month and a half behind. From September 1st through February 28th, the
pool of investments showed we earned about 8%, which gets us back to about where we were at the
beginning of the fiscal year. A motion was made by Thomas Settles and seconded by Sergeant Clesen to
approve the Treasurer’s Report as submitted. Roll Call Vote: 4-ayes: Jeff Foerster, Sergeant Clesen, Jim
Schmidt, Thomas Settles. 1-absent: Officer Robert Beaudoin. Motion carried.
Approve a transfer of funds for expected expenses.
Finance Director Carolyn Lynch reported that we do not need to transfer funds at this time.
Approve the pension application of Cole Templin
A motion was made by Sergeant Clesen and seconded by Jim Schmidt to accept the pension application
of Cole Templin. Roll Call Vote: 4-ayes: Jeff Foerster, Sergeant Clesen, Jim Schmidt, Thomas Settles. 1-
absent: Officer Robert Beaudoin. Motion carried.
Approve Police Pension Board Administrative Rules
President Foerster explained that at the last meeting we approved to have Laura Goodloe to re-write
the rules since we no longer invest our funds. She came up with some other recommended changes we
should consider. It was suggested that we stagger elected positions for the pension board so that we
don’t have too many people leaving the board at one time. At the next election we can stagger the
terms so that one is for one year and one is for two years, and moving forward from then they would all
be for two years so that terms would be staggered.
It was also suggested that we send an affidavit to police pensioners to show that they are still alive to
receive their pension. This keeps us from sending pension checks to retirees that may have been
deceased and then trying to recapture that money. Another suggestion is to require a full IME for
disabled pensioners. A motion was made by Thomas Settles and seconded by Jim Schmidt to forward
the responses back to Laura Goodloe to finalize the Police Pension Board Administrative Rules.
Motion to Adjourn
A motion was made by Thomas Settles and seconded by Sergeant Clesen to adjourn at 9:45 a.m. Roll Call
Vote: 4-ayes: Jeff Foerster, Sergeant Clesen, Jim Schmidt, Thomas Settles. 1-absent: Officer Robert
Beaudoin. Motion carried.
______________________________
Monte Johnson, Recording Secretary