HomeMy WebLinkAboutMinutes - 1/9/2024 - Police Pension BoardPolice Pension Board of Trustees
Meeting Minutes
January 9, 2024
Call to Order
The regular meeting of the City of McHenry Police Pension Board of Trustees was called to order at 8:30
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.
Absent: Officer Robert Beaudoin. Others present: Monte Johnson, Carolyn Lynch.
Public Input:
No members of the public were present to offer comments.
Approve the October 10, 2023 Regular Meeting Minutes
A motion was made by Sergeant Clesen and seconded by Thomas Settles to approve the meeting
minutes of October 10, 2023. Roll Call Vote: 4-ayes: Foerster, Clesen, Schmidt, Settles. 1-absent:
Beaudoin. Motion carried.
Approve the Treasurer’s Report
Treasurer Lynch reported that investments are up 13.66 on the year, which is $6 million since August. A
motion was made by Sergeant Clesen and seconded by Thomas Settles to approve the Treasurer’s
Report as presented. Roll Call Vote: 4-ayes: Foerster, Clesen, Schmidt, Settles. 1-absent: Beaudoin.
Motion carried.
Motion Pension Increases
A motion was made by Sergeant Clesen and seconded by Thomas Settles to approve the pension
increases as presented. Roll Call Vote: 4-ayes: Foerster, Clesen, Schmidt, Settles. 1-absent: Beaudoin.
Motion carried.
Authorize City Treasurer Carolyn Lynch to Transfer Funds as Needed
Treasurer Lynch explained that we currently have $636,000 in Illinois Funds, which we can use to pay
bills until April. Therefore, there is no need to transfer money out of investments. Jim Schmidt asked
about using the money in the McHenry Bank & Trust Savings Account, since it is earning a lower
percentage rate. Treasurer Lynch explained that we probably can’t use that money since it has a special
designated purpose, but she will look into it.
Approve the Payment of Bills
There is only one bill to pay to the attorneys. A motion was made by Sergeant Clesen and seconded by
Jim Schmidt to approve the payment of bills as presented. Roll Call Vote: 4-ayes: Foerster, Clesen,
Schmidt, Settles. 1-absent: Beaudoin. Motion carried.
Approve the Retirement Benefits for Commander Michael Cruz effective 1/2/24
A motion was made by Sergeant Clesen and seconded by Jim Schmidt to approve the retirement
benefits for Commander Michael Cruz. Roll Call Vote: 4-ayes: Foerster, Clesen, Schmidt, Settles. 1-
absent: Beaudoin. Motion carried.
Approve the Retirement Benefits for Officer Morales
A motion was made by Sergeant Clesen and seconded by Jim Schmidt to approve the retirement
benefits for Officer Morales. Roll Call Vote: 4-ayes: Foerster, Clesen, Schmidt, Settles. 1-absent:
Beaudoin. Motion carried.
Public Pension Trustee Training Update
Jeff Foerster instructed board members to complete their training and send the completion certificates
to Monte Johnson as soon as completed.
Approve Strategy for Handling of Pension Payments for those not Completing Required Annual
Affidavit of Continued Eligibility
All pensioners have turned in their affidavit of eligibility. This item for discussion and action will be
placed on the agenda for October.
Change Meeting Dates and Times
Sergeant Clesen will soon be promoted to Commander and will have a conflict with the set meeting
times on Tuesday mornings. The board agreed to move meetings to Thursdays at 8:30 a.m., with the
exception of July 3rd due to the federal holiday. A motion was made by Sergeant Clesen and seconded
by Thomas Settles to approve the changes to the 2024 Pension Board Meeting Schedule. Roll Call Vote:
4-ayes: Foerster, Clesen, Schmidt, Settles. 1-absent: Beaudoin. Motion carried.
Approve Pension Application for Christopher Cummings hired January 2.
A motion as made by Sergeant Clesen and seconded by Jim Schmidt to approve the pension application
for Christopher Cummings. Roll Call Vote: 4-ayes: Foerster, Clesen, Schmidt, Settles. 1-absent:
Beaudoin. Motion carried.
Semi-Annual Review of Executive Session Minutes
There are no executive session minutes to review.
Motion to Adjourn
A motion was made by Sergeant Clesen and seconded by Thomas Settles to adjourn at 8:43 a.m. Roll Call
Vote: 4-ayes: Foerster, Clesen, Schmidt, Settles. 1-absent: Beaudoin. Motion carried.
______________________________
Monte Johnson, Recording Secretary