HomeMy WebLinkAboutMinutes - 6/26/2024 - Police Pension BoardPolice Pension Board of Trustees
Meeting Minutes
June 26, 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. on Wednesday, June 26, 2024, at McHenry City Hall, 333 S Green St, McHenry, IL.
Roll call:
Members present: President Jeffery Foerster, Commander Nick Clesen, Jim Schmidt, Thomas Settles.
Absent: Officer Robert Beaudoin. Others present: Monte Johnson.
Public Input:
No members of the public were present to offer comments.
Approve the April 24, 2024 Regular Meeting Minutes
A motion was made by Jim Schmidt and seconded by Tom Settles to approve the meeting minutes of
April 24, 2024. Voice Vote: 4-ayes: Foerster, Clesen, Schmidt, Settles. Absent: Beaudoin. Motion
carried.
Approve the Payment of Bills
The claims report only contains one payment needed for a $60 for a medical reimbursement. A motion
was made by Jim Schmidt and seconded by Thomas Settles to approve the payment of bills as
presented. Voice Vote: 4-ayes: Foerster, Clesen, Schmidt, Settles. Absent: Beaudoin. Motion carried.
Treasurer’s Report
Jim Schmidt requests that Carolyn Lynch check interest rates as it seems we should be making more
from the Illinois Funds account. A motion was made by Commander Clesen and seconded by Jim
Schmidt to approve the Treasurer’s Report as presented. Voice Vote: 4-ayes: Foerster, Clesen, Schmidt,
Settles. Absent: Beaudoin. Motion carried. Motion carried.
Authorize City Treasurer Carolyn Lynch to Transfer Funds as Needed
With Treasurer Carolyn Lynch absent, it was assumed that no funds need to be transferred at this
moment.
Extend the disability for Justin Debolt and Sean Klechak
The proper paperwork was received from the medical exams for Justin Debolt and Sean Klechak. A
motion was made by Jim Schmidt and seconded by Commander Clesen to extend the disability for Justin
Debolt and Sean Klechak. Voice Vote: 4-ayes: Foerster, Clesen, Schmidt, Settles. Absent: Beaudoin.
Motion carried.
Approve the pension retirement application for John Adams.
John Adams retired on June 21, 2024. A motion was made by Tom Settles and seconded by Jim Schmidt
to approve the pension retirement application for John Adams. Voice Vote: 4-ayes: Foerster, Clesen,
Schmidt, Settles. Absent: Beaudoin. Motion carried.
Approve the renewal of Fiduciary Liability from Alliant.
A motion was made by Commander Clesen and seconded by Jim Schmidt to approve the Fiduciary
Liability from Alliant. Voice Vote: 4-ayes: Foerster, Clesen, Schmidt, Settles. Absent: Beaudoin. Motion
carried.
Approve an updated engagement letter for non-actuarial calculations for Lauterbach & Amen, LLP.
Lauterbach & Amen have updated their pricing for non-actuarial calculations, with the fee set to
increase by 3% annually. A motion was made by Jim Schmidt and seconded by Commander Clesen to
approve an updated engagement letter for non-actuarial calculations for Lauterbach & Amen, LLP. Voice
Vote: 4-ayes: Foerster, Clesen, Schmidt, Settles. Absent: Beaudoin. Motion carried.
Semi-Annual Review of Executive Session Minutes.
There are no executive session minutes to review or release.
Motion to Adjourn
A motion was made by Commander Clesen and seconded by Jim Schmidt to adjourn at 8:42 a.m. Voice
Vote: 4-ayes: Foerster, Clesen, Schmidt, Settles. Absent: Beaudoin. Motion carried.
______________________________
Monte Johnson, Recording Secretary