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Village of Glen Carbon Police Pension Board met October 23

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Village of Glen Carbon Police Pension Board met Oct. 23.

Here is the minutes provided by the board:

CALL TO ORDER:

ROLL CALL:

PUBLIC INPUT:

APPROVAL OF MINUTES: Regular Meeting July 2019

OLD BUSINESS:

 Trustee Training

 Legislative Report: Attorney Orsey

o Motion to Approve Resolution Regarding

Consolidation of Pension Funds Opposing

Consolidation

 Annual Statement and Proposed Tax Levy

NEW BUSINESS:

1. Approval to Accept Gerard Spratt into the fund on Sept. 9th, 2019

2. Approval of IPPFA dues $795.00

3. Approval of Pension Increase of 3% to David Bradford to $2,653.95 in January of 2020 and Paul Cates to $5,532.81 in January of 2020

4. Approval of Attorney Payment

5. Budget Discussion and Approval

6. Quarterly Investment Report Busey Bank and Discussion of Transition from Bank of Edwardsville

a. Motion to Approve Report

7. Selection of 2020 meeting dates

8. Other Business

Next Meeting Date

Adjourn

http://www.glen-carbon.il.us/ArchiveCenter/ViewFile/Item/4491

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