City of Alton Police Pension Board met Jan. 22.
Here is the agenda provided by the board:
1. CALL TO ORDER / ROLL CALL
2. PUBLIC COMMENTS
3. MINUTES - Read and approve the minutes for the 11/20/18 special board meeting
4. CORRESPONDENCE
a) Falconpath Advisors informational letter regarding funding.
5. BILLS
a) Board Clerk, Jennifer Lando - January $1,150.00; February $1,150.00;
March $1,150.00;
b) Cameo Foster - $64.90 (conference reimbursement);
c) Board Clerk, Jennifer Lando - $6.70 (postage reimbursement);
d) Lowery Asset Consulting $3,500.00 (4th Quarter, 2018);
e) Dennis J. Orsey, P.C. $1,500.00 (quarterly retainer)
f) Others
6. TREASURER’S REPORT / APPROVE2019BENEFIT PAYMENTS (including 2019 COLA increases) - Cameo Foster
7. OLD BUSINESS
a) Discuss status of City sale of assets for benefit of pension fund.
8. NEW BUSINESS
a) Review City’s independent Actuarial Valuation Report prepared by AON and compare to Municipal tax levy ordinance and City funding of pension fund.
b) Discuss upcoming reappointment for board member, Cameo Foster, term expires 5/14/2019 (2 year term)
c) Illinois Finance Entity forms due February 28, 2019.
d) Discuss filing Economic Interest disclosure forms with County Clerk by May 1, 2019.
e) Discuss Trustee attendance at educational seminars to obtain required training hours and upcoming training events:
• IPPFA 2019 Illinois Pension Conference at EmbassySuites by Hilton, East Peoria, Illinois; April 30 - May 3, 2019
• IPPFA Mid American Pension Conference, Lake Geneva, Wisconsin; October 1 - October 4, 2019.
8. NEW BUSINESS (continued)
f) Discuss IPPFA Retiree / Beneficiary death auditing service.
g) Discuss Public Act 100-0542 regarding required disclosures by Investment Consultants and submission by Lowery Asset Consulting.
h) Discuss the death of beneficiary, Wendall Cunningham and the final disbursement to his estate.
9. APPLICATION FOR MEMBERSHIP
a) Nicholas Tindall
b) Kevin Hendricks
10. APPLICATION FOR BENEFITS
a) Adam Feldewerth - refund of contributions
11. INVESTMENT REPORT - Lowery Asset Consulting
12. NEXT MEETING DATE (Tues., April 23, 2019 @ 10:00 a.m.) / ADJOURNMENT
https://www.cityofaltonil.com/minutes/18/2019-01-22%20Agenda.pdf
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