City of Alton Police Pension Board met Oct. 27.
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 previous board meeting
4. CORRESPONDENCE
a) Gubernatorial Disaster Proclamation (Executive Order 2020-59)
b) Wolf Popper – June, July and August 2020;
c) Check #1205 in the amount of $30.00 from MillerKing LLC regarding Buhs v. Buhs, No. 19-D-95;
d) QILDRO letter sent from Attorney Christopher Hunter (dated July 22, 2020) regarding Brent Bertschi & Lana Berschi
5. BILLS
a) IPPFA, invoice #2688, 2021 membership dues, $795.00
b) Jennifer Lando, Board Clerk, (Oct. $1,150; Nov. $1,150; Dec. $1,150);
c) Jennifer Lando, postage, certified mailing of Vincent Warlick’s Warrant for Benefits, $7.10;
d) Lowery Asset Consulting, invoice #1112440, 3rd quarter 2020, $3,500.00;
e) Dennis J Orsey, P.C., 3rd quarter retainer, $1,575.00;
f) Dennis J Orsey, P.C., attorney fees & expenses over quarterly retainer,= $1,021.50
g) Others.
6. TREASURER’S REPORT (August & September 2020) - Cameo Holland
7. OLD BUSINESS
a) Verify complete filing of Annual Statement, Interrogatories, Audit with Illinois Department of Insurance.
8. NEW BUSINESS
a) Discuss and approve settings of 2021 board meeting dates (suggested dates for meetings at Alton City Hall (4th Tuesday of quarterly months at 10:00 a.m.) 1/26; 4/27; 7/27; and 10/26/2021);
b) Review and approve new Rule regarding military buyback and/or portability calculation fees by active duty officers;
c) Discuss direction for true cost calculations for Tier 2 participants;
d) Discuss IDOI Actuarial Valuation Report, and private Actuarial Valuation Report, if available and process of request for funding from Municipality;
e) Discuss Board Clerk Jennifer Lando’s current monthly salary.
9. APPLICATION FOR MEMBERSHIP
10. APPLICATION FOR BENEFITS
a) David L. DeWall – regular retirement;
b) Jason A. Simmons – regular retirement.
11. INVESTMENT REPORT – Jeff Kowalczyk – Lowery Asset Consulting, LLC
12. NEXT MEETING DATE (Tuesday, January 26, 2021 at 10:00 am.) /
ADJOURNMENT
https://www.cityofaltonil.com/minutes/18/2020-10-27%20agenda.pdf
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