St. Charles Police Pension Board to review pension fund at quarterly meeting
The St. Charles Police Pension Board will hold its quarterly meeting at 11:30 a.m. Wednesday at the St. Charles Police Department.
During the meeting, the board will review the status of the pension fund’s investment activities, including rebalancing the worksheet and the portfolio to match with statutory asset allocation for the close of Fiscal Year 2015.
The agenda also includes a discussion on altering the hurdle rates, the approval of current expenditures and a review of pending membership applications.
New business on the docket will cover the scheduling of medical exams for disabled police officers, the approval of Cost of Living Adjustments, a review of actuarial figures, liability insurance, trustee elections, beneficiary eligibility, economic interest statements for trustees and the annual Department of Insurance report.