The Geneva Firefighters Pension Board met Aug. 4 to consider admissions applications.
Here is the meeting's agenda, as provided by the board:
Geneva Firefighters Pension Fund Meeting Minutes - August 4, 2016
Present: Steve Olson, Craig Hanson, Rita Kruse, Phil Affrunti
Absent: Pat McQueeny
Also Present: Craig Larsen, AHC Advisors
The meeting was called to order by Secretary Steve Olson at 08:30AM in the fire department Conference room.
1. Review minutes from previous meetings - April 21, 2016, June 8, 2016.
Motion by Mark Einwich to approve as presented Rita Kruse Seconded the motion
Ayes 3 Nays 0
2. Consider application from Michael Antenore for admission to the Pension Fund.
Motion by Mark Einwich to accept the application Phil Affruinti Seconded the motion
Aye 4 Nays 0
3. Consider application from Joshua Henschen for admission to the Pension Fund.
Motion by Phil Affrunti Rita Seconded the motion
Ayes 4 Nays 0
4. Consider added benefit service from Lauterbach & Amen under the HELPS (Healthcare Enhancement for Local Public Safety) Act of 2007.
Moved to table by Phil Seconded by Mark
5. Update on progress in securing initial training for trustee's Rita Kruse, Phil Affrunti, Mark EinWich.
The group will use the IPPFA courses offered at the NIU Campus in Hoffman Estates this Fall. Rita Kruse will complete the registration process which will include obtaining a membership in the IPPFA to reduce the overall cost to the fund.
6. Review performance of pension fund and investment and recent transactions.
Craig Larsen reviewed the submitted report with the Board. He reported no significant changes had occurred since the last meeting.
7. Consider bills for payment. 12,451.74
Mark Einwich motioned to approve the bills for payment Rita Kruse Seconded the motion
Ayes 4 Nays 0
8. Entertain comments from trustees. Rita Kruse presented a draft of the actuarial levy for 2017. The report uses the 2014 assumption table which has caused the levy requirement to increase by $58,995. Tim Sharpe will make a formal presentation during the October 26th meeting.
9. Entertain comments from public attendees.
Phil Affrunti moved to adjourn the meeting at 11:40 2nd by Mark Einwich
Ayes 4 Nays 0
Respectfully submitted by Steve Olson
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