Dupage Policy Journal

Westmont Police Pension Board of Trustees met Jan. 17.

Here is the agenda as provided by the Board:

Call to order

Roll call

Pledge of allegiance

Minutes: Board to consider a motion to approve prior meeting minutes

Public comment: Limited to 3 minutes per person

Reports

President

Fund Consultant – Kevin Crain, Morgan Stanley

    Confirm over/under targets

Lauterbach & Amen

     Financial Report

Attorney

Secretary/Assistant Secretary

      Resignation of Officers Kurinec and Pedota

Trustees

Treasurer

Items for future agendas:

Release of Executive Session Minutes (October, April)

Review Investment Policy Statement Annually (January)

Review Benchmarks (January)

Review Preparation for Elections (January)

Status as to disability pensions (January)

Review status of terminated members who have not received a refund (January)

Election Results (April)

Appointment of Officers (July)

Establish Meeting Dates (October)

Old business

New business

Approve COLA Increases: Board to consider a motion approving the annual COLA increases.

Review Investment Policy: Board to review investment policy and consider amending the policy, if it deems such a motion to be prudent.

Review Benchmarks: Board to review benchmarks and consider amending the benchmarks, if it deems such a motion to be prudent.

Contract for Professional Services Administration: Board to consider a motion approving a contract with Lauterbach & Amen to provide Professional Services Administration services.

Accept New Officer: Board to consider a motion accepting Hugo Pacheco into the police pension fund.

Review Preparation for Elections: Board to review preparations for elections.

Approval of Vendor Payments: Board to consider a motion approving the vendor checks issued since the payments that were approved at the last board meeting.

Investment Management Changes: Board to consider a motion to change investment managers, if it determines such a motion to be prudent.

Rebalance Funds: Board may consider a motion to rebalance the fund if it determines such a motion to be prudent.

Release of Executive Session Minutes: Board may adjourn to executive session to

review executive session minutes, and, after returning to regular session, may release minutes if so determined.

Executive session: The Board may adjourn to closed session to discuss matters so permitted and may act upon such matters upon returning to open session.

Adjourn

http://www.westmont.illinois.gov/AgendaCenter/ViewFile/Agenda/01172017-914