Village of Bloomingdale Police Pension Board met Jan. 27.
Here is the agenda provided by the board:
1. Call to Order
2. Roll Call
3. Audience Participation
4. Acceptance of Minutes
Regular Meeting of October 28, 2019 (previously sent electronically)
5. Financial Reports and Investments
A. Treasurer’s Report for Period Ending 12/31/2019;
B. Potential Purchase or Sale of Securities;
C. Approval of Payments.
6. New Business
A. Review/Modification of Fund’s Investment Policy and Asset Allocation;
B. Application for Membership into the Fund – Officer Michael Roberts;
C. Fiduciary Liability Insurance for FY21 (verbal);
D. Call for Elections – one (1) member of the active police force and one (1) member of the retired membership.
Said elections to be held on the 3rd Monday in April (April 20, 2020), with terms to commence on the 2nd Tuesday in May (May 12, 2020) and expire after Monday, May 9, 2022;
E. Authorize Payment of Annual IDOI Compliance Fee & Protest Letter (verbal).
7. Other Business
A. Bill Consolidating Investment Assets of Article 3 & Article 4 Pension Funds;
B. Refund of Contribution - Coalition For Qualified Plan Status;
C. FY21 Budget, no action required;
D. Letter to President Fritz Regarding Request From Charles Mader to Designate ExSpouse As Surviving Spouse/Attorney Reimer (12/3/19).
8. Information Items
A. Fund Attorney Report (verbal);
B Legal and Legislative Update, Reimer & Dobrovolny PC (Vol 18, Issue 1 – January 2020) (previously sent electronically);
C. IMET – Liquidating Trust Distribution;
D. Police Pension Records Disposal Certificates;
E. Status Update - Return of Annual Certification of Beneficiary Forms;
F. Actuarial Valuation Report from IDOI as of May 1, 2019;
G. Letter to Village President Coladipietro Regarding Annual Tax Levy Requirements for the Tax Year 2020/Attorney Reimer (11/4/19).
9. Old Business
10. Comments from the Public – Agenda Items Only
11. Adjournment
http://www.villageofbloomingdale.org/AgendaCenter/ViewFile/Agenda/_01272020-699
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