Village of Fox River Grove Police Pension Fund Board will meet Jan. 3.
Here is the agenda provided by the Board:
1. Call to Order
2. Roll Call
3. Approval of Minutes from Board Meeting of October 4, 2017 and 2018 Meeting Schedule
4. Finance Reports:
a. Village Treasurer’s Office
1. Finance Reports
2. Approval of bills including discussion of State Compliance Fund Fee
b. Report from Mitchell, Vaught & Taylor, Investments Advisors
5. Old Business:
a. RFP progress report of investment firms
1. Request of proposal for Investment Services
b. Discussion of Rules & Regulations for Pension Fund as drafted by Attorney Collins. Acceptance as drafted
c. Status of training for Board members
d. Continued memberships with both IPPAC & IPPFA
6. New Business:
a. Approval of annual increases to beneficiaries
1. Three percent increase effective January, 2018 compounded from for those receiving retirement benefits.
2. Three percent increase, non-compounded for those on permanent disability and having attained minimum age to receive annual increase.
3. Provide accountants with directions for annual increases of those receiving retirement pensions versus permanent disability benefits.
7. Attorney Report
8. Adjournment (Next meeting April 4th, 2018 @ 5:30 p.m.)
http://www.foxrivergrove.org/egov/documents/1514571523_93806.pdf
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