City of McHenry Police Pension Board met Jan. 14.
Here is the agenda provided by the board:
1. Call to Order
2. Roll Call
3. Public Input
4. Approve the October 8, 2019, and October 29, 2019, meeting minutes
5. Report of Investments and Accounts:
a. Presentation and motion to approve the Treasurer’s Report
b. LPL Financial Equities Report
c. Capital Gains Inc. Fixed Assets Report
i. Presentation about the possibility of issuing bonds to pay off the unfunded liability for the Police Pension Fund. Possible action regarding recommendation to the Finance Committee or City Council
6. New Business:
a. Department of Insurance Letter
b. Consolidation of Funds
c. Accept Applications of 2 New Officers
i. Ashley O’Herron
ii. Henri Krueger
d. Approve Pension Increases
e. Approve the purchase of service-time for unpaid leave for Officer Jill Foley
f. Motion to approve a request from Bryan Wegner for a refund of all pension fund contributions in the amount of $19,651.16
g. Approve portability of time for Susan Ellis
h. Approve portability of time for Ashley O’Herron
7. Unfinished Business:
a. Motion to approve the payment of bills
b. Public Pension Trustee Training Update
8. Semi-Annual Review of Executive Session Minutes
9. Additional Items for Discussion
10. Adjournment
https://cityofmchenry.org/vertical/Sites/%7B32BA702A-197A-429A-BC8D-0F4D5E307CAD%7D/uploads/1-14-20_Police_Pension_Agenda.pdf
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