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McHenry Times

Tuesday, November 5, 2024

Village of Algonquin Lake Firefighters’ Pension Fund Board of Trustees met February 26

Meeting 10

Village of Algonquin Lake Firefighters’ Pension Fund Board of Trustees met Feb. 26.

Here is the agenda provided by the board:

1. Call to Order

2. Roll Call

3. Public Comment – Limit of 3 minutes per person

4. Approval of Meeting Minutes

a. November 13, 2019 Regular Meeting

b. Semi-Annual Review of Closed Session Meeting Minutes

5. Investment Report – Sawyer Falduto Asset Management, LLC

a. Quarterly Investment Performance Report

b. Review/Update Investment Policy

6. Accountant’s Report – Lauterbach & Amen, LLP

a. Monthly Financial Report

b. Presentation and Approval of Bills

c. Additional Bills, if any

7. Communications and Reports

a. Statements of Economic Interest

b. Affidavits of Continued Eligibility

c. 2020 IRS Mileage Rate

8. Applications for Membership/Withdrawals from Fund

a. Status of Contribution Refund – Estate of Joshua Agruss

9. Applications for Retirement/Disability Benefits

10. Old Business

a. Update on District’s tax levy for Fund in December 2019

11. New Business

a. Expected Return on Investment Assumption

b. Approve Annual Cost of Living Adjustments (COLAs) for Pensioners

c. Review Trustee Term Expirations and Election Procedures

d. IDOI Annual Statement

e. Review/Approval of Board Rules Updates

f. Approve Ottosen DiNolfo engagement letter and retainer for 2020

g. Annual Servicer Certifications

12. Trustee Training Updates

a. Approval of Trustee Training Registration Fees and Reimbursable Expenses

13. Attorney’s Report – Ottosen

a. QILDRO – Kristofer Williams

b. Legal Updates – Pension Insights (First Quarter) on new laws affecting pension funds; Overview of Consolidation Law; IAFPD Fire Call article on pension risk

14. Closed Session, if needed

15. Adjournment

https://www.alfpd.org/AgendaCenter/ViewFile/Agenda/_02262020-370

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