City of Crystal Lake Police Pension Fund Board Met Feb. 1.
Here is the agenda provided by the board:
Type of Meeting: Regular
Invitees: Trustees of the Crystal Lake Police Department Pension Fund
I. Call to Order
II. Roll Call
III. Public Comment
IV. Approval of minutes from October 15, 2020 meeting
V. Old Business
a. Presentation of annual medical evaluation and vote to continue Michael Oster’s disability benefits subject to further annual evaluations
b. Presentation of annual medical evaluation and vote to continue Shannon Ross’ disability benefits subject to further annual evaluations
VI. New Business
a. Presentation of Actuarial Report
b. Acceptance of Actuarial Valuation Report for the year beginning May 1, 2020 and ending April 30, 2021
c. Acceptance of Municipal Compliance Report
d. Approval of the annual tax levy / municipal contribution for property tax year 2020
e. Approval of the filing of the annual actuarial statement with the Public Pension Division of the Illinois Department of Insurance
f. Pension Board elections – Active member Secretary Frank Houlihan’s term expires April 30, 2021. Retired member Vice President Tom Kretschmer’s term expires April 30, 2021.
g. Approval of annual COLA increases
h. Contribution Refund of $29,290.80 for Joe Spino.
i. Retired member Feffer (deceased) surviving spouse application discussion
j. Annual verification of eligibility for beneficiaries
k. Semi-Annual review of closed executive session minutes
l. Review / update contracts with vendors
VII. Investment Activity
VIII. Treasurer’s Report
IX. Presentation of Bills
a. Reimer Dobrovolny & LaBardi PC $1743.20
b. Reimer Dobrovolny & LaBardi PC $ 502.80
c. Lauterbach & Amen, LLP – (3) monthly services $1620.00
d. Lauterbach & Amen, LLP – IDOI Report $2550.00
e. INSPE Associates - Ross $810.00
f. INSPE Associates – Oster $1672.80 g. 10/19/20 – 1/17/21 Timesheet for Recording Secretary Eileen Baker $465.00 TOTALS: $9362.80
X. Adjournment
Alerts Sign-up