McHenry Times

Village of Algonquin Police Pension Board met Oct. 23

Here is the agenda provided by the board:

I. Call to Order, Roll Call, and Establish Quorum

II. Adopt Agenda

III. Public Comment

IV. Approval of Minutes

a. Police Pension Board Regular Meeting on July 24, 2024

V. Appointments

VI. Consultant’s Report

VII. Village Treasurer’s Report

a. Financial Report for June 2024 to September 2024

b. Review 12-Month Cash Flow Projection

c. Transfer of funds to the IPOPIF

VIII. Approval of Bills

a. July 2024 – September 2024 Pension Payments

b. June 2024 – September 2024 Vendor Payments

IX. Request for Benefits

a. Consider Annuitant Increases

b. Application for Retirement: Brian Siegfort

X. Closed Session (if necessary)

XI. New Business

a. Approval of Actuarial Report for the period ending April 30, 2024

b. Review Illinois Department of Insurance Report for the period ending April 30, 2024

c. Review of Municipal Compliance Report for the period ending April 30, 2024

d. Review Participant Board Report for the period ending April 30, 2024

XII. Old Business

a. Portability Application: John Palmer

b. Independent Medical Evaulation: Charles Gibellina

XIII. Training

XIV. Next Quarterly Meeting

a. 2025 Schedule: 1/29/25, 4/23/25, 7/23/25, and 10/22/25

XV. Adjournment

https://www.algonquin.org/egov/documents/1729272276_46286.pdf