HomeMy WebLinkAbout07/21/1986 FFPB MinutesMINUTES OF THE REGULAR MEETING OF THE
MOUNT PROSPECT FIREMENS PENSION FUND BOARD
JULY 21, 1986
CALL TO ORDER
In the absence of the President, the Secretary called the meeting to
order at 8:26 A.M.
Richard Jesse, seconded by Randy Werderitch, moved to nominate Del
Ulreich as President Pro Tem.
There being no further nominations, it was declared nominations closed.
Upon calling the roll for Del Ulreich to act as President Pro Tem,
the vote was as follows:
Ayes: Unanimous
Motion carried.
ROLL CALL
Present upon roll call: Richard L. Jesse, Treasurer/Comptroller
Del Ulreich, Firefighter
Ron Olsen, Firefighter
Randy Werderitch, Firefighter
Carol A. Fields, Village Clerk/Secretary
George Cullens, Retired Firefighter
Absent: Fire Chief
Carolyn H. Krause, Mayor
Village Attorney
APPROVAL OF MINUTES
Carol Fields, seconded by Richard Jesse, moved to -approve the minutes
of the regular meeting of the Firemens Pension Fund Board held
April 21, 1986.
Upon roll call: Ayes: Jesse, Ulreich, Olsen, Werderitch, Fields,
Cullens
Nays: None
Motion carried.
Firemens Pension Fund Board
July 21, 1986
Page 2 of 5
Randy Werderitch, seconded by Richard Jesse, moved to approve the
minutes of the special meeting of the Firemens Pension Fund Board held
May 19, 1986.
Upon roll call: Ayes: Jesse, Ulreich, Olsen, Werderitch, Fields,
Cullens
Nays: None
Motion carried.
Richard Jesse, seconded by Randy Werderitch, moved to approve the
minutes of the special meeting of the Firemens Pension Fund Board
June 10, 1986. held
Upon roll call: Ayes: Jesse, Ulreich, Olsen, Werderitch,
Cullens Fields,
Nays: None
Motion carried.
TREASURERS REPORT
Treasurer Richard Jesse presented the Treasurers Report dated June 3
1986 showing a Par Value of $10,228,692.21. 0,
It was 110ted that the Board recently approved retaining the s
a financial consult --ant and that M'r.- Fred service of
Neal's recommendations would
be presented at a meeting scheduled for 8:30 A.M. On Wednesday, July
23rd. Me'fllberfs of the Board were, encouraged to attend.
Carol Fields, seconded by Ron Olsen, moved to accept the Treasurer's
Report dated June 30, 1986.
Upon roll call: Ayes: Jesse, Ulreich, Olsen, Werderitch, Fields,
Cullens
Nays: None
Motion carried.
Page 2 - July 21, 1986
Firemens Pension
July 21, 1986
Page 3 of 5
The Board restated
recommended by Mr.
Fund Board
their policy to
Neal. authorize the investment
Carol Fields, seconded by
No. 2 Of the Mount Prospect Ron Olsen, moved for Passage of R
Firemens Pe
Resolution Placed on the Official nsi on Fund, which
for the Treasurer to make Variou record the authorization
for the betterment of the Fund. S invest Monts on behalf of
Upon roll call: Ayes: Cavello, Krause,
Nays: Cullens, Fields
None
Motion carried.
Jesse, Olsen, WeK
COMMITTEE REPORTS
Kh" there was no Medical COmmittee reoort, Ron Olsen did st
new members Of the departlent would be c
that the Ward should revn sworn Won August 18,
applications Jew their medical reports and cOnsid
A special for membership in the Pension Fund.
W meeting will be
A.M. in the Fire Chief's
recommendations relative
FINANCE COMMITTEE
No report.
held 11 ""dnssdaY, August 6, 1986
Office in order to review and make
to the medical reports and applicati(
REQUEST FOR DIS081LITY BENEFITS
A reQUest had been received from Firefighter/Paramedic Robert i
for disabilU
UY benefits at the last meeting, June 10, 1986, at
time Firefighter KOOiker was directed to Obtain
2 doctors, in addition to his the medical Opj
Is own doctor.
Those medical reports have been received from Dr. Meyer and Dr.
as well as from or. Zydlow. The medical reports indicated that
XONker had injured his back some time ago and that in their me,
OpiniOn he Should not continue employment as a firefighter/parai
It was also noted that the original injury took Place February
While on duty as a firefighter.
Page 3 - July 21, 1986
Firemens Pension Fund Board
July 21, 1986
Page 4 of 5
The opinions of the doctors were based on job descriptions as supplies
to them by the Pension Board.
Firefighter Kooiker has been a member of the Fire Department and
Pension Fund for 16 years.
It was determined that there are no positions open in the Department
Code Enforcement nor any other light duty positions within the
Department.
George Cullens, seconded by Carol Fields, moved to grant the request o:
Robert Kooiker for a duty related disability
1986 and based on the following calculations;Pension effective July 21
Salary as of 7/21/86)
Incentive)
Longevity)
Total
Annual
Monthly:
$32,733.22
600.00
33,333.22
x .65
$21,666.59
$ 1,805.55 as of August, 1986
July, 1986 11 days @ $58.2434 = $640.68
Upon roll call: Ayes: Jesse,.Olsen, Werderitch, Fields,
Cullens
Nays: Ulreich
Motion carried.
Carol Fields, seconded by Randy Werderitch, moved to authorize the
Treasurer to pay all the medical bills in connection with Robert
Kooiker's physical examinations in line with his request for disability
benefits.
Upon roll call: Ayes: Jesse, Olsen, Ulreich, Werderitch, Fields,
Cullens
Nays: None
Motion carried.
Page 4 - July 21, 1986
Firemens Pension Fund
July 21, 1986
Page 5 of 5
ADJOURN
Richard Jesse, seconded by Ron Olsen, moved to adjourn the meeting.
Upon roll call: Ayes: Jesse, Olsen, Ulreich, Werderitch Fields,
Cullens ,
Nays: None
Motion carried.
The meeting was adjourned at 9:01 A.M.
Carol A. Fields
Recording Secretary
Page 5 -- July 21, 1986
RESOLUTION NO. 2
MOUNT PROSPECT FIREMENS PENSION FUND BOARD
WHEREAS, the purpose of the Mount Prospect Firemens Pension Fund
Board is to govern matters of the Fund, including, but not
limited to, the prudent investment of the Funds; and
WHEREAS, the Mount Prospect Firemens Pension Fund Board review
and consider the appropriate investments for the Fund; and
WHEREAS, the inembers of the Mount Prospect Firemens Pension Fund
Board have retained a financial investment consultant in order to
advise -he Board of the current market tread and best investments
of funds enabling the best return on the Funds investi'n.ents; and
WHEREAS, the Mount Prospect Firemens Pension Fund Board have
authorized the Treasurer of the Fund to purchase and sell
securities held in the name of the Mount Prospect Firemens
Pension Fund.
NOW, THEREFORE, BE IT RESOLVED BY THE MOUNT PROSPECT FIREMENS
PENSION FUND BOARD AS FOLLOWS:
SECTION ONE: That the MOUnt Prospect Firemens Pension Fund Board
do hereby authorize tae Treasurer of
i
sell securities lie.ld in the nat'we of tile Board dofoTrrusteeseofnd
the Mount Prospect F. , rem(�.,ns Pension Fund.
ECTI W O: That this Resolution shall be in full force and
provided by law.
TI
e"r m and after its passage and approval in the manner
AYES: Cavello, Krause, Jesse, Olsen, Werderitch, Barra,
Ulreich, Fields
NAYS: None
ABSENT: Village Attorney
PASSED AND APPROVED this 21st day of July, 1986.
ATTEST:
Secretary`
resIentPro
m