HomeMy WebLinkAbout01/16/1984 FFPB MinutesMINUTES OF THE REGULAR MEETING OF THE
MOUNT PROSPECT FIREMENS' PENSION FUND BOARD
JANUARY 16, 1984
CALL TO ORDER
The meeting was called to order at 8:07 A.M. by President
Pairitz.
ROLL CALL
Present upon roll call: Chief Lawrence A. Pairitz, President
Carolyn H. Krause, Mayor
Lt. Donald E. Barra, Firefighter
Richard L. Jesse, Treasurer
Carol A. Fields, Village Clerk/Secretary
Absent: Del Ulreich, Firefighter
Ronald Olsen, Firefighter
George Cullens, Retired Firefighter
Village Attorney
Also present: David Jepson, Director of Management
Services (Finance Department) of the
Village of Mount Prospect
APPROVAL OF MINUTES
Lt. Barra, seconded by Richard Jesse, moved to approve the
minutes of the regular meeting of the Mount Prospect Firemens'
Pension Fund Board held July 18, 1983.
Upon roll call: Ayes: Unanimous
Motion carried.
Lt. Barra, seconded by Richard Jesse, moved to approve the
minutes of the special meeting of the .Mount Prospect Firemens'
Pension Fund Board held November 11, 1983.
Upon roll call: Ayes: Unanimous
Motion carried.
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TREASURER'S REPORT
Richard Jesse, Treasurer, presented the Financial Report of
the Fundforthe period ending December 31, 1983.
Lt. Barra, seconded by Carolyn Krause, moved to accept the
Financial Report as submitted.
Upon roll call: Ayes: Unanimous
Motion carried.
COMMITTEE REPORTS
FINANCE COMMITTEE
It was reported that the Independent Actuarial Audit, being
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conducted by A. S. Hansen, Inc. is not completed, however
the report should be available by the April meeting of the
Fund.
MEDICAL COM11AITTEE - No report.
OLD BUSINESS
Richard Jesse noted that at the last regular meeting of
the Fund, the Board authorized the purchase of 'strip bonds'.
Such purchase has been accomplished and Mr. Jesse requested
the Board authorize rental of a Safe Deposit Box at the
Mount Prospect State Bank for the purpose of security for
strip coupons. The signatures on the safe deposit box are
Richard Jesse as Treasurer, Carol Fields, Secretary,
Chief Pairitz as President. It will necessary for two
of the authorized people to sign in order to enter the box.
Lt. Barra, seconded by Carolyn Krause, moved for passage
of Resolution No. 2, authorizing a safety deposit box in
the name of the Mount Prospect Firemens' Pension Fund Board
at the Mount Prospect State Bank.
Upon roll call:
Motion carried.
Ayes: Unanimous
NEW BUSINESS
A request was presented from Charles Forton, to be awarded
his pension, having completed over 20 years as a member of
the Department and Pension Fund, and having attained the -
age of 50.
It was noted that based on an annual salary of $30,300 plus
$700 longevity, the monthly pension would total $1,304.60.
Carol Fields, seconded by Richard Jesse, moved to authorize
a retirement pension to Charles Forton, effective
February 23, 1984, at a monthly rate of $1,304.60.
Upon roll call:
Motion carried.
Ayes: Unanimous
It was noted that prior to the April 16, 1984, meeting of
the Pension Fund Board, an election would be held to fill
one position as an active firefighter and one position from
the ranks of retired firefighters. Firefighter Ron Olsen's
3 year term will expire in April, 1984, as well as retired
Firefighter George Cullens term.
A letter from Del Ulreich was presented in his absence. The
subject of the letter was the fact that George Cullens was
seated on the Board as a retired firefighter. Del's objection
was that George is receiving disability pension and in his
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opinion does not qualify as a member of the Pension Fund Board.
It was brought to the attention of those in attendance that
the Pension Fund Board had requested and received a legal
opinion for the Village, namely Ross, Hardies, which opinion
stated that a qualified member of the Fund receiving a pension,
whether disability or retirement, was indeed qualified to
run for election on the Board.
Lt. Barra, seconded by Carolyn Krause, moved to deny the
request of Del Ulreich and not seek another opinion on the
subject of qualifications as to membership on the Pension
Fund Board as it pertains to retired or disabled firefighters.
Upon roll call: Ayes: Unanimous
Motion carried.
ADJOURN
Richard Jesse, seconded by Carolyn Krause, moved to adjourn
the meeting.
Upon roll call: Ayes: Unanimous
Motion carried.
The meeting was adjourned at 8:31 A.M.
Carol A. fields
Secretary
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