HomeMy WebLinkAbout07/29/2008 PPB minutes
MOUNT PROSPECT POLICE PENSION BOARD
Regular Quarterly Meeting Minutes
July 29, 2008
Meeting Called to Order At 2:00PM
Board Members Present: Rosenbarski, Saviano, Adamczyk, Halachoulis
Others Present: Rick Reimer, Rick Potter, Mary Wye, Lynn Jarog
1) Review Minutes from July 29, 2008
Motion to Accept:
lst- Adamczyk
2nd- Halachoulis
Passed 4-0
2) Becker Burke Presentation
-Government Bonds were strong for the quarter
-Overall fund was down although some managers did better than others
- Equities -0.2% for the quarter
- Bonds -1.3% for the quarter
- Current Total Assets in Fund = $40,678,290
Motion to Accept Becker Burke Report:
1 st - Rosenbarski
2nd Saviano
Passed 4-0
3) Treasurers Report
-Fund had a loss of $1 ,809,311 for the quarter
-Finance received DOl Abbreviated Actual Valuation based on Actuarial Report
Motion to Accept Treasurers Report:
1 st - Rosenbarski
2nd - Halachoulis
Passed 4-0
4) Rose Disability Update
- Possible dates for next hearing- September 3,5,15,17,18 {3rd Floor Conf.Room}
5) Discussion of Perkins Wolf Services by Trustee Halachoulis
6) Discussion of Seizert Capital Partners
7) Discussion of upcoming IPPF A Conference
Motion to send up to three Trustees to the IPPF A Conference:
1 st - Saviano
2nd - Halachoulis
Passed 4-0
8) Motion to Adjourn:
1 st - Rosenbarski
2nd- Saviano
Passed 4-0