HomeMy WebLinkAbout07/28/2009 PPB MinutesMOUNT PROSPECT POLICE PENSION BOARD
Regular Quarterly Meeting Minutes
July 28, 2009
Meeting Called to Order at 2:05 PM
Board Members Present: Halachoulis, Rosenbarski, Saviano, Floyd
Others Present: Richard Reimer, Rick Potter, Jeremy Seemann, Lynn Jarog
1) Reviewed minutes of April 28, 2009 meeting
Motion to Accept
1 — Saviano
2nd — Halachoulis
Accept 4 -0
2) Reviewed minutes of special May 10, 2009 meeting
Motion to Accept
I' — Rosenbarski
2 — Halachoulis
Accept 3 -0 (Saviano abstain due to not present May 10, 2009)
3) Becker Burke Presentation
-Potter went over results for the quarter
- Negative returns on government bonds
- Mesirow contract currently under review
-Close to 45% limit
- Transition from Ariel to Perkins and Wolf paperwork still in process
- Reallocation of funds to be discussed next meeting
Motion to Accept Becker Burke report
I' — Rosenbarski
2 — Saviano
Accept 4 -0
4) Richard Reimer Presentation
- Review of Mesirow contract, potential changes
- Discussed discretion to employ broker
- Mesirow contract needs to fit new legislation
- Possibility of Board President to sign Mesirow contract when approved by lawyer
Motion to allow Pension Board President to sign Mesirow contract upon approval of
Pension Board lawyer
I' — Halachoulis
2 — Rosenbarski
Accept 4 -0
5) Selection of Pension Board officers
- General discussion of officer positions
Motion to appoint Halachoulis as President, Rosenbarski as Vice President, Floyd as
Secretary, Erb as Assistant Secretary
I' — Rosenbarski
2nd — Saviano
Accept 4 -0
6) Medical reviews and updated medical reports
- Sergeant Schmidt —Dr. Zoelick indicates currently disabled
Motion to continue disability benefits for Schmidt to age 50
I" — Rosenbarski
2nd — Floyd
Accept 4 -0
- Officer Rose — Dr. Eliades indicates currently disabled
Motion to continue disability benefits for Rose to age 50
1' — Halachoulis
2 — Rosenbarski
Accept 4 -0
Motion to table Officer Barrett updated medical report
I' — Halachoulis
2 — Savlano
Accept 4 -0
- Officer Patti — Dr. Malik indicates currently disabled
Motion to continue disability benefits for Patti to age 50
1' — Halachoulis
2 — Savlano
Accept 4 -0
- Officer Favia — Dr. Malik indicates currently disabled
Motion to continue disability benefits for Favia to age 50
1" — Rosenbarski
2 nd — Halachoulis
Accept 4 -0
- Officer Czarnecki — Dr. Malik indicates currently disabled
Motion to continue disability benefits for Czarnecki to age 50
I" — Halachoulis
2 nd — Saviano
Accept 4 -0
Motion to pay Dr. Malik bills — total $1350 ($450 each)
I' — Rosenbarski
2 — Flovd
Accept 4 -0
Motion to pay MCSEE bill for Schmidt
I" — Saviano
2 — Halachoulis
Accept 4 -0
7) Discussion of Reimer quarterly fee
- Reduced hourly rate
Motion to raise Reimer quarterly retainer fee $750 beginning July
I' — Rosenbarski
2nd- Flovd
Accept 4 -0
Motion to pay Reimer bill of $10266.20
1' — Saviano
2n — Rosenbarski
Accept 4 -0
8) Officer Rose lawsuit uodate
- Pending motion to remove individual trustees from suit
Saviano exited meeting at 1500 hours
9) Treasurers Report presented by Lynn Jarog
Motion to accept Treasurers Report
1'` — Halachoulis
2 nd — Rosenbarski
Accept 3 -0
Discussion of Rules and Regulation for future review
Motion to adjourn meeting
1 St — Rosenbarski
2nd — Halachoulis
Accept 3 -0
Meeting Adjourned at 3:05 PM