Police Pension Minutes 2024 08-13-24Yorkville Police Pension Fund Board
651 Prairie Pointe Dr
Yorkville, IL 60560
(630) 553-4340
5:00 PM on August 13, 2024
Yorkville City Hall
3`d Floor, West Conference Room, Rm 335
651 Prairie Pointe Dr, Yorkville, IL
MinntPc
Attachments:
Meeting Minutes for May 21, 2024 President/Secretary to sign
Bills for Payment
Illinois Funds Statement
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Meeting Call to Order: Meeting called to order by Jeff Burgher at 5: 03pm
Roll Call: Present: Jeff Burgner, Ray Mikolasek, John Hunter, Rob Fredrickson
Guests: Toni Radja, Attorney (by telephone)
Citizen Comments: None
Previous Meeting Minutes: May 21, 2024
Corrections/Approval
Motion to Approve: Ray Mikolasek, 2" d John Hunter — 3 Ayes, 0 Nays
Communications: None
Monthly Treasurer's Report: None
Motion to approve;
Bills for Payment:
Zabinski Consulting (May- July) $ 1,950.00
UCOY Postage Reimbursement $ 25.81
Radja Collins Law: Attorney $ 825.00
Total. Bills for Payment: $ 2,800.81
Motion to Approve: Ray Mikolasek, 2"' John Hunter - Roll Call vote; Jeff Burgner, aye; Ray Mikolasek, aye;
John Hunter, aye,
Investments: IPOPIF Statement
- Rob Fredrickson introduced the July 2024 IPOPIF statement showing the YTD investment return is 7.86%
which is above the 7% benchmark. The fund balance as of July 31 was $17,915,528.10.
Old Business:
- Rcview/Discuss updated Rules and Regulations
o Tabled until November meeting
- Trustee training options after dissolution of IPPAC
o Tabled until November meeting
New Business:
Retired Member Pension Trustee Election Results
o Only one person was nominated (Greg Sibenaller)
o Motion to accept the position by acclimation Ray Mikolasek, 2"' Jeff Burgner - 3 Ayes, 0 Nays
Personnel Changes and Additions: None
Additional Business:
- Approval of Andrew Jeleniewski pension payment adjustment (death of ex -spouse)
o Motion to approve: Ray Mikolasek, grad John Hunter — 3 Ayes, 0 Nays
- Behr Pfizenmaier — transfer of creditable service to Oswego Police Department
o Motion to approve the transfer of $418, 065.88 to the Oswego Police Pension Fund - Ray Mikolasek,
2"' John Hunter. Roll Call vote: Jeff Burgner, aye; Ray Mikolasek, aye; John Hunter, aye.
Citizen Comments: None
Next meeting:
November 12, 2024 5:00pm
Motion to Adjourn: Ray Mikolasek, 2"d John Hunter — 3 ayes 0 nays @ 5:15pm
2024 meeting dates: Feb 13, May 21, Aug 13, Nov 12
Presicrent Secretary