Police Pension Minutes 2010 08-10-10
Yorkville Police Pension Fund Board
804 Game Farm Road
Yorkville, Il 60560
(630) 553-4340
5:00PM on August 10, 2010
Police Department Conference Room
Minutes (Approved: November 9, 2010)
Meeting Call to Order:
at 5:03 by Mr. Overmyer
Roll Call:
Present: Mr. Overmyer, Mr. Sibenaller, Mr. DuSell, Mr. Mikolasek, Atty. Collins
Guests: Officer’s Groesch, Hilt, Alderperson Spears, Mayor Burd, (Mr.DeBord, Mr. Ower)
of MVT, Mr. Radja
Previous Meeting Minutes:
May 10, 2010
Corrections/Approval
nd
Motion to Approve: Mr. Sibenaller 2 Mr. Mikolasek Ayes 4 Nays 0
Communications:
Solicitation from Goldstein and Associates for 2008 Pension Code Book
Discussion resulted in no action by Board to consider this subscription
Monthly Treasurer’s Report
: as of July31, 2010
nd
Motion to Approve: Mr. DuSell 2 Mr. Sibenaller
Bills for Payment:
Return of contributions to Jacob Bledsoe $19,392.19
Reimbursement for required training:
Rich Hart: Meals $ 104.06
United City of Yorkville: Lodging $ 217.28
Illinois Public Pension Advisory
Committee: Ethics Training $ 447.00
MVT Management Fee:
From Schwab Acct: 3137-9036 (Jul) $ 3,959.00
Cary Collins: Attorney (July-Sep 10) $ 650.00
Kelly Zabinski: Accounting Fee $ 1,200.00
William Powell $ 162.50
Total Bills for Payment: $26,132.03
nd
Motion to Approve: Mr. DuSell 2 Mr. Sibenaller Ayes 4 Nays 0
Investments:
Progress Reports from Mitchell, Vaught, and Taylor
Money transfers from YNB to Charles Schwab & Co
Pay to: Charles Schwab & Co.
Mail to: Institutional Client Service Group
P. O. Box 628290
Orlando, Fl 32862-9906
Unfinished Business:
SB 1974: Annual Training Documentation for Pension Board Trustees
New Trustee Documents
House Bill 4603: Creditable Service: Buyback Letters for file. Officer Mikolasek to follow up.
Pension Payment Adjustments Mr’s. Sibenaller, Diederich, and Martin have all been correted
New Business:
Discussion of duties reviewed with Officers by Mr. Overmyer
Additional Business:
Atty. Collins gave a narrative on Pension reformation activities statewide. Elaborated on the city’s
history of responsible funding of and comparable “solid” financial health of the Yorkville Police
Pension Fund.
Next meeting: November 9, 2011
nd
Motion to Adjourn: Mr. Sibenaller 2. Mr. Mikolasek 6:06 p.m.
Year 2010 Meeting Dates: Feb 10, May 11, Aug 10, Nov 9