Police Pension Agenda 2011 11-08-11
Yorkville Police Pension Fund Board
804 Game Farm Road
Yorkville, IL 60560
(630) 553-4340
5:00 PM on November 8, 2011
Police Department Conference Room
AGENDA
Meeting Call to Order:
Roll Call:
Previous Meeting Minutes: August 10, 2011
Communications:
$200,000.00 was transferred from Old Second Bank to Schwab.
Monthly Treasurer’s Report: as of October 31, 2011
Purchase of Pension Code Book: Cost $49.50 per book
Bills for Payment:
Cary Collins: Attorney $ 750.00
MVT Management Fee: (Oct – Dec 2011) $ 4,409.00
From Schwab Acct: 3137-9036
Zabinski Consulting Services
Quarterly Payment $ 425.00
William Powell $ 212.50
Tim Sharp (Actuarial Study) $ 1,700.00
2011 Audit Fee (Wolfe & Co) $ 2,300.00
(Paid to City via interfund transfer)
Pension Code Book $ 49.50
Total Bills for Payment: $ 9,846.00
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:
Clerical support
Appointment notification letters to county clerk
Response to IDOI audit: Trustee signatures required
Approval of updated Rules and Regulations
Police Pension Fund Board
November 8, 2011
Page 2
New Business:
Actuarial Study Assumptions
IDOI pension reform powerpoint presentation?
Personnel Changes and Additions:
Letter to Retirees regarding 1099-R’s
New Hires:
Funds Received:
Funds Refunded:
Letter sent to former Officer Lizmarie Davila was returned to sender
Additional Business:
Set 2012 meeting dates: Feb 14, May 08, Aug 14, Nov 13
Next meeting:
Motion to Adjourn: