Police Pension Agenda 2010 05-10-10
Yorkville Police Pension Fund Board
804 Game Farm Road
Yorkville, Il 60560
(630) 553-4340
5:00PM on May 10, 2010
Police Department Conference Room
Agenda
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Meeting Call to Order:
Roll Call: Present:
Guests:
Communications:
No funds
were transferred from checking to the Schwab account since Feb 9, 2010.
Trustee Election Results:
Active Members Results:
Retiree Member Results:
Election of Board Officers
Previous Meeting Minutes: Feb 9, 2010
Corrections/Approval
Treasurer’s Reports:
Monthly: as of April 30, 2010
Annual: as of April 20, 2010
Fiscal Year 2010-2011 Budget
Bills for Payment:
Return of Contributions: Jordan Poulos $14,282.08
MVT management fees:
From Schwab #3137-9036 (Jan) $ 4,063.00
Cary Collins: Attorney (Oct -Dec 09) $ 650.00
Actuary Study Ending 4/30/2010 $ 1,500.00
Zabinski Consulting Services Inc $ 400.00
William Powell $ 587.50
Total Bills for Payment: $21,482.58
Investments:
Increase in Old Second Bank minimum balance:
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
Progress Reports from Mitchell, Vaught, and Taylor
Police Pension Fund Board
May 10, 2010
Page 2
Unfinished Business:
Improving the IDOI Filing Process:
Acceptance of Zabinski Consulting Services Inc Proposal
Electronic Transfer of Funds: Old Second Checking Account to Schwab Account
SB 1974: Annual Training Documentation for Pension Board Trustees and FOIA Administrators
House Bill 4603: Creditable Service: Buyback Letters for file.
Discussion of the Investment Policy and the Rules and Regulations
Record Retention
New Business:
Retirement: Glen Calvert
Additional Business:
Pension Payment Adjustments:
Next meeting:
Motion to Adjourn:
Year 2010 Meeting Dates: Feb 10, May 10, Aug 10, Nov 9