2024-08-19 - Firefighter Pension Board - Agenda s
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NOTICE OF A REGULAR MEETING OF THE
BUFFALO GROVE FIREFIGHTERS' PENSION FUND
BOARD OF TRUSTEES
The Buffalo Grove Firefighters'Pension Fund Board of Trustees will conduct a regular meeting on Monday,August 19,2024 at
8:30 a.m. in Village Hall located at 50 Raupp Boulevard, Buffalo Grove, Illinois 60089, for the purposes set forth in the
following agenda:
AGENDA
1. Call to Order
2. Roll Call
3. Approval of Remote Attendance and Full Participation by Certain Trustees(if any)
4. Public Comment
5. Approval of Meeting Minutes
a.) Apri129,2024 Regular Meeting
b.) Semi-Annual Review of Closed Session Meeting Minutes
c.) Review/Approval—Remote Open Meeting Recordings Destruction
6. FinanciaUInvestment Reports
a.) Monthly Financial Reports from Lauterbach&Amen(April,May,June and July 2024)
b.) Presentation and Approval of Bills
c.) Addirional Bills,if any
d.) Review—Cash Balances of Local Accounts
i. BMO Bank Statement and Current Balance Status
ii. Schwab Statement,Current Balance Status and Quarterly Report—Sawyer Falduto
e.) Review/Approval—FPIF Statements of Results(April,May,June and July 2024)
f.) Review/Approval—FPIF Monthly Investment Summaries(April,May,June and July 2024)
g.) FPIF Private Market Communication to Participating Pension Funds(May 2024)
h.) FPIF Proposed Amendment to Cash Management Rule(First Public Notice July 2,2024)
i.) FPIF Proposed Amendment to Cost Allocation Rule(First Public Notice July 2,2024)
7. Communications and Reports
a.) Active Member File Maintenance
b.) DOI Siren—Reporting of Investment Fees on the Annual Statement by Article 3&4 Funds
8. Applications for Membership/Withdrawals from Fund/Service Purchase
a.) Reciprocity Update—Landon Hopp
b.) Military Purchase—Lawrence Kane
9. Applications for Retirement/Disability Benefits/QILDROs
a.) Approve Regular Retirement Benefits—William Baker
b.) Status of Dorsey QILDRO
c.) Status of Gatto QILDRO
d.) Status of Jason QILDRO
e.) Status of William Simmons Disability Application
10. Old Business
a.) Review/Approve—IDOI Annual Statement
11. New Business
a.) Review/Approve—Actuarial Valuation and Tax Levy Request
b.) Review/Adopt—Municipal Compliance Report
c.) Board Officer Elections—President and Secretary
d.) Fiduciary Liability Insurance Renewal—Gallagher Presentation(January 2025 Renewal)
12. Attorney's Report—Ottosen
a.) Pension Insights Third Quarter 2024—The New IARC Monograph on Cancer Risks for Firefighters
b.) Board Insights June 2024—U.S.Supreme Court Weighs in on Public Official Social Media Use
c.) Fiduciary Insights July 2024—Fiduciary Duty:A Short History
d.) IAFPD Fire Call Pension Pointers—Statutory Minimum Funding of Firefighter and Police Pension Funds:
The Unfinished Business of Pension Reform
e.) NAPPA Public Safety Affinity Group 7une 2024—Send Lawyers,Guns and Money:Enrollment Disputes
and Alternate Pension Entanglements
13. Trustee Training Updates
a.) Approval of Trustee Training Registration Fees and Reimbursable Expenses
b.) Acknowledgement of Training Time from Meeting
c.) Certification of Trustee Training Hours
14. Closed Session,if needed
15. Adjournment
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