2024-10-28 - Firefighter Pension Board - Agenda ,
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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,
October 28, 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.) August 19,2024 Regular Meeting
b.) September 4,2024 Special Meeting
6. Financial/Investment Reports
a.) Monthly Financial Reports from Lauterbach&Amen(July,August and September 2024)
b.) Presentation and Approval of Bills
c.) Additional 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(June,July,August and September 2024)
f.) Review/Approval—FPIF Monthly[nvestment Summaries(July,August and September 2024)
g.) GCM Recumng Withdrawal Instructions for 2025
h.) Cash Projections for 2025—Review and Approval for Submission to FPIF
i.) Cash Management Policy Revisions—Review and Possible Approval
7. Communications and Reports
a.) Affidavits of Continued Eligibility
8. Applications for Membership/Withdrawals from Fund/Service Purchase
9. Applications for Retirement/Disability Benefits/QILDROs
a.) Review/Approval—Findings and Decision and Non-Duty Disability Benefit Calculation for
William Simmons
b.) Status of Dorsey Q[LDRO
c.) Status of Gatto QILDRO
d.) Status of Jason QILDRO
10. Old Business
a.) Fiduciary Liability[nsurance Renewal(Gallagher)
1 l. New Business
a.) Terminated Members with Contributions in the Fund—Review and Possible Reporting to Illinois
State Treasurer
b.) Establish 2025 Board Meeting Dates
12. Attorney's Report—Ottosen
a.) Legal Insights(4`h Quarter 2024)(New Legislation)
b.) Board Insights(September 2024)(Recent PAC Opinions on OMA)
c.) Board Insights(October 2024)(Handling Remote Attendance)
d.) Fiduciary[nsights(October 2024)(Core Fiduciary Duties of Care and Loyalty)
e.) IAFPD Fire Call Pension Pointers(Summer 2024)(Tier 2 and Statutory Minimum Funding
Reform)
£) IFSC FPIF Presentation(September 2024)
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