2025-11-10 - Firefighter Pension Board - AgendaBuffalo Grove Firefighters’ Pension Fund
50 Raupp Boulevard, Buffalo Grove, Illinois 60089
NOTICE OF A REGULAR MEETING OF THE
BOARD OF TRUSTEES
The Buffalo Grove Firefighters’ Pension Fund Board of Trustees will conduct a regular meeting on Monday, November 10,
2025 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 4, 2025 Regular Meeting
b.) September 4, 2025 Special Meeting
c.) September 4, 2025 Closed Session
d.) December 12, 2002 Closed Session (Deau Disability Hearing)
6.Financial/Investment Reports
a.) Monthly Financial Reports from Lauterbach & Amen (July, August and September 2025)
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 of Cash Projections and Cash Needs
f.) GCM Recurring Withdrawal Instructions for 2026
g.) Review/Approval – FPIF Statements of Results (June, July, August and September 2025)
h.) Review/Approval – FPIF Monthly Investment Summaries (July, August and September 2025)
7.Communications and Reports
a.) Affidavits of Continued Eligibility
8.Applications for Membership/Withdrawals from Fund/Service Purchase
a.) Applications for Membership – Tim Heatley, Patrick Murray and Nick Wolski
b.) Status of Baniqued Combined Creditable Service/Reciprocity
c.) Status of Murray Combined Creditable Service/Reciprocity
d.) Status of Heatley Military Service Purchase
9.Applications for Retirement/Disability Benefits/QILDROs
a.) Duty Disability Benefits – Steven Dorsey
i. Review and Approve Findings and Decision
ii. Review and Approve Benefits Calculation
b.) Status of Qualified Illinois Domestic Relations Orders (QILDROs)
i.Status of Dorsey QILDRO
ii.Status of Gatto QILDRO
iii.Status of Olsen QILDRO
c.) Status of Annual Independent Medical Examination – William Simmons
10.Old Business
a.) Status of Shared Cloud Site/Dedicated Pension Trustee Emails Project
b.) Discussion/Possible Action – Active Member Workshop
11.New Business
a.) Review/Approve – Fiduciary Liability Insurance Renewal
b.) Review/Approve – Lauterbach & Amen Engagement Letter
c.) Establish 2026 Board Meeting Dates
12.Attorney’s Report – Ottosen
a.) Pension Insights for Fourth Quarter 2025 (New Legislation)
b.) IAFPD Fire Call Pension Pointers (Summer 2025) (Ethical Obligations of Pension Trustees)
c.) 2025 Biennial Report of the DOI Public Pension Division
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