2007-01-09 - Police Pension Board - Minutes Board or Commission: ❑ Police Pension Board
Document Type: ❑A e
g nda 0 Minutes
Meeting ate: 01/09/2007
Type of Meeting: ❑ Regular Meeting
BUFFALO GROVE POLICE
PENSION FUND
Police Pension Board Minutes
Regular Meeting—January 9, 2007
I. Call to Order- 6:30PM
I. Attendance
Kristiansen—absent Feld—present Fox -present
Tenerelli -present
Eisenmenger—present Voigt—present Anderson—present
I. Minutes
October 2006 minutes
Motion to accept the minutes by Trustee Voigt
Seconded by Trustee Feld Vote: 4 ayes
0 nayes
I. General Business
Invoice paid to The Center For Sports Orthopedics $1092.00 for services (Ofc. L.
Stopper)
Deposit of$391.37 regarding double withdrawal for Trustee Eisenmenger's training
expenses
Stratford Investment Advisory Group
Forecast—Economy remains strong albeit slowing
Recommendation— Purchase t-strips due in 2010, 2012, 2020
• Motion to accept recommendation: Trustee Eisenmenger
• Seconded by: Trustee Voigt Vote: 4 ayes
0 nays
Mesirow Financial
Forecast—Economy is strong; less uncertainty
Recommendation -
Hold equities in portfolio
• Motion to accept recommendation: N/A
• Seconded by: N/A
Next regular meeting scheduled for April 10, 2007
I. New Business
The board welcomed Trustee Kenneth Fox who joined the board replacing Robert
Greenberg
Trustee Eisenmenger distributed actuarial reports to the board
Trustee Fox suggested the board update and distribute its investment policy
Membership and retirement applications
Ofc. Rossi (membership) Motion to accept: Eisenmenger
Seconded: Voigt
Ofc. Bowen (membership) Motion to accept: Eisenmenger
Seconded: Voigt
Cmdr. Soucy (retirement) Motion to accept: Eisenmenger
Seconded: Voigt
Ofc. Heiderschiedt(deferred retirement) Motion to accept: Eisenmenger
Seconded: Feld
Mr. Anderson stated that Tim Sharpe—Village Actuary will make presentation in April
2007
Trustee Eisenmenger distributed new signature cards for First Midwest Bank adding
Trustee Fox and Assistant Treasurer Anderson
I. Old Business
None
I. Adjournment — 8:11PM