2006-10-17 - Police Pension Board - Minutes Board or Commission: ❑ Police Pension Board
Document Type: ❑A e
g nda 0 Minutes
Meeting ate: 10/17/2006
Type of Meeting: ❑ Regular Meeting
BUFFALO GROVE POLICE
PENSION FUND
Police Pension Board Minutes
Regular Meeting - October 17, 2006
I. Call to Order- 6:30PM
I. Attendance
Kristiansen—present Feld— absent Tenerelli - absent
Eisenmenger—present Voigt—present Anderson—present
I. Minutes
July 2006 minutes
Motion to accept the minutes by Trustee Voigt
Seconded by Trustee Kristiansen Vote: 3 ayes
0 nayes
I. General Business
Invoice paid to Mesirow $2,522.77 for fees and services
Invoice paid to Stratford Investments $17,020.26 for fees and services
Invoice paid to Illinois Public Pension Fund Association $750.00 for annual membership
dues
Invoice paid to Illinois Public Pension Fund Association $350.00 for conference
attendance fee
Stratford Investment Advisory Group
Forecast—Economy remains strong albeit slowing
Recommendation— Purchase t-strips with 7, 10, 15 year maturity intervals
• Motion to accept recommendation: Trustee Kristiansen
• Seconded by: Trustee Voigt Vote: 3 ayes
0 nays
Mesirow Financial
Summary: Federal Home Loan Mortgage Corp.
Forecast—Economy is strong; will continue through end of calendar year
Recommendation -
Hold equities in portfolio
• Motion to accept recommendation: Trustee Kristiansen
• Seconded by: Trustee Voigt
Do not reinvest funds until Sudan issue is resolved
• Motion to accept the recommendation: Trustee Voigt
• Seconded by: Trustee Eisenmenger Vote: 5 ayes
0 nayes
Next regular meeting scheduled for January 9, 2007
I. New Business
Dr. Trotter recertified Ofc. Stopper as being disabled
Ofc. Heiderschiedt retired (deferred pensioner- 2015)
Trustee Kristiansen and Trustee Eisenmenger attended IPPFA conference in Collinsville,
IL.
Mr. Anderson stated that Tim Sharpe—Village Actuary will make presentation in
January 2007
Steve Kula—Vice President with UBS Global Asset Management
• Introduced himself to the board and provided contact information
I. Old Business
None
I. Adjournment — 8:30PM