2006-07-11 - Police Pension Board - Minutes Board or Commission: ❑ Police Pension Board
Document Type: ❑A e
g nda 0 Minutes
Meeting ate: 07/11/2006
Type of Meeting: ❑ Regular Meeting
BUFFALO GROVE POLICE
PENSION FUND
Police Pension Board Minutes
Regular Meeting - July 11, 2006
I. Call to Order- 6:30PM
I. Attendance
Kristiansen—present Feld—present Greenberg—present Tenerelli -
absent
Eisenmenger—present Voigt—present Anderson—present
I. Minutes
April 2006 regular meeting minutes read before the board
Motion to accept the minutes by Trustee Greenberg
Seconded by Trustee Voigt Vote: 5 ayes 0 nayes
I. General Business
Invoice paid to Illinois Department of Insurance (compliance fee) $5527.99
Stratford Investment Advisory Group
Comparison between BG Pension Fund vs. Downstate/Chicago/Suburban
Pensions Funds
Forecast—Economy continues to weaken, bullish on bonds
Recommendation— Purchase T-strips and stock funds if value is seen
• Motion to accept recommendation: Trustee Greenberg
• Seconded by: Trustee Kristiansen Vote: 5 ayes
0 nays
Mesirow Financial
B1ackRock Health performed poorly this quarter, portfolio has beaten S&P 500 in
past years
Forecast—Economy is weakening, increased volatility
Recommendation -
Adopt policy to place money into equities on regular basis until goal is
reached
• Motion to accept recommendation: Trustee Greenberg
• Seconded by: Trustee Eisenmenger
Move $250,000.00 each quarter into equities
• Motion to accept the recommendation: Trustee Voigt
• Seconded by: Trustee Greenberg Vote: 5 ayes
0 nayes
Next regular meeting scheduled for October 10, 2006
I. New Business
Trustee Greenberg reported that this would be last meeting, the board thanked him for his
tenure
Trustee Eisenmenger and Trustee Voigt attended a IPPFA seminar in June 2006 —
Bensenville, IL.
Scott Andersen reported that the village has hired a new actuarial — Tim Sharpe
Trustees Kristiansen and Eisenmenger were present for a presentation by Oak Brook
Bank-Falduto
Ofc. Robert Broussard, Ofc. Daniel Dineler, Anthony Turano tendered applications to the
fund
Motion to accept all officers into fund: Trustee Kristiansen
Seconded by: Trustee Feld Vote: 5 ayes 0 nayes
I. Old Business
None
I. Adjournment — 7:30PM