2005-10-25 - Police Pension Board - Minutes Board or Commission: ❑ Police Pension Board
Document Type: ❑Agenda 0 Minutes
Meeting Date: 10/25/2005
Type of Meeting: ❑ Regular Meeting
BUFFALO GROVE POLICE
PENSION FUND
Police Pension Board Minutes
Regular Meeting
October 25, 2005
I. Call to Order—6:30PM
I. Attendance
Kristiansen—present Feld—present Tenerelli - absent
Eisenmenger—present Voigt—present Anderson—present
Greenberg—present
I. Minutes
July 12, 2005 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 Reimer & Associates $2812.71 & $898.03 (Ofc. Senese)
Invoice paid to Mesirow Financial $2231.66
Invoice paid to Dr. Malik $800.00 (Ofc. Senese)
Invoice paid to Heinemann & Associates $260.00 (Ofc. Senese)
Invoice paid to Trustee Kristiansen $515.30 (IPPFA Conference)
Stratford Investment Advisory Group
Forecast—Economy strong; may be on the verge of a downtrend for remainder of
the year
Recommendation—move funds into bonds
• No motion
• No seconded Vote: 0 ayes 0 nays
Mesirow Financial
Forecast—economy remains strong but signs of weakening
Recommendation—purchase BlackRock Health mutual fund
• Motion to accept the recommendation Trustee Greenberg
• Seconded by Voigt Vote: 5 ayes 0 nayes
Next regular meeting scheduled for January 10, 2006
I. New Business
IMRF (new law) allowing transfer of funds, may have further discussion at next meeting
Ofc. Shipman tendered application to the fund
Motion to accept Shipman into fund Trustee Eisenmenger
Seconded by Trustee Voigt Vote: 5 ayes 0 nayes
I. Old Business
Ofc. Senese will begin receiving disability benefits effective November 1, 2005
I. Adjournment — 7:30PM