2003-01-14 - Police Pension Board - Minutes Board or Commission: ❑ Police Pension Board
Document Type: ❑Agenda 0 Minutes
Meeting Date: 01/14/2003
Type of Meeting: ❑ Regular Meeting
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BUFFALO GROVE POLICE
PENSION FUND
Police Pension Board Minutes
Regular Meeting
January 14, 2003
L Call to Order—6:30PM
IL Attendance
Kristiansen—present Anderson - present
Eisenmenger—present Tenerelli - present
Greenberg—present Voigt—present
Feld - present
III. Approval of minutes from October 29, 2002
IV. General Business
■ Deputy Chief Peter Lippert retired effective Jan 5, 2003 with 30 years of credible service.
His ending base salary was $100, 208.96 which qualifies him for a yearly pension benefit of
$75,156.72 (75% of base salary)
- Motion to approve by Ofc. Eisenmenger, seconded by Mr. Feld
■ Mr. Greenberg provided a phone number & e-mail address of a service to check on
current status of pensioners (www.berw nngroup.com /215-497-5020)
■ Bill paid to Mesirow Financial in the amount of$1651.49 for fee's & services.
■ Bill paid to Reimer & Associates in the amount of$699.71 for legal representation in
line-of-duty disability claim (Ofc. Stopper)
■ Bill paid to Ofc. Eisenmenger in the amount of$85.42 for expenses incurred during
IPPFA Conference in October 2002
■ Bill paid to Sgt. Kristiansen in the amount of$397.34 for expenses incurred during IPPFA
Conference in October 2002
■ Sgt. Kristiansen, Ofc. Eisenmenger, and Mr. Voigt are registered for IPPFA Conference in
August 2003
0 Mesirow Financial—Recommendation to stay the course
■ Stratford Investment Advisory Group —Recommendation still on table to purchase
$2,500,000 in U.S. Treasury Strips 0% due on 08/15/08 @ 4.00% YTM or better
V. Old Business
■ None
VI. Adjournment—8:37PM