Police Pension Board

SPECIAL MEETING DEKALB POLICE PENSION FUND Board of Trustees AGENDA May 21, 2020 10:00AM Via Zoom invitation 1. Call to Order. CLOSED SESSIONS MUST BE TAPED! Post agenda 48 hours prior! 2. Roll Call. 3. Approval of Minutes of January 17, 2020 and March 4, 2020. 4. Public Comment. Direct any public comments to Paul.Mott@cityofdekalb.com. 5. Treasurer’s Report. 6. Old business. 7. Bills for Payment. a) Consulting fee Wall and Associates 04/03/20 $14,294.91 for 1st quarter 2020. b) First National Bank #5010521 04/10/20 $864 for 1st quarter 2020. c) Lauterbach and Amen #42415 01/20/20 $815 for December, 2019 (30364 2/3/20); #42902 2/20/20 $840 for January, 2020 (30367 2/27/20); #43408 2/13/20 $530 for 2019 payroll tax returns; #43814 3/20/20 $840 for February, 2020 (30375 3/30/20 for both); #44491 4/20/20 $840 for March, 2020 (4/27/20 30378); #44499 4/12/20 $740 for year-end auditor’s workpapers; #45392 5/20/20 $840 for April, 2020. d) Reimer & Dobrovolny PC #25806 02/20/20 $2,792.18 for Nachman, Diedrich, Guzinski disabilities (30368 2/26/20); #25891 03/10/20 $2,491.35 for Nachman, Diedrich, Guzinski disabilities (30374 3/18/20); #26019 4/3/20 $2635.11 for Nachman, Diedrich, Guzinski disabilities. e) Fiduciary insurance renewal $9,076.00 (30369 2/28/20). f) INSPE Associates #65403 2/25/20 $7,365 Nachman disability consult; #65402 2/25/20 $5,370 Nachman disability consult (30370 3/10/10 for both); #65570 3/9/20 $1,140 for Nachman disability consult; #66415 5/12/20 $660 Diedrich annual exam. g) Reimbursement of Joyce Stupegia tuition of $250 for IPPFA on-line 8 hour continuing education (30371 3/11/20). 8. Applications for Membership a) Amber Donaly b) Diego Casas  9. Requests for Benefits a) Approve, adopt, and publish Decision and Order in Mark Nachman disability. b) Officer Reda Reese DOR: 5/5/20. c) Surviving spouse Joanne Sell. 10. New Business a) Dissolution of the Coalition for Qualified Plan Status and refund of $226.31 balance. b) Note passing of beneficiary Larry Shenberger 1/11/20. c) Pat Fagan appointed to Board March 9, 2020. d) Pension Board election week of April 13, 2020. e) Note passing of beneficiary Craig Sell 4/23/20. f) Approve Chapter 3 transfer of Maxwell Paul creditable service with Springfield PD and formally accept payment, recognize the transfer as paid in full, and acknowledge the revised date of hire. Adjournment. Next meeting July 24, 2020. 2020 meeting dates: January 17, April 17 (cancelled), May 21 (Zoom), July 24 (note this is 4th Friday of the month), and October 16. MINUTES CITY OF DEKALB DeKalb Police Pension Fund January 17th, 2020 @ 10:00 am The DeKalb Police Pension Fund held a meeting on January 17th, 2020, 10:00 am at the DeKalb Police Department, 700 W. Lincoln Highway, DeKalb, IL President Jim Kayes called the meeting to order at 10:00 a.m. A. ROLL CALL Vice President Paul Mott called the roll and the following members of the DeKalb Police Pension Fund were present: Jim Kayes, Paul Mott, Joyce Stupegia and Joshua Boldt. Also present: Stephen McLeod with Wall & Associates, and Assistant City Manager Ray Munch. B. APPROVAL OF THE AGENDA – ADDITIONS / DELETIONS • Agenda approved on voice vote by Secretary Mott. 4 ayes. C. PUBLIC PARTICIPATION D. APPROVAL OF MINUTES • Minutes from the DeKalb Police Pension Fund Meeting on October 18 th, 2019 were approved by voice vote. 4 ayes. (Jim Kayes, Paul Mott, Joyce Stupegia, Joshua Boldt) E. OLD BUSINESS • None F. INVESTMENT MANAGER REPORT • Stephen McLeod provided the quarterly report on fund performance for the fourth quarter of 2019. G. NEW BUSINESS • BILLS FOR PAYMENT o Motion by Joyce Stupegia to pay bills listed on the agenda of January 17th, 2020. Second by Paul Mott. Roll call vote by Secretary Mott. Yes, votes from Joshua Boldt, Paul Mott, Joyce Stupegia and Jim Kayes. President Kayes declared the motion passed. • NEW INVESTMENT POLICY o It was determined this would be tabled for the year pending state consolidation of the fund. • APPROVAL 2020 COLAS o Motion to approve by Josh Boldt, second by Joyce Stupegia. Roll call vote by Secretary Mott. Yes votes from Joshua Boldt, Joyce Stupegia, Paul Mott and Jim Kayes. President Kayes declared the motion passed. • APPLICATIONS FOR MEMBERSHIP o Application for pension membership of the following: ▪ Jorge Abonce DOH: 12/26/2019 o Motion to approve by Joyce Stupegia, second by Paul Mott. Roll call vote by Secretary Mott. Yes votes from Joshua Boldt, Joyce Stupegia, Paul Mott and Jim Kayes. President Kayes declared the motion passed. • SERVICE PURCHASE & TRANSFERS  o None H. REQUEST FOR BENEFITS o None I. ADJOURNMENT • Motion by Joshua Boldt to adjourn. Second by Joyce Stupegia. 4 ayes. President Kayes declared the meeting adjourned at 10:40 a.m. __________________________________________ Paul Mott Secretary __________________________________________ Jim Kayes President *******Minutes approved by DeKalb Police Pension Fund on April 17th, 2020.*******  MINUTES CITY OF DEKALB DeKalb Police Pension Fund March 4th, 2020 @ 1:00 p.m. The DeKalb Police Pension Fund held a meeting on March 4th, 2020, 1:00 p.m. at the DeKalb Police Department, 700 W. Lincoln Highway, DeKalb, IL President Jim Kayes called the meeting to order at 1:05 p.m. A. ROLL CALL Vice President Paul Mott called the roll and the following members of the DeKalb Police Pension Fund were present: Jim Kayes, Paul Mott, Joyce Stupegia and Joshua Boldt. Also present: Assistant City Manager Ray Munch, Board Attorney Rick Reimer, Mark Nachman and Brianna Nachman. B. NEW BUSINESS • NON-DUTY DISABILITY HEARING FOR MARK NACHMAN o Motion by Paul Mott to appoint Rick Reimer the hearing officer. Second by Joshua Boldt. Roll call vote by Secretary Mott. Yes, votes from Joshua Boldt, Paul Mott, Joyce Stupegia and Jim Kayes. President Kayes declared the motion passed.  • HEARING STATEMENTS o See attached transcripts. • APPROVAL OF NON-DUTY DISABILITY o Motion by Josh Boldt to approve the non-duty disability pension for Mark Nachman. Second by Paul Mott. Roll call vote by Secretary Mott. Yes, votes from Joshua Boldt, Paul Mott, Joyce Stupegia and Jim Kayes. President Kayes declared the motion passed. o Motion by Paul Mott to make record of the court report and transcripts of the hearing. Second by Joyce Stupegia. Voice vote, 4 ayes. President Kayes declared the motion passed. C. ADJOURNMENT • ADJOURNMENT OF MEETING • Motion by Joyce Stupegia. Second by Jim Kayes. 4 ayes. President Kayes declared the meeting adjourned at 1:24 p.m. __________________________________________ Paul Mott Secretary __________________________________________ Jim Kayes President *******Minutes approved by DeKalb Police Pension Fund on April 17th, 2020.*******