Police Pension Board

DEKALB POLICE PENSION FUND Board of Trustees AGENDA April 16, 2021 10:00AM DeKalb Police Conference Room 700 W. Lincoln Hwy, DeKalb, IL 60115 1. Call to Order. CLOSED SESSIONS MUST BE TAPED! Post agenda 48 hours prior! 2. Roll Call. 3. Approval of Minutes of January 15, 2021. 4. Public Comment. 5. Treasurer’s Report. 6. Old business. 7. Bills for Payment. a) Consulting fee Wall and Associates 03/31//21 $16,326.57 for 1st quarter 2021. b) Lauterbach and Amen #51846 01/20/21 $840 for December, 2020 (30428 1/25/21); #52401 2/20/21 $865 for January, 2021 (30432 2/25/21); #53375 3/20/21 $865 for February, 2021; #52999 2/16/21 $545 for payroll tax returns for 2020. c) Reimer & Dobrovolny PC #26894 2/15/21 $849.25 for Guzinski disability (30433 2/25/21). d) First National Bank #5011500 04/09/21 $894.00 for 1st quarter, 2021. e) City of DeKalb #21-0002630 03/19/21 $4,775.00 FY19 audit fee. f) INSPE Associates LLC #69065 01/11/21 $6,900 for Guzinski exam (30429 1/21/21); #70086 4/1/21 $798 for Nachman annual exam; #70201 4/12/21 $660 for Diedrich annual exam.. g) Mesirow Insurance #1600882 3/23/21 $9,310.00 for fiduciary insurance. h) Konicek & Dillon, P.C. #15417 01/31/21 $1,203.05 for pension fund consolidation lawsuit (30434 2/23/21); #15502 3/16/21 $ 134.48 for same. 8. Applications for Membership a) Justin Donahue b) Daniel Dilorenzo DOH: 03/17/21. c) Uriel Ortega DOH: 01/04/21. d) Michael Rinella DOH: 01/04/21. e) Betsy Cooper DOH: 01/04/21. 9. Requests for Benefits 10. New Business a) Active officer Board election. b) Note annual disability exam for Nachman. Adjournment. Next meeting July 16, 2021. 2021 meeting dates: January 15, April 16, July 16, and October 15.  Minutes DeKalb Police Pension Board January 15th, 2021 at 10:00 a.m. A. Roll Call a. Secretary Paul Mott called the roll at 10:13 a.m. and the following members of the DeKalb Police Pension Fund were present: Jim Kayes, Paul Mott, and Patrick Fagan. b. Also present: Dave Wall via phone. B. Approval of Agenda – Additional / Deletions a. Agenda approved on voice vote by President Kayes. 3 ayes. C. Public Participation a. None D. Approval of Minutes a. Minutes from the DeKalb Police Pension Fund Meeting on October 16th, 2020 were approved by voice vote. 3 ayes (Jim Kayes, Paul Mott, and Patrick Fagan). E. Investment Manager Report a. Dave Wall with Wall and Associates provided the quarterly report on fund performance for the fourth quarter of 2020. Overall in 2020 we had a 13.65% return. F. Old Business a. None G. Bills for Payment a. Motion by Patrick Fagan to pay the bills listed on the agenda. Second by Paul Mott. Roll call vote by Secretary Mott. Yes votes from, Paul Mott, Patrick Fagan and Jim Kayes. President Kayes declared the motion passed. H. Applications for Membership  a. Application for pension membership of the following: i. Applications tabled until next meeting. I. Requests for Benefits a. Application for benefits received by the following: i. Aaron Lockhart DOR: 01/02/21 a. Motion to approve by Patrick Fagan. Second by Paul Mott. Roll call vote by Secretary Mott. Yes votes from, Paul Mott, Patrick Fagan and Jim Kayes. President Kayes declared the motion passed. ii. Mario Nonnenmann resigned 09/16/19 DOR: 06/11/21 a. Motion to approve by Patrick Fagan. Second by Paul Mott. Roll call vote by Secretary Mott. Yes votes from, Paul Mott, Patrick Fagan and Jim Kayes. President Kayes declared the motion passed. J. New Business a. Accept payment of $83,701 from Skokie Police Pension Fund. Recognize that Officer Ferrigan’s service transfer is paid in full. Acknowledge revised date of hire for Officer Ferrigan. Officer Ferrigan’s transfer of creditable service of two years and 22 days from Skokie PD, changes his DOH from 02/03/97 to 01/12/95. i. Motion to approve by Patrick Fagan. Second by Paul Mott. Roll call vote by Secretary Mott. Yes votes from, Paul Mott, Patrick Fagan and Jim Kayes. President Kayes declared the motion passed. b. Resignations/Deaths i. Laura Sarich-Surviving Spouse Passed: 10/28/20 ii. Jeffrey Weese LDW: 02-28-21 iii. Daniel Ludwig LDW: 12-06-20 iv. Sebastian Lemus LDW: 12-01-20 v. Phillip Nicholson LDW: 12/21/20 c. Approval of 2021 COLAs i. Motion to approve by Patrick Fagan. Second by Paul Mott. Roll call vote by Secretary Mott. Yes votes from, Paul Mott, Patrick Fagan and Jim Kayes. President Kayes declared the motion passed. K. Adjournment a. Motion by Patrick Fagan, second by Paul Mott at 10:37 a.m. Approved by voice vote with 3 Ayes (Jim Kayes, Paul Mott, and Patrick Fagan). ____________________________________ Paul Mott Secretary ____________________________________ Jim Kayes President *****Minutes approved by DeKalb Police Pension Fund on April 16th, 2021*****