Firefighters' Pension Board

MINUTES OF A REGULAR MEETING OF THE EDWARDSVILLE FIREFIGHTERS’ PENSION FUND BOARD OF TRUSTEES January 26, 2021 Call to Order: Meeting called to order at 0910 by President James Anderson Roll Call Board Member Jeanne Wojcieszak (here), Secretary Cole Schrage (here), President James Anderson (here), Treasurer Rich Hampton (Here, 0934) Board recognizes Craig Larson from Mission Wealth, Andy Reiger, Rodney Hall Public Comment No public comment Approve Minutes: Motion made by President Anderson to approve the meeting minutes as presented of 10/27/2020. Second by Board Member Wojcieszak. Vote Aye 3-0 Secretary’s Report: All bills and invoices have been paid in full in agreement with our contracts. Motion made by Cole Schrage to approve half of the cost for Jeanne Wojcieszak to receives her initial training to be reimbursed to EPD Pension Fund. Second Anderson. President Anderson. Aye. Secretary Schrage. Aye. Board Member Wojcieszak. Aye. Vote passes in favor of the aye 3-0 Motion made by Cole Schrage to approve up to $1,050 for the initial training cost for Greg Sig. Second by President Anderson. Roll Call vote. President Anderson. Aye. Secretary Schrage. Aye. Board Member Wojcieszak. Aye. Vote passes in favor of the aye 3- 0 Motion to approve Secretary’s report by President Anderson. Second by Board Member Wojcieszak, Vote aye 3-0 Treasurer’s Report: Tax Levy adopted by City Council in December meeting in the amount of 1,250,000 compared to the Statutory minimum 1,109,000. Actuarial recommendation of 1,396,000. Unfinished Business:  Motion made by Treasurer Hampton to not proceed with Request For Proposal (RFPs) do to the pending consolidation within the state. Second by President Anderson. Call for vote. 3-0 in favor of aye. New Business: L&A end of the year report was received by the Pension Board. No action needed. L&A Municipal Compliance Report was received by the Pension Board. No action needed. Payment of expenditures for year will be paid within the previously approved contractual agreements. L&A COLA Calculation was received by the Pension Board. Motion made by Treasurer Hampton to approve the COLA calculations as presented by L&A. Second by Secretary Schrage. Roll Call vote. President Anderson. Aye. Secretary Schrage. Aye. Treasurer Hampton. Aye. Board Member Wojcieszak. Aye. Vote passes in favor of the aye 4-0. Secretary Cole Schrage position up for election as of the 3rd Monday of April. Board Member Signorotti we be conducting the election within the Covid 19 protocol. Update from Consolidation. Our representative will be Steve Zahn and he will have direct contact with President Anderson with a tentative date of this fall to start the process. Currently there are no rules or procedures available. Investment fund action present by Craig Larson of AHC, advised the board to rebalance the investment portfolio in order to mirror the boards investment policy. Motion made by Treasurer Hampton to rebalance to our targeted investment policy of moving $300,000 from cash to fixed incomes and $450,000 from equities to fixed incomes. Second by Board Member Wojcieszak. Roll Call vote. President Anderson. Aye. Secretary Schrage. Aye. Treasurer Hampton. Aye. Board Member Wojcieszak. Aye. Vote passes in favor of the aye 4-0. Good of the Order: The Board recognizes the retirement of Captain James Brooks following 27 years of service to the City Of Edwardsville and the Edwardsville Fire Department. The Board would like to recognize recent promotions of Rodney Hall to Captain and Edward Burnley to Lieutenant. Adjourn Meeting: Motion to Adjourn made by Treasurer Hampton. Second by Secretary Schrage. Roll Call vote. President Anderson. Aye. Secretary Schrage. Aye. Treasurer Hampton. Aye. Board Member Wojcieszak. Aye. Vote passes in favor of the aye 4-0.