Firemen’s Pension Fund Board of Trustees

September 27, 2021 Peoria, Illinois AGENDA REGULAR MEETING OF THE BOARD OF TRUSTEES OF THE FIREMEN’S PENSION FUND OF PEORIA, ILLINOIS A Regular Meeting of the Board of Trustees of the Firemen’s Pension Fund of Peoria, Illinois, will be held this date at City Hall, Room 404, Peoria, Illinois, at 9:30 A.M. with proper notice having been given, for the purpose of conducting regular Firemen’s Pension Fund business. ROLL CALL Roll Call of the following members: Higgins, Smith, Tarr, Tomblin, President Troglio – 5. INVOCATION A moment of silence will be held in remembrance of those Firefighters who have served our community. MINUTES Recommendation to Approve the Minutes of the Regular Meeting held on August 23, 2021, as printed. REGULAR BUSINESS ITEM NO. 1 MONTHLY PORTFOLIO PERFORMANCE REVIEW by TOM McSHANE GRAYSTONE CONSULTING (A business of Morgan/Stanley Smith-Barney), and Discussion Regarding Recommendations, Possible Action Regarding the Firemen’s Pension Fund Portfolio Performance, and Discussion and Review of the Asset Allocations, with Request to Receive and File Reports or Take Other Action. ITEM NO. 2 Report from Fire Marshal James Bachman of Pension Fund Contributions, which were made by payroll deductions during the MONTH of AUGUST 2021, from the active members of the Peoria Fire Department and which checks were turned in to the City Treasurer’s Office by Director of Finance/Comptroller, with Recommendation to Concur and Receive and File. Payroll Period When Deducted Amount July 21, 2021 – August 5, 2021 August 15, 2021 $ 64,274.54 August 6, 2021 – August 31, 2021 August 31, 2021 $ 63,943.20 TOTAL $128,217.74  PAGE 2 ITEM NO. 3 Request to APPROVE the following BILLS: Pensions for September 2021 (dated September 30, 2021) .......................$1,454,395.20 Reimer, Dobrovolny & LaBardi – Legal Services ........................................ 3,671.76 INSPE Associates, LLC – Edwards Disability – Dr. Cohen ......................... 2,000.00 rd Trina D. Bonds – 3 Quarter Admin Svcs (July – Sept.) ............................. 1,350.00 *IPPFA MidAmerican Pension Conf Online Reg. - Higgins ........................ *435.00 Leonard A. Unes Printing Co. – Cert. of Membership Forms. ..................... 45.00 SUB-TOTAL FOR SEPTEMBER……………………………………………… $1,461,896.96 GRAND TOTAL FOR JULY………….…….…………………………………..$1,461,896.96 *No check should be processed for this amount. A check was previously requested and issued. ITEM NO. 4 Review of APPLICATION FOR MEMBERSHIP to the Firemen’s Pension Fund for CALEB T. HAM, with Recommendation to Approve. (Under Tier II Benefits) ITEM NO. 5 Review of APPLICATION FOR MEMBERSHIP to the Firemen’s Pension Fund for DEREK M. HEERMAN, with Recommendation to Approve. (Under Tier II Benefits) ITEM NO. 6 Review of APPLICATION FOR MEMBERSHIP to the Firemen’s Pension Fund for CARLOS O. VALENCIA, with Recommendation to Approve. (Under Tier II Benefits) ITEM NO. 7 Review of APPLICATION FOR MEMBERSHIP to the Firemen’s Pension Fund for DREW R. OLEHY, with Recommendation to Approve. (Under Tier II Benefits) ITEM NO. 8 Review of APPLICATION FOR MEMBERSHIP to the Firemen’s Pension Fund for BRYCE A. COLVIN, with Recommendation to Approve. (Under Tier II Benefits) ITEM NO. 9 Review of APPLICATION FOR MEMBERSHIP to the Firemen’s Pension Fund for TYVON M. DAVIS, with Recommendation to Approve. (Under Tier II Benefits) ITEM NO. 10 Review of APPLICATION FOR MEMBERSHIP to the Firemen’s Pension Fund for WILLIAM E. BOUDREAU, with Recommendation to Approve. (Under Tier II Benefits) ITEM NO. 11 Review of APPLICATION FOR MEMBERSHIP to the Firemen’s Pension Fund for DUSTIN J. HASCALL, with Recommendation to Approve. (Under Tier II Benefits) ITEM NO. 12 Review of APPLICATION FOR MEMBERSHIP to the Firemen’s Pension Fund for TYLER W. STOECKER, with Recommendation to Approve. (Under Tier II Benefits) ITEM NO. 13 Review of APPLICATION FOR MEMBERSHIP to the Firemen’s Pension Fund for RANDLE J. TABORN, with Recommendation to Approve. (Under Tier II Benefits)  PAGE 3 ITEM NO. 14 Review of APPLICATION FOR MEMBERSHIP to the Firemen’s Pension Fund for MARCUS A. SIMMONS, with Recommendation to Approve. (Under Tier II Benefits) ITEM NO. 15 Review of APPLICATION FOR MEMBERSHIP to the Firemen’s Pension Fund for JOSHUA M. CARTER, with Recommendation to Approve. (Under Tier II Benefits) ITEM NO. 16 Review of APPLICATION FOR MEMBERSHIP to the Firemen’s Pension Fund for TOBIAS G. RODERICK, with Recommendation to Approve. (Under Tier II Benefits) ITEM NO. 17 Review of APPLICATION FOR MEMBERSHIP to the Firemen’s Pension Fund for THOMAS A. SVYMBERSKY, with Recommendation to Approve. (Under Tier II Benefits) ITEM NO. 18 Review of APPLICATION FOR MEMBERSHIP to the Firemen’s Pension Fund for JUSTYN D. L. PARKER, with Recommendation to Approve. (Under Tier II Benefits) ITEM NO. 19 Review of APPLICATION FOR MEMBERSHIP to the Firemen’s Pension Fund for SHAY M. MORGAN, with Recommendation to Approve. (Under Tier II Benefits) ITEM NO. 20 REQUEST to APPROVE the REMOVAL from the PENSION ROLLS of SUSAN FISHER HAGEL Due to Her Death on SEPTEMBER 13, 2021, and to Make Payments to the Susan Fisher Hagel Estate, in the Amount of $1,766.44, for 13 Days of September 2021. Recommendation: To RECEIVE and FILE the Death Certificate UPON RECEIPT and to APPROVE the Payment of $1,766.44 for 13 days of September. ITEM NO. 21 REQUEST to APPROVE the ELECTION TO CONVERT A DISABILITY PENSION BENEFIT to a RETIREMENT PENSION BENEFIT for JOHN L. PFEIFER to become Effective June 9, 2021, (Last Day Duty Disability Paid June 8, 2021) Based on 68.75% of His Applicable Salary of $101,217.73 (including longevity). REGULAR RETIREMENT PENSION to be paid for the Remaining 21 Days of June, in the Amount of $5,904.36 and $8,434.81 for every month thereafter. ITEM NO. 22 APPLICATION for REGULAR RETIREMENT PENSION for DIVISION CHIEF MICHAEL E. MORGAN to become effective August 21, 2021, (last day paid by the City August 20, 2021) based on 75.0% of his Annual Salary of $146,237.76. Pension to be paid for the remaining 10 days of August, in the Amount of $3,004.89 and $9,139.86 for every month thereafter with recommendation for the Board to APPROVE. ITEM NO. 23 APPLICATION for REGULAR RETIREMENT PENSION for FIRE CAPTAIN REASE WATSON to become effective September 21, 2021, (last day paid by the City September 20, 2021) based on 63.3% of his Annual Salary of $117,650.43 (which includes longevity). Pension to be paid for the remaining 9 days of September, in the Amount of $1,836.27 and $6,206.06 for every month thereafter with recommendation for the Board to APPROVE.  PAGE 4 ITEM NO. 24 MONTHLY FINANCIAL REPORT from LAUTERBACH & AMEN, LLP for the Month of AUGUST 2021, which Includes the STATEMENT OF PLAN NET ASSETS, STATEMENT OF CHANGES IN PLAN NET ASSETS, SUMMARY of CASH AND INVESTMENTS, BALANCE SHEET, REVENUES and REVENUE REPORT, EXPENSES and EXPENSE REPORT, PAYROLL JOURNAL, and VENDOR CHECKS REPORT, with Recommendation to APPROVE. ITEM NO. 25 REQUEST for APPROVAL of a RESOLUTION Authorizing City Treasurer Stephen Morris the POWER TO INVEST, and Authorize City Treasurer Morris to Maintain a Minimum of $10,000.00 in the HARRIS BANK ACCOUNT. UNFINISHED BUSINESS ITEM NO. 26 CONTINUED DISCUSSION Regarding a Letters from the FIREFIGHTERS’ PENSION INVESTMENT FUND (FPIF) Regarding Authorization for Current Service Providers to Provide Requested Data Directly to FPIF and its Professionals, Update on Preparation for Transfer of Assets, and Notice of Assumption of Fiduciary Control of Pension Assets by the Firefighters’ Pension Investment Fund on January 4, 2022, with Request to RECEIVE and FILE or to Take Appropriate Action. NEW BUSINESS CITIZENS’ OPPORTUNITY TO ADDRESS THE BOARD OF TRUSTEES EXECUTIVE SESSION ADJOURNMENT