Firemen’s Pension Fund Board of Trustees

December 13, 2021 Peoria, Illinois AGENDA RESCHEDULED 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 November 15, 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 NOVEMBER 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 October 17, 2021 - November 5, 2021 November 15, 2021 $62,720.22 November 6, 2021 - November 20, 2021 November 30, 2021 $62,932.40 TOTAL $125,652.62  PAGE2 ITEM NO. 3 Request to APPROVE the following BILLS: Pensions for December 2021 (dated December 31, 2021) ......................... $1,555,988.64 (Estimate Only .... Have not received the information prior to agenda posted) Foster & Foster - 1/1 /21 Acturarial Valuation Report Prep......................... 9, 135.00 Lauterbach & Amen, LLP - Prof Svcs June 2021....................................... 3,445.00 Foster & Foster - 12/31/20 GASB 67/68 Discl. Report............................... 3,000.00 Reimer, Dobrovolny & LaBardi - Legal Services........................................ 1,941.65 Trina D. Bonds - 4th Quarter Admin Svcs (Oct- Dec)................................ 1,350.00 FedEx- D. Stauthammer & IPPFA- re: Higgins................................... 52.78 SUB-TOTAL FOR DECEMBER...................................................... $1,574,913.07 Aristotle Quarterly Management Fee.......................................................... *41,476.90 GRAND TOTAL FOR DECEMBER . .. .. . .... . . . .. . .. . . . . . . . . . ... . . . . . .. .. . . . . . . . ... $1,616,389.97 *No check should be processed for this amount. This amount was automatically deducted from Cash Mgmt Acct. ITEM NO. 4 APPLICATION for REGULAR RETIREMENT PENSION for FIRE CHIEF MICHAEL WITTENMEIR to become effective November 19, 2021, (last day paid by the City November 18, 2021) based on 68.75% of his Annual Salary of $110,954.88. Pension to be paid for the remaining 12 days of November, in the Amount of $2,542.72 and $6,356.79 for every month thereafter with recommendation for the Board to APPROVE. ITEM NO. 5 REQUEST to APPROVE the REMOVAL from the PENSION ROLLS of BILLY DEAN RANDLE Due to His Death on NOVEMBER 21, 2021, and to Make Payments to the Billy Dean Randle Estate in the Amount of $4,429.95 for 21 Days of November 2021. Recommendation: To RECEIVE and FILE the Death Certificate and to APPROVE the Payment of $4,429.95 for 21 days of November. ITEM NO. 6 REQUEST to ACCEPT the APPLICATION for a WIDOWS PENSION BENEFIT for SANDRA M. RANDLE, She being the Widow of BILLY DEAN RANDLE, with Benefits Commencing November 22, 2021, with her Benefit Based on 100% of his monthly benefit of $6,328.36 per month; therefore Benefits for 9 days of November to be Paid, in the amount of $1,898.55 and $6,328.36 for each month thereafter. Recommendation: APPROVE the Payment $1,898.55 for 9 Days of November and $6,328.36 for each month thereafter. ITEM NO. 7 MONTHLY FINANCIAL REPORT from LAUTERBACH & AMEN, LLP for the Month of NOVEMBER 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. 8 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.  PAGE3 ITEM NO. 9 Regular DISCUSSION Regarding ROLLING AMORTIZATION with request to RECEIVE and FILE or to Take Appropriate Action. UNFINISHED BUSINESS ITEM NO. 10 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