Firemen’s Pension Fund Board of Trustees

JULY 31, 2023 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, Phillips, Pinkston, Tarr, President Smith – 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 Board Meeting held on June 26, 2023, as printed. REGULAR BUSINESS ITEM NO. 1 MONTHLY PORTFOLIO PERFORMANCE REVIEW from MARQUETTE ASSOCIATES (FPIF) dated July 2023; and the MONTHLY STATEMENT of RESULTS from NORTHERN TRUST dated June 2023, with Request to Receive and File. ITEM NO. 2 Report from Fire Marshal Shawn Sollberger of Pension Fund Contributions, which were made by payroll deductions during the MONTH of JUNE & JULY, 2023, 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 May 21, 2023 – June 5, 2023 June 15, 2023 $ 68,750.70 May 6, 2023 – May 20, 2023 May 31, 2023 $ 68,992.23 TOTAL $137,742.93 Payroll Period When Deducted Amount June 21, 2023 – July 5, 2023 July 15, 2023 $ 68,770.22 July 6, 2023 – July 20, 2023 July 31, 2023 $ 68,999.76 TOTAL $137,679.98 ITEM NO. 3 Request to APPROVE the following BILLS: Pensions for July 2023 (dated July 31, 2023) .............................................$1,577,222.95 Lauterbach & Amen PC – Prof Svcs – IDOI Report Prep………………… ... 4,755.00 Lauterbach & Amen PC – Prof Svcs – May ‘23 …………………… ............. 3,620.00 Reimer, Dobrovolny & Labardi – Legal Svcs .............................................. 1,056.55 Reimer, Dobrovolny & Labardi – Legal Svcs .............................................. 133.95  PAGE 2 SUB-TOTAL FOR JULY………………………………………………… ..........$1,586,654.50 APPROVE GRAND TOTAL FOR JULY….…..………………………………………. $1,586,654.50 ITEM NO. 4 REQUEST to APPROVE the REMOVAL from the PENSION ROLLS of ANN E. LEVINE Due to Her Death on JULY 5, 2023, and to Make Payments to the Ann E. Levine Estate, in the Amount of $471.80, for 5 days of July 2023. Recommendation: To RECEIVE and FILE the Death Certificate, and to APPROVE the Payment of $471.80 for 5 days of July. ITEM NO. 5 MOTION to ADOPT and PUBLISH the DECISION and ORDER for FIRE ENGINEER GREGORY L. PARKER – LINE OF DUTY DISABILITY, with Recommendation to APPROVE. ITEM NO. 6 DISCUSSION Regarding the Increase of Hourly Rates for Legal Services from REIMER DOBROVOLNY & LABARDI PC Effective JULY 1, 2023, with Request to Receive and File or to Take Other Action Deemed Necessary. ITEM NO. 7 Review of APPLICATION FOR MEMBERSHIP hired on April 6, 2023, to the Firemen’s Pension Fund for JOSHUA CREGGER, with Recommendation to Approve. (Under Tier II Benefits) ITEM NO. 8 Review of APPLICATION FOR MEMBERSHIP hired on April 6, 2023, to the Firemen’s Pension Fund for MATTHEW FOSTER, with Recommendation to Approve. (Under Tier II Benefits) ITEM NO. 9 Review of APPLICATION FOR MEMBERSHIP hired on April 6, 2023, to the Firemen’s Pension Fund for OWEN KELLEM, with Recommendation to Approve. (Under Tier II Benefits) ITEM NO. 10 Review of APPLICATION FOR MEMBERSHIP hired on April 6, 2023, to the Firemen’s Pension Fund for JILLIAN NAVARRO, with Recommendation to Approve. (Under Tier II Benefits) ITEM NO. 11 Review of APPLICATION FOR MEMBERSHIP hired on April 6, 2023, to the Firemen’s Pension Fund for JAKE STARKEY, with Recommendation to Approve. (Under Tier II Benefits) ITEM NO. 12 MONTHLY FINANCIAL REPORT from LAUTERBACH & AMEN, LLP for the Month of MAY 2023, 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. 13 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. 14 CONTINUED DISCUSSION Regarding the SUMMARY OF SIGNIFICANT RISK LETTER dated MAY 18, 2023, with Request to Receive and File or to Take Other Action Deemed Necessary.  PAGE 3 NEW BUSINESS CITIZENS’ OPPORTUNITY TO ADDRESS THE BOARD OF TRUSTEES EXECUTIVE SESSION ADJOURNMENT