Village of Niles Board of Trustees met May 13.
Here is the agenda provided by the board:
I. Call Meeting to Order:
II. Roll Call:
III. Public Comment:
IV. Approval of Minutes:
a. February 18, 2021
V. Lauterbach and Amen, LLC Report
a. Review of monthly financial statements
b. Approval of Bills and Disbursements
c. Preparations for DOI annual statement, actuarial study and audit
VI. Investment Advisors Report:
a. Review of quarterly investment report
b. Review and Update to Investment Policy and/or Asset Allocation Parameters
VII. Treasurers Report (Village Finance Director Kent Oliven):
a. Confirmation of tax levy amount for Fund from Village of Niles
b. Coordination of meeting with Village on Actuarial Assumptions
c. Status of Audit
VIII. Firefighters’ Pension Investment Fund Updates
a. Board Meeting Dates for 2021
b. Process for Consideration of Rules
c. Rule 01: Appointment of Authorized Agents
d. Rule 02: Transfer of Assets
e. Cash Management Policy
f. Status of Litigation – Arlington Heights PPF v. Pritzker
IX. Old Business:
a. Annual Statement of Economic Interests Status
b. FY 2020 Statement of Changes in Plan Assets/Audit Results
c. Review of DOI tax levy recommendation and update to MCR
d. Tier II Combined Creditable Service Update
X. Consideration of and Action Upon Applicants for Admission and/or Withdrawal From Fund:
a. Application for Retirement: Brian Henricks
XI. New Business:
a. Certify Election of Retired Member Trustee Greg Schmidt
b. Election of President and Secretary of the Board
c. Appointment of Pension Clerk
d. Review and approve Pension Clerk Stipend
e. Annual IME’s of disabled members
f. Adoption of Resolution to Appoint Authorized Agents
g. Pensionable Salary Review
h. Status of OMA and FOIA officer
XII. Training: Timeline of Requirements 2021; Quarterly Insights; IAFPD Fire Call (Winter 2021) “Solving the Funding Conundrum:” IPIF Asset Transition Presentation (NIAFPD Conference 2021)
XIII. Closed Meeting (If Necessary)
XIV. Next Meeting:
a. August 17, 2021
XV. Adjournment:
https://www.vniles.com/AgendaCenter/ViewFile/Agenda/_05132021-2123
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