City of Highwood Police Pension Board met Sept. 29.
Here are the minutes provided by the board:
1. Call to Order
2. Roll Call
3. Public Comment
4. Approval of Meeting Minutes
a. July 7, 2022 Regular Meeting
5. Accountant’s Report – Sikich, LLP
a. Monthly Financial Report
b. Presentation and Approval of Bills
c. Additional Bills, if any
d. Discussion/Possible Action – Cash Flow Projections and Cash Needs
e. Status of IPOPIF eCFM Portal Setup and Discussion/Possible Action on Recurring Withdrawals
6. Investment Report
a. Sawyer Falduto Asset Management – Quarterly Report
b. IPOPIF – Verus Advisory, Inc.
c. IPOPIF State Street Statements
7. Communications and Reports
a. Fiduciary Liability Insurance Presentation – Greg Kiesewetter of Cook Castle
8. Applications for Membership/Transfers/Withdrawals from Fund
a. Applications for Membership – Kyle Harvey, Vincent Veverito & Teodoro Vargas
b. Transfer of Creditable Service from IMRF Pursuant to SB3785 – Kyle Harvey
c. Police Officer Resignations – Marco Tosi & Mike Byrne Jr.
d. Contribution Refund – Robert Cavaiani
9. Applications for Retirement/Disability Benefits
a. Status Update – Rico Stringer Disability Application
10. Old Business
a. IDOI Annual Statement
11. New Business
a. Review/Approve – Cash Management Policy
b. Review/Approve – Actuarial Valuation & Tax Levy Request
c. Review/Adopt – Municipal Compliance Report
d. Establish 2023 Board Meeting Dates
e. Approve Annual Cost of Living Adjustments for Pensioners
12. Attorney’s Report – Ottosen DiNolfo
a. Pension Insights for Fourth Quarter 2022
b. Status of Arlington Heights PPF v. Pritzker Appeal
13. Trustee Training Updates
a. Status of Trustee Training Hours
b. Approval of Trustee Training Registration Fees and Reimbursable Expenses
14. Closed Session, if needed
15. Adjournment
https://www.cityofhighwood.com/AgendaCenter/ViewFile/Agenda/_09292022-939
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