Lake County Gazette

City of Highwood Police Pension Fund Board of Trustees met Jan. 16.

Here is the agenda provided by the board:

1. Call to Order

2. Roll Call

3. Approval of Remote Attendance and Full Participation by Certain Trustees (if any)

4. Public Comment

5. Minutes

a. Review/Approve – November 20, 2023 Regular Meeting

b. Semi-Annual Review of Closed Session Meeting Minutes

6. 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

7. Investment Reports

a. Sawyer Falduto Asset Management – Quarterly Report

b. IPOPIF – Verus Advisory, Inc.

c. IPOPIF – State Street Statements

8. Communications and Reports

a. Statements of Economic Interest

9. Applications for Membership/Transfers/Withdrawals from Fund

a. Applications for Membership – Clayton Plumtree and Kevin Robinson

10. Applications for Retirement/Disability Benefits

a. Status of Disability Application for Rico Stringer – Hearing Dates

11. Old Business

a. Review/Accept – IPOPIF Actuarial Valuation as of May 1, 2023 (Foster & Foster)

b. Review/Adopt – Updated Municipal Compliance Report

c. Update on City Tax Levy for Fund

d. Status of Appointed Trustee Vacancy

12. New Business

a. Review/Accept – City’s Annual Audit

b. Review/Approve – Ottosen DiNolfo Engagement Letter

c. Review Trustee Term Expirations and Election Procedures

d. Review/Update – Fund Information Sheet

e. Review – DOI Biennial Report for 2023 – Individual Fund Data

13. Attorney’s Report – Ottosen DiNolfo

a. Pension Insights for First Quarter 2024 (New Case Law)

b. Board Insights for January 2024 (Trustee Training Requirements)

c. IAFPD Fire Call Pension Pointers – “Federal Court Weighs in on Whether Delayed Disability Hearing Process Violates an Applicant’s Due Process” (Fall 2023)

d. Crains – “State high court skeptical municipal police and fire pension consolidations hurts retirees’ voting rights” (November 2023)

14. Trustee Training Updates

a. Approval of Trustee Training Registration Fees and Reimbursable Expenses

b. Acknowledgement of Training Time from Meeting

c. Certification of Trustee Training Hours

15. Closed Session, if needed

16. Adjournment

https://www.cityofhighwood.com/AgendaCenter/ViewFile/Agenda/_01162024-1033