Lake County Gazette

City of Highwood Firefighter's Pension Fund Board of Trustees will meet April 11

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 – October 31, 2023 Regular Meeting

b. Semi-Annual Review of Closed Session Meeting Minutes

c. Review/Approve – Remote Open Meeting Recordings Destruction

6. Accountant’s Report – Sikich, LLP

a. Monthly Financial Report

b. Presentation and Approval of Bills

c. Additional Bills, if any

d. Cash Projections and Cash Needs

7. Investment Reports

a. Sawyer Falduto Asset Management – Quarterly Report

b. FPIF – Marquette Associates

c. FPIF – Statement of Results

8. Communications and Reports

a. Statements of Economic Interest

b. Affidavits of Continued Eligibility

c. DOI Siren on use of money market funds (February 2024)

9. Applications for Membership/Withdrawals from Fund

10. Applications for Retirement/Disability Benefits

a. Pieri Interim Retirement Benefits – Update

i. Confirmation of Board’s Order Vacating Findings and Decision

ii. Issuance of Subpoena for Additional Records from City and Commission

iii. Review and Possible Action – City of Highwood’s Petition to Intervene

iv. Dates for Hearing

11. Old Business

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

b. Review/Adopt – Updated Municipal Compliance Report (MCR)

c. Update on City Tax Levy for Fund

12. New Business

a. Review/Accept – City’s Annual Audit

b. Review/Approve – Ottosen DiNolfo Engagement Letter

c. Discussion/Possible Action – Sikich, LLP Engagement Letter

d. Certify Board Election Results – Active Member and Retired Member Positions

e. Review/Update – Fund Information Sheet

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

g. Status of FPIF Audit Examination

13. Attorney’s Report – Ottosen DiNolfo

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

b. Illinois Supreme Court’s decision in Arlington Heights PPF v. Pritzker

c. Article from Crain’s (Pensions & Investments): “Illinois’ top court upholds police and firefighter pension fund consolidation” (January 19, 2024)

d. Pension Insights (2nd Quarter 2024)

e. Board Insights (April 2024)

f. Client Alert (April 2024)

g. NIAFPD Conference Presentation “FPIF: Updates on Consolidation and Operations” (February 2024)

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/_04112024-1046