Lake County Gazette

City of Highwood Firefighter's Pension Fund Board of Trustees met Oct. 10

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. Approval of Meeting Minutes

a. July 11, 2024 Regular Meeting

b. 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

i. Review/Approve – GCM Recurring Withdrawal Instructions for 2025

ii. Review/Approve – Annual FPIF Cash Flow Projection for 2025

7. Investment Reports

a. Sawyer Falduto Asset Management – Quarterly Report

b. FPIF – Marquette Associates

c. FPIF – Statement of Results

8. Communications and Reports

a. Affidavits of Continued Eligibility

9. Applications for Membership/Withdrawals from Fund

a. Reciprocity Update – Jason Noga

10. Applications for Retirement/Disability Benefits

11. Old Business

a. Review/Accept – City’s Annual Audit

b. Status of FPIF Audit Examination

c. IDOI Annual Statement

d. Terminated Members with Contributions in Fund – Review and Possible Reporting to Illinois State Treasurer

e. OMA and Email Communication

f. Board Officer Elections – President and Secretary

g. FOIA Officer and OMA Designee

12. New Business

a. Review/Approve – Fiduciary Liability Insurance Renewal

b. Review/Approve – Actuarial Valuation and Tax Levy Request (Nyhart)

c. Review/Adopt – Municipal Compliance Report

a. Approve Annual Cost of Living Adjustments for Pensioners

b. Cash Management Policy – Review and Possible Approval

c. Establish 2025 Board Meeting Dates

13. Attorney’s Report – Ottosen DiNolfo

a. Pension Insights (4th Quarter 2024) (new legislation)

b. Board Insights (September 2024) (handling remote attendance)

c. Board Insights (October 2024) (new OMA issues)

d. Fiduciary Insights (October 2024) (duty of care and loyalty basics)

e. IAFPD Fire Call Pension Pointers (Summer 2024)

f. IFSC FPIF Presentation (September 2024)

g. IFSC New Case Law Presentation (September 2024)

h. Fiduciary Basics PowerPoint Presentation (September 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/_10102024-1080