City of Yorkville Pension Fund Board met May 21.
Here is the agenda provided by the board:
Meeting Call to Order:
Roll Call: Present:
Guests:
Citizen Comments:
Previous Meeting Minutes: February 26, 2019
Corrections/Approval
Motion to Approve:
Communications:
Monthly Treasurer’s Report: Jan, Feb, and Mar 2019
Motion to Approve:
Bills for Payment:
MVT Management Fee: (Apr-Jun 2019) $ 3,564.88
From Schwab Acct: 3137-9036
IDOI Compliance Fee $ 1,818.21
Zabinski Consulting Services (Feb-Mar) $ 316.68
UCOY Reimbursement (Jan-Mar postage) $ 23.42
UCOY Reimbursement (IPPAC Conf. Lodging) $ 608.22
IPPAC Conference $ 1,050.00
Collins and Radja: Attorney $ 775.00
Total Bills for Payment: $ 8,156.41
Motion to Approve:
Investments:
Progress Report from Great Lakes Advisors
Unfinished Business:
Approval of Dan Pleckham pension – retired November 19, 2018 but did not reach 50 years of age until March 10, 2019
New Business:
Required Report to the Municipality by the Pension Board
2018 MWM Actuarial Valuation Report - Exhibit A
2018 IDOI Actuarial Valuation Report - Exhibit B
FY 2020 Police Pension Budget
Approval Fiscal Year 2020 Police Pension Budget
Personnel Changes and Additions:
New Hires:
Nicholas Mertes – May 13, 2019 (Tier II)
Sean Enk – May 13, 2019 (Tier II)
Luke Swanson – May 13, 2019 (Tier II)
Additional Business:
Discussion regarding requests for proposals on future fund management
2019 meeting dates: Feb 12, May 21, Aug 13, Nov 12
Citizen Comments:
Next meeting:
Aug 13, 2019 5:00pm
Motion to Adjourn:
https://www.yorkville.il.us/ArchiveCenter/ViewFile/Item/3045
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