City of Oglesby Police Pension Fund Board met Oct. 13.
Here is the agenda provided by the board:
1. Meeting called to order
2. Roll call
a. James Knoblauch
b. Tom Porter
c. Robert Stone
d. Mike Padilla
e. Corey Vanschaick
3. Reading/Approval of minutes of last meeting:
a. July 14, 2020
4. Report of treasurer and review and act on investment activities:
a. Balance in Northern Instl Government Select Money Market as of Septmber 30, 2020 was $485,994.15.
b. Tax Levy – 07/10/2020
1st installment payment = $85,019.81, 08/07/2020
2nd installment payment = $115,338.43, 09/04/2020
3rd installment payment = $52,773.32, and 09/30/20
4th installment payment = $81,635.69. Total received $334,767.25.
c. Investment review with Hometown National Bank (Phil Slevin)
5. Presentation/Approval of bills:
a. Hometown National Bank – Quarterly fee for Quarter ending 09/30/2020 was $2,449.92 (fee paid monthly – annual fee 25 bps (.0025%) of the Market Value)
b. IPPAC Annual Membership Fee - $500.00
c. IPPAC Board Member Training Fee - $500.00
6. Application for Membership – NONE
7. Application for Benefits – NONE
8. Old Business
9. New Business
a. Lauterbach & Amen Actuarial Valuation
b. Illinois Police Officers’ Pension Investment Fund
i. Active/Retiree information to Foster & Foster
10. Other
http://www.oglesby.il.us/newsite/wp-content/uploads/2020/10/police-pension-10132020.pdf
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