Fire Pension Board

Minutes of Pension Board Meeting January 7, 2015 Members present: Mike Thomas, Eric Hicks, Bill Kalal, and Pat Eriksen Members Absent: Ray Krueger Others Present: Cary Collins, Pension Board Attorney Cathy Haley, City of DeKalb Finance Director Traci Lemay, Recording Secretary for Board Call To Order The meeting was called to order at 9:33 a.m. Announcements Elections for active member will be upcoming. New Board will be seated at April meeting. Retiree Charlie Johnson passed away. Pension funding lev percentage was lowered. New Business Monthly Reports A Motion was made by Bill Kalal to take an omnibus vote and approve the following items in Omnibus form:  Financial Reports and Transactions of Investment Managers for the 4th quarter of 2014  Financial Reports of the Investment Consultant for the 4th quarter of 2014  Financial Reports of the Cash Manager for the 4th quarter of 2014  Payroll Transactions for the 4th quarter of 2014  Monthly Budget Reports for the 4th quarter of 2014  Ratify the trades of the asset manager for the 4th quarter of 2014  Minutes of the October 14, 2014 regular meeting and December 15, 2014 special meeting Said Motion was seconded by Pat Eriksen and unanimously approved by the Board by roll call. Municipal Compliance Report A Motion was made by Pat Eriksen to adopt and file the Municipal Compliance Report for the year ended June 30, 2014 prepared by Lauterbach and Amen, LLP. Said Motion was seconded by Bill Kalal. Motion was approved unanimously by roll call. Page 1 of 2 Annual Statement A Motion was made by Bill Kalal to approve and file the Annual Statement and Interrogatories for fiscal year ending June 30, 2014. Said Motion was seconded by Pat Eriksen. Motion was approved unanimously by roll call. Accounts Payable A Motion was made by Pat Eriksen to authorize the payment of the quarterly bills listed on the Lauterback and Amen general ledger. Said Motion was seconded by Mike Thomas and unanimously approved by the Board by roll call. Cost of Living Increases A Motion was made by Pat Eriksen to approve the annual Cost of Living Increases as detailed by Lauterbach and Amen. Said Motion was seconded by Bill Kalal and unanimously approved by the Board by roll call. Old Business Employee Payroll Contribution Reduction and overpayment corrections will begin with the first payroll of January. Trustee Training A Motion was made by Bill Kala to approve the expenses for annual trustee training. Said Motion was seconded by Eric Hicks and unanimously approved by the Board. Adjournment A Motion was made by Pat Eriksen to adjourn. Said Motion was seconded by Mike Thomas and approved unanimously by the Board. The meeting adjourned at 9:55 a.m. Page 2 of 2