Fire Pension Board

VILLAGE OF PALATINE VILLAGE HALL - COMMUNITY ROOM A 200 E WOOD STREET PALATINE, IL 60067-5339 – (847) 359-9050 http://www.palatine.il.us FIRE PENSION BOARD MINUTES MAY 12, 2025 Regular Meeting 4:00 PM I. CALL TO ORDER Attendee Name Title Status Arrived Matthew DuLaney Secretary Present Jeffery Sullivan President Present Mike Magnuson Trustee Late Jim Brandt Trustee Present Fred Kleeburg Trustee Late Mitch Zable Fund Participant Present Andrew Brown Finance Director Present Patrick Gratzianna Fire Chief Present Kevin Cavanaugh Commissioner Present Call to order 16:12 II. PUBLIC COMMENT None. III. APPROVAL OF MINUTES 1. Approval of - Approved by Voice Vote Minutes from Feb. 10th, 2025 were approved. RESULT: APPROVED BY VOICE VOTE [UNANIMOUS] MOVER: Jeffery Sullivan, President SECONDER: Jim Brandt, Trustee AYES: DuLaney, Sullivan, Magnuson, Brandt, Kleeburg IV. FINANCIAL REPORTS 1. VOP Quarterly Financial Report - Approved by Voice Vote Andrew Brown presented the VOP Quarterly Financial Report. See attached. VILLAGE OF PALATINE Page 1 Minutes May 12, 2025 RESULT: APPROVED BY VOICE VOTE [UNANIMOUS] MOVER: Jeffery Sullivan, President SECONDER: Fred Kleeburg, Trustee AYES: DuLaney, Sullivan, Magnuson, Brandt, Kleeburg 2. IFPIF Financial Report - Approved by Voice Vote Jeff Sullivan presented the IFPIF Financial Report. See attached. RESULT: APPROVED BY VOICE VOTE [UNANIMOUS] MOVER: Matthew DuLaney, Secretary SECONDER: Mike Magnuson, Trustee AYES: DuLaney, Sullivan, Magnuson, Brandt, Kleeburg V. ORDERS OF PAYMENT 1. Reimer, Dobrovolny, & LaBardi - Approved by Voice Vote Payment in the amount of $750.00 for legal services. RESULT: APPROVED BY VOICE VOTE [UNANIMOUS] MOVER: Jeffery Sullivan, President SECONDER: Matthew DuLaney, Secretary AYES: DuLaney, Sullivan, Magnuson, Brandt, Kleeburg 2. Lauterbach & Amen - Withdrawn RESULT: WITHDRAWN 3. Fred Kleeburg - Approved by Voice Vote Mr. Kleeburg traveled to Addison to fulfill his continuing education requirement. Mr. Kleeburg will be paid for his travel of 58 miles at a rate of .70 per mile. Mr. Kleeburg will receive payment of $40.60 for his travel and $230.00 for his registration, totaling a payment of $270.60 RESULT: APPROVED BY VOICE VOTE [UNANIMOUS] MOVER: Matthew DuLaney, Secretary SECONDER: Jeffery Sullivan, President AYES: DuLaney, Sullivan, Magnuson, Brandt, Kleeburg VI. ADMINISTRATIVE 1. Trustee Appointment - Approved by Voice Vote Trustee Michael Magnuson has been reappointed to another term as Trustee. His new term will begin on May 1st, 2025 and will end April 30th, 2027 VILLAGE OF PALATINE Page 2 Minutes May 12, 2025 RESULT: APPROVED BY VOICE VOTE [UNANIMOUS] MOVER: Matthew DuLaney, Secretary SECONDER: Fred Kleeburg, Trustee AYES: DuLaney, Sullivan, Magnuson, Brandt, Kleeburg 2. Retirement Applications - Withdrawn No retirement applications were received. RESULT: WITHDRAWN 3. New Member Applications - Approved by Voice Vote Kyle Hansen Age: 22 Appointed to the Fire Department: 3/12/2025 Tier 2 File is complete. Daniel Goetsch Age: 24 Appointed to the Fire Department: 4/2/2025 Tier 2 File is complete. RESULT: APPROVED BY VOICE VOTE [UNANIMOUS] MOVER: Fred Kleeburg, Trustee SECONDER: Jim Brandt, Trustee AYES: DuLaney, Sullivan, Magnuson, Brandt, Kleeburg 4. Authorized Agent - Approved by Voice Vote Action was taken to replace Paul Mehring with Andrew Brown as an Authorized Agent for Palatine's IFPIF account. RESULT: APPROVED BY VOICE VOTE [UNANIMOUS] MOVER: Fred Kleeburg, Trustee SECONDER: Jeffery Sullivan, President AYES: DuLaney, Sullivan, Magnuson, Brandt, Kleeburg 5. Actuarial Presentation - Approved by Voice Vote Kevin Cavanaugh, an actuary from Lauterbach & Amen presented the annual actuarial report. See attached. VILLAGE OF PALATINE Page 3 Minutes May 12, 2025 RESULT: APPROVED BY VOICE VOTE [UNANIMOUS] MOVER: Matthew DuLaney, Secretary SECONDER: Jeffery Sullivan, President AYES: DuLaney, Sullivan, Magnuson, Brandt, Kleeburg 6. Actuarial Report: Recommended Levy to Village Council - Approved by Voice Vote Based on the actuarial presentation, the recommended levy is $7,147,182 RESULT: APPROVED BY VOICE VOTE [UNANIMOUS] MOVER: Jeffery Sullivan, President SECONDER: Fred Kleeburg, Trustee AYES: DuLaney, Sullivan, Magnuson, Brandt, Kleeburg 7. Annual Required Report: Approve and File with Village Coucil - Withdrawn RESULT: WITHDRAWN 8. Notice of physical exam requirement to disability pensioners - Notice will be served to the disability pensioners to schedule their physical examination. VII. NEW BUSINESS VIII.OLD BUSINESS Fred Kleeburg discussed issuing a final retiree applications IX. ADJOURNMENT Meeting adjourned at 17:45 Moved by Fred Kleeburg Second by Jeffery Sullivan VILLAGE OF PALATINE Page 4