Police Pension Board

IN ACCORDANCE WITH THE APPLICABLE STATUTES OF THE STATE OF ILLINOIS AND ORDINANCES OF THE CITY OF PROSPECT HEIGHTS, NOTICE IS HEREBY GIVEN: Prospect Heights Police Pension Board CITY HALL 8 NORTH ELMHURST ROAD PROSPECT HEIGHTS, IL 60070 REGULAR MEETING Tuesday January 10, 2023 at 9 AM 1. Call to Order 2. Roll Call 3. Approval of Minutes A. October 11, 2022 Special Meeting Minutes 4. Public Comments 5. Approval of Expenditures A. Richard Reimer Pension Board Legal Counsel Payment - a. Quarterly Retainer plus General Matters - $750.00 B. Karen Schultheis, Recording Secretary January 10, 2023, 1st Quarter Meeting $125.00 C. Invoices a. Approval of Invoice #71759 – Lauterbach and Amen Professional Services of October, 2022 - $740.00  b. Approval of Invoice #73137 – Lauterbach and Amen Professional Services of November, 2022 - $740.00 c. Approval of Invoice #70842 – Lauterbach and Amen Accounting benefits and Administration services - $740.00 d. Approval of Invoice #71525 – Lauterbach and Amen professional services rendered in connection with preparation of the Illinois Department of Insurance report for fiscal year ended April 30, 2022 - $1,415.00 D. Payment of Expenditures 6. Pension Board Legal Counsel Report A. Review/amendment to cash management policy 7. Pension Board Investment Report 7. Pension Board Lauterbach and Amen Monthly Financial Report A. Global Cash Movement – Crista Birkenheier B. BMO Collateralization 8. Old Business 9. New Business A. Kevin Lange Transfer of Credible Service a) Recognition the purchase has been paid in full b) Acknowledgment of the Revised Date of Hire B. Approval of Annual COLA increases C. Semi Annual Review of Closed Executive Session Minute to determine if needs to remain confidential. D. Determine need for election of beneficiary and active Trustees and/or Re-appointment of appointed Trustees – request for re-appointment of appointed Trustees. E. Schedule annual examinations of disabled firefighters/police officers under age 50. F. Annual verifications of eligibility for beneficiaries G. Review/update contracts with vendors (accountants, actuaries, attorneys, investment managers/advisors, consultants). H. Obtain predatory lending certification forms from Illinois regulated banks. I. Resignation of Carlos Collazo J. Approval of Officer Lee Redlin to the Police Pension Fund K. Approval of Victor Castillo Pension Refund 10. Next Meeting Date – Tuesday, April 11, 2023 at 9 AM – City Hall. 8 North Elmhurst Road, Prospect Heights, IL 60070 11. Adjournment