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South West Illinois News

Tuesday, November 5, 2024

City of Columbia Police Pension Board met October 8

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Andrew Hitzemann - City Clerk | City of Columbia Website

Andrew Hitzemann - City Clerk | City of Columbia Website

City of Columbia Police Pension Board met October 8.

Here is the agenda provided by the board:

1. CALL TO ORDER / ROLL CALL

2. PUBLIC COMMENTS

3. MINUTES - Reading and approval of the minutes of the July 9, 2024 meeting.

4. CORRESPONDENCE

5. BILLS

6. TREASURER’S REPORT - Emily Voellinger

      Verify cash balances in local checking account to pay beneficiaries and bills.

7. INVESTMENT REPORT

      A) IPOPIF update of investment portfolio

             https://www.ipopif.org/reports/article-3-reports/

      B) Possible revisions to IPOPIF forms to include new Treasurer.

8. OLD BUSINESS

      A) Review and approve Annual Statement, Interrogatories and Audit to be filed with the Illinois Department of Insurance no later than October 30, 2024 (no extensions will be granted by IDOI).

      B) Confirm all board members have completed mandatory trustee training. C) Discuss May 6, 2024 IRS Notice and IRS response to June 4, 2024 letter sent by former Finance Director/Treasurer Linda Sharp, if any received. D) Discuss status of Joseph Edwards QILDRO and future payments to ex-wife.

9. NEW BUSINESS

      A) Discuss and approve setting of 2025 board meeting dates (currently meet on the 2nd Tuesday of quarterly months at 12:30 p.m. (1/14, 4/8, 7/8, 10/14/2025)).

      B) Review and approve annual COLA increases, effective January 1, 2025. C) Discuss IPPFA Regional Seminar in Carterville, Illinois on November 19, 2024.

      D) Discuss plans by IPOPIF to begin audits of all downstate police pension funds.

      E) Discuss Public Act 103-0929 (SB 2918) regarding disability as a cause for discharge.

      F) Ratify IDOI Security Administrator Form

      G) Adopt IPOPIF Resolution Appointing Pension Fund Authorized Agents

      H) Adopt IPOPIF Resolution Appointing Authorized Account Representatives/ State Street Cash Flow Module

      I) Adopt FCB Banks Resolution

10. APPLICATION FOR MEMBERSHIP

11. APPLICATION FOR BENEFITS

12. NEXT MEETING DATE (Tuesday, Jan. 14, 2025 @ 12:30 p.m.) / ADJOURNMENT

https://www.columbiail.gov/AgendaCenter/ViewFile/Agenda/_10082024-355

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