NOTICE OF A REGULAR MEETING OF THE
ST. CHARLES POLICE PENSION FUND
BOARD OF TRUSTEES
The Board of Trustees will conduct a regular meeting on Wednesday, March 5, 2025 at 12:30 p.m. in the Police Department located at
1515 West Main Street, St. Charles, Illinois 60174, for the purposes set forth in the following agenda:
AGENDA
1. Call to Order
2. Roll Call
3. Public Comment
4. Approval of Meeting Minutes
a.) May 21, 2024 Special Meeting Transcript
b.) September 12, 2024 Special Meeting Transcript
c.) December 4, 2024 Regular Meeting
d.) December 4, 2024 Special Meeting Transcript
e.) Semi-Annual Review of Closed Session Meeting Minutes
5. City Treasurer’s Report
a.) Quarterly Financial Report
b.) Presentation and Approval of Bills
c.) Discussion/Possible Action – Cash Management Policy
6. Investment Reports
a.) Sawyer Falduto Asset Management – Quarterly Report
b.) IPOPIF – Verus Advisory, Inc.
c.) IPOPIF – State Street Statements
7. Communications and Reports
a.) Statements of Economic Interest
b.) Affidavits of Continued Eligibility
8. Trustee Training Updates
a.) Approval of Trustee Training Registration Fees and Reimbursable Expenses
9. Applications for Membership/Withdrawals from Fund
a.) Applications for Membership – Jacob Carollo and Christopher Morales
b.) Deceased Pensioner/Refund of Excess Contributions – Christopher Grove
10. Applications for Retirement/Disability Benefits
a.) Approve Regular Retirement Benefits – Brooks Boyce and Erik Mahan
b.) Approve Revised Duty Disability Benefits and Retro Payment – Melinda Anyon
c.) Discussion/Possible Action – Disability Application – James Keegan
11. Old Business
a.) Portability Updates – Raymond Garcia and Dhaval Patel
b.) Review/Approve – Annual Audit and Financial Statement
c.) Discussion/Possible Action – Benefit Discrepancies
12. New Business
a.) Review/Approve – Fiduciary Liability Insurance Renewal
b.) Discussion/Possible Action – Remove BMO Bank Account from eCFM
c.) Discussion/Possible Action – Auto-Pay Enrollment Lauterbach & Amen Invoices
d.) Review Trustee Term Expirations and Election Procedures
e.) Status of IPOPIF Audit Examination
13. Attorney’s Report – Reimer Dobrovolny & LaBardi PC
a.) Legal Updates
b.) Review, Adopt and Publish Decision and Order – Melinda Anyon, Brooks Boyce, Daniel Kuttner and Erik Mahan
14. Closed Session, if needed
15. Adjournment
ADA Compliance
Any individual with a disability requesting a reasonable accommodation in order to participate in a public meeting should contact the ADA Coordinator, Jennifer McMahon, at least 48 hours in advance of the scheduled meeting. The ADA Coordinator can be reached in person at 2 East Main Street, St. Charles, IL, via telephone at (630) 377 4446 or 800 526 0844 (TTY), or via e-mail at jmcmahon@stcharlesil.gov. Every effort will be made to allow for meeting participation. Notices of this meeting were posted consistent with the requirements of 5 ILCS 120/1 et seq. (Open Meetings Act).