NOTICE OF A REGULAR MEETING OF THE
ST. CHARLES POLICE PENSION FUND
BOARD OF TRUSTEES
The St. Charles Police Pension Fund Board of Trustees will conduct a regular meeting on Wednesday, September 3, 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. June 4, 2025 Regular Meeting
b. Semi-Annual Review of Closed Session Meeting Minutes
5. Accountant’s Report – Lauterbach & Amen
a. Monthly Financial Report
b. Presentation and Approval of Bills
c. Additional bills, if any
d. Discussion/Possible Action – Cash Management Policy
6. Investment Reports
a. Sawyer Falduto Asset Management, LLC
b. IPOPIF – Verus Advisory, Inc.
c. IPOPIF – State Street Statements
7. Communications and Reports
a. Active Member File Maintenance
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 – Daniel Likens, Adem Nazifi, Ryan Nickel and Matthew Wells
b. Refund of Excess Contributions – Eric Majewski
c. Deceased Pensioner/Refund of Excess Contributions – Christopher Grove
10. Applications for Retirement/Disability Benefits
a. Approve Regular Retirement Benefits – Stephen Heike Jr. and Eric Majewski
11. Old Business
a. Portability Update –Raymond Garcia
b. Discussion/Possible Action – Benefit Discrepancies
c. Discussion/Possible Action – Status of IPOPIF Audit Examination
d. Discussion/Possible Action - Property Tax Payments
e. Appointed Member Term Expiration - Bill Hannah
12. New Business
a. Review/Approve – Actuarial Valuation and Tax Levy Request
b. Review/Adopt – Municipal Compliance Report
c. IDOI Annual Statement
d. Board Officer Elections - President, Vice-President, Secretary, and Assistant Secretary
e. FOIA Officer and OMA Designee
13. Attorney's Report - Reimer Dobrovolny & LaBardi PC
a. Annual Independent Medical Examination - Steven Woloszyk
b. Review, Adopt, and Publish Decision and Order - Stephen Heike Jr. and Eric Majewski
c. Discussion/Possible Action - Updated Board Rules & Regulations
d. Legal Updates
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).