Chambana Sun

City of Danville Policemen’s Pension Fund Board of Trustees met Dec. 11.

Here are the minutes provided by the board:

1. The joint special meeting was called to order by President Pat Carley at 10:04 a.m. 

2. Roll call was taken. Present was Glenn D. Miller, Treasurer Chris Hereen, Comptroller Ashlyn Massey,, Lisa Monson, Amy Schweizer, President Patrick Carley, Attorney Pinscilla of Reimer, Dobrovolny, & Labardi PC, Secretary Kody Kidwell arrived at 10:10. The Fire Pension Board was also present. 

3. Audience Comments - None 

4. Discuss and Approve Illinois Department of Insurance Annual Statement and Interrogatories - Motion to place them on file was made by Glenn Miller, seconded by Lisa Monson. Roll Call Vote, all ayes, no nays; motion carried 

5. Review and Approve IDOI Actuarial Valuation Reports - Recommended Contribution Option from L&A was $4,696,507, which shows 100% funding. The Pension Fund is currently funded at 34.17% and has an unfunded liability of $52,714,736. Motion to approve made by Pat Carley, seconded by Glenn Miller. Voice Vote, all ayes, no nays; motion carried 

6. Review and Approve City's 2023 Tax Levy proposal and Firemen's & Police Pension Annual Report to City Council - The proposed amount for 2023 is a 0% increase. Motion to approve made by Lisa Monson, seconded by Pat Carley. Roll Call Vote, all ayes, no nays; motion caried 

7. Discuss and Approve IRS Tax Payments - Amount to be paid for 2021 is $52,352.84. The amount for 2022 is still unknown. Motion to approve payments made by Pat Carley, seconded by Glenn Miller. Roll Call Vote, all ayes, no nays; motion carried. 

8. Firemen Only 

9. Adjournment - Motion to adjourn made by Glenn Miller, seconded by Pat Carley. Voice yote, all ayes, no nays; motion carried

https://www.cityofdanville.org/home/showpublisheddocument/4294