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Galesburg Reporter

Saturday, February 22, 2025

City of Galesburg Police Pension Fund Board met January 28

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Mayor Peter Schwartzman | https://www.ci.galesburg.il.us/government/elected_officials___election_offices/mayor_and_city_council/index.php

Mayor Peter Schwartzman | https://www.ci.galesburg.il.us/government/elected_officials___election_offices/mayor_and_city_council/index.php

City of Galesburg Police Pension Fund Board met January 28.

Here are the agenda provided by the board:

1. Call to order

2. Approve the October 31, 2024, minutes

3. Receive quarterly and annual report from Courtney and Aldrich

4. Review and act of investment activity

      a. Rob Arth & Phyllis Gau – Morgan Stanley

5. New Business:

      a. Approve 2025 COLA increases for retirees

      b. Apprive 2025 meeting schedule dates 1/28/2025, 4/29/2025, 7/29/2025 & 10/28/2025

      c. Approve three-year contract with Lauterbach & Amen, LLP to provide actuarial services

      d. Approve resignation and request for refund of contributions from former Officer Hardine

      e. Approve actuarially assumed interest rate calculation for military buy back time for Officer Hayes

6. Certified Trustee Training

      a. IML Pension Trustee Training

      b. IPPFA Pension Trustee Training

7. Public Comment

8. Adjournment

https://www.ci.galesburg.il.us/Document_Center/Agendas%20and%20Minutes/Police%20Pension/2025/January%2028,%202025%20Police%20Pension%20Agenda.pdf