City of Countryside Police Pension Board met May 28.
Here is the agenda provided by the board:
1. Call Meeting to Order
2. Roll Call:
Lou Moravacek President Tom Radja Board Attorney
Brendan Gleespen Vice-President Cathy Rothbard Pension Clerk
Agostino Alonzo Secretary Dan Davis Morgan Stanley
Dave Schutter Assistant Secretary Brandon Edenfield Trustee
Jessie Barrett Wells Fargo Wachovia
3. Public Comments
4. Investment Updates
5. Approval of minutes from January 30, 2020 pension meeting.
6. Receipts and Disbursements for January, February, March, and April 2020.
7. Old Business
Retiree Brian Cozen’s modified Qildro order
Due to this meeting only for critical business, attorney proposals will be on the next pension meeting agenda.
8. New Business
Approval of costs for Lauterbach & Amen for actuarial/GASB 67/68 thru 4/30/22
9. Application for retirement benefits
Sgt. John Andree has applied for his retirement benefits effective May 17, 2020, his calculations are listed below:
$115,443.00 annual gross salary
4,440.00 10 days holiday pay
850.00 longevity benefit
$120,733.00 total salary for pension calculations
His annual gross pension salary is 84,513.10, and his monthly gross is $7,042.76.
Prorated salary for the remainder of May, 2020 is $3,407.79
Application for retirement benefits continued:
Sgt. Anthony Boyd has applied for his retirement benefits effective May 31, 2020, his calculations are listed below:
$115,443.00 annual gross salary
4,440.00 10 days holiday pay
850.00 longevity benefit
$120,733.00 total salary for pension calculations
His annual gross pension salary is $78,476.45, and his monthly gross is $6,539.70
Prorated salary for the remainder of May, 2020 is $210.96
10. Attorney Report
11. Executive Session, if needed.
12. Adjournment
https://www.countryside-il.org/agendas-minutes/may-28-2020/
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