Chicago City Wire

Municipal Employees’ Annuity and Benefit Fund of Chicago met August 24. 

Here is the agenda as provided by the board:

A. Approve Minutes of Previous Meeting(s) – July 20, 2017

1. Request the Board approve the written record of the previous month’s Board

Meeting.

B. Approve Executive Session Minutes – July 20, 2017 (Total - 1)

1. Request the Board approve the written record of the closed session of the previous

month’s Board Meeting, and that such written minutes and the recorded minutes be

kept confidential under applicable Open Meetings Act provisions.

C. Agenda

• All Refunds

1. Request the Board approve the refund disbursements of refunds to qualified

applicants under 40 ILCS 5/8-168-171.

• Administrative & Investment Fees

1. Request the Board approve disbursements to service providers of the Fund.

• Annuities for Employees, Widows, Widowers, Minor Children, Reversionary, Adjusted Annuities

1. Request the Board approve annuities to members or their beneficiaries who

qualify for such annuities under 40 ILCS 5/8-130-133, 5/8-138, 5/8-139, 5/8 142,

5/8-148, 5/8-150.1, 5/8-158-159.

• Ordinary & Duty Disability Benefits

1. Request the Board approve monthly disbursement(s) of disability payments to

those members who qualify under 40 ILCS 5/8-160–162.

• Ordinary & Duty Disability Extensions

1. Request the Board approve the extension of monthly disbursement(s) of

disability payments to those members who qualify under 40 ILCS 5/8-160–162.

2. 90 Day Extension Request in accordance with 40 ILCS 5/8-163(d).

a) Lawrence P. Amedio

b) Denise M. Bargo

c) Anthony J. Clancy

d) Scott R. Cook

e) Debra A. Draper

f) Mirjana E. Grujicic

g) Nicholas C. Misuraca

h) Patricia A. O’Donnell

i) Christophe T. Rios

j) Donna M. Valentine

3. Duty Disability Extension approved in accordance with compliance with 40

ILCS 5/8-163(d). (listed on page 3)

• Adjusted Disabilities

1. Request the Board approve the adjustment of disability payments to those

members who qualify under 40 ILCS 5/8-160-162.

• Membership Applications

1. Request the Board approve the application for membership of employees who

have an option to join the Fund under 40 ILCS 5/8-113(d)(e)(g).

• Change in Dates of Birth

1. Request the Board approve the changes in records to reflect correct dates of birth

when sufficient proof is provided to the satisfaction of the Fund under 40 ILCS

5/8-148.

• Approve Treasurer’s Report

1. Approve and file the Treasurer’s Monthly Statement of Account

Miscellaneous:

Roll Call

Public Comment

Legislation

Legislative Update

Investments

Market Environment

Monthly Performance Report

Second Quarter Marquette Performance Report

MEABF Investment Report

Watchlist

1. Request the Board approve the removal or addition of Managers to the Watchlist for

reasons outlined in the Fund’s Investment Policy

Liquidity Needs

1. Request the Board approve the liquidation of investments in the Fund’s portfolio to

assist in the payment of benefits

Other

Fiduciary Insurance Presentation

1. Approve the proposed cost and coverage for Fiduciary Insurance

Current Issues Regarding 5/8-251

1. Discussion and Possible Action Regarding Member # 9402

2. Discussion and Possible Action Regarding Member #36317

Strategic Planning Policy / Triennial Strategic Planning

Budget Format Discussion

Social Media Implementation Update – Timeline

FOIA Update

Old Business

Legal Update*

“*”Topics may be discussed in closed session in accordance with applicable Open Meeting Act provisions.

• Ordinary & Duty Disability Extensions

3) Duty Disability Extension approved in accordance with compliance with 40 ILCS

5/8-163(d).

Name                                        Recommended

                                                 Extension Date

a) Garland                               12/1/2016

b) Gannon                               10/1/2017

c) Gutekanst                            10/1/2017

d) Pennington                          10/1/2017

e) Regan                                   3/6/2017

f) Salas                                    10/1/2017

g) Valdez                                  7/21/2017

h) Hobbs                                  7/31/2017

i) Simon                                    11/1/2017

j) Flannagan                             12/1/2017

k) Gautreaux                            12/1/2017

l) Izequierdo                             12/1/2017

m) McKennie                           10/30/2017

n) Bane                                      1/1/2018

o) Cliff                                        1/1/2018

p) Doyle                                     1/1/2018

q) Duarte                                    2/1/2018

r) Grzywacz                               2/1/2018

s) Russo                                    2/1/2018

t) Takaki                                     2/1/2018

u) Brown                                    8/1/2017

v) Calcagno                               3/1/2018

w) Davenport                           12/1/2017

x) Henderson                            3/1/2018

y) Cozzi                                     4/1/2018

z) Cullen                                    4/1/2018

aa) Hawthorn                             4/1/2018

bb) Jackson-Chen                     4/1/2018

cc) Payne                                  4/1/2018

dd) Zorich                                  4/1/2018

ee) Banks                                 3/24/2018

ff) Flisk                                        3/1/2018

gg) Alvarez                                 6/1/2018

hh) Keeler                                   7/1/2017

ii) Mazurek                                  6/1/2018

jj) McCarthy                                4/1/2018

kk) Steele                                    6/1/2018

http://www.meabf.org/assets/pdfs/meetings/agenda/Posted_Agenda_2017_08_FIN.pdf