Municipal Employees' Annuity and Benefit Fund of Chicago met February 22.
Here is the agenda provided by the Fund:
A. Approve Minutes of Previous Meeting(s) – January 18, 2018
1. Request the Board approve the written record of the previous month’s Board Meeting.
B. Approve Executive Session Minutes – January 18, 2018 (Total – 2)
1. Request 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.
B. 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.
2. Consideration and possible approval of 1st Installment of PBS System Payments
• Annuities for Employees, Widows, Widowers, Minor Children, Reversionary, Adjusted Annuities, Suspended 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.
• 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:
1. Consideration and possible approval of legislation regarding technical changes to 40 ILCS 5/8-162.
Investments:
Market Environment
Monthly Performance Report
Fourth Quarter Report
MEABF Staff Investment Report
Watchlist
1. Request the Board approve the removal or addition of Manager(s) 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
Investment Consultant RFP Update*
Small Cap Value Manager RFP Discussion*
1. Consideration and Possible Selection of Small Cap Value Manager*
Other:
Actuarial Calculation Discussion*
1. Consideration and possible approval to accept assumptions proposed by Fund Actuaries for 2017 Actuarial Report
FOIA Update
Legal Update*
1. Consideration and possible action regarding the suspension of annuity benefits of Member 85392 in accordance with 40 ILCS 5/8-251pending a Board hearing
2. Consideration and possible action regarding annuity payments for Member 20111
3. Consideration and possible action regarding payment to the Illinois Department of Family Services involving Member 10746
Personnel Update*
1. Update and possible approval of Employment Posting
“*”Topics may be discussed in closed session in accordance with applicable Open Meeting Act provisions.
https://www.meabf.org/assets/pdfs/meetings/agenda/Posted_Agenda_2018_02_02.pdf
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