Champaign Police Pensifln FundRegular Quarterly Meding

January 26, 201l

Meeting WB.'.0110<1to order nn 01 21>-2011@ 13300", by Iloard Pre,ident Neumann

Uo.rd momben:Bill >;ournann-Pr<>id'"IItPot Kelly _ Sec",laryI-",rothy lJo>id _ A'<I- ~ecrela"Grq: ClIIIlpbcll_ T,eo,urcr

Ot~"•.•:Dori, Lain. Lain IIcOOUI1tingRi,~ Puller-!leok, u",.<

Rick Potter p""",nted the !'ffformance tlnal)"i. dated Dec 31", 2010, with I!''rlcnlldhc"",I"".

Ilased nn tile current level" and increase in the fuM overall due to \lariet Gain.,,oi:><ll<lnoin~w"" ,~"ir<d ill maintain our In,,,,,trn<:nI Policy. Ric,- pre<emed •docutnent, iocorp<>,ated into the minnt"" •• "Attachment tl", for the ,pecillc dollar""","nl> '" he lOO,ed 10",blilimc<: Ill< feu>J, tiOed" "'11"""i",, .nd Rehal..,.e Schodl1le-Motion to """Cfll !>y-Kelly, 2"' by U,,,,id, All in Favor, motion c..m<d. Rick", >mJletter tn ""pe<tive mot>llge", '" foll<>w

furt1Ja Di",""ion by Rick '<gamin.: ,11<so ),3S ID<I~u, CLl,,"'" mv<><mentpoliO)-,our rurrcnt t"'get, at< 45'>'. In Equity and SS% in Bond Market, lL' of July 01 0[2011,t..."., nIH"""" will mo,-" allo";<>;;", w aJ", in,-",I i" C~"I"""'" 11",oilil.II 'Droll',-."i>ed i",<>Im<JJI IX,liey woo c",.ted to lId<tpltil<><elu<ng<:" 00 ."tion 1/1'••.•hy theIloard at thi, time.

Old Rusiness

Tn,,,,f •• "fCn<libl< Sen-N:<:

1J.lle RawUin, """,f,,, of eredilli. ;en-i", "a' ,,",-iewed, Motl"" ill' lJavid to Ace<pt,2" by Kclly, All in Fov.,,-, motion =ried, Rcd",,'tOOCop)- "'!a<'h<>I'" Ih<><minLlI",","tln""hment I\"

Brian Ro~"" """,f ••. of c•.••.•ibk """•.ico WlI>""iew<J, Motion hClIIIlpbell toA",opt, 2"" h Kdly, AU in Favor, motion carTioo. Redacted COP}att>ched to the,eminute< •• "A"""hme<lt C

Copi", of the Oni<r regaro;ng the prior diSllbilily beIlrinl! for OllicOI Jdf"lund, ",or<ai,(ribo"'" lOr ~c" •., !.<:galCOlID",1had "''I'''''ted that an Order be app"" •.ed, after",,;cw, Motion by Campbell, 2"t>y Kelly, All in r.,Of, "'01ion oartie<l. "'" 'llacht>J"AttochmOflt D"

General discu"ion about needing to appoint. "Open M<oLin~, Ac1" Ollioo:.-[rom lhcII<>ard,mooon by C!UIlpbcll [OfNcumann to 1Ja,..,tho", du!i"" 2"t>y Kelly, All inFavor, Motion Carried. Neumannto .tlend ~ training

AL>ditReportCopi« of, •• Audil Rc"oo di"rioolc<l and rcv;cwro. Motion t>yD.wid to accept, 2" hKelly, All in r",'or, motion carried

iJOIRepoo-1Cutificanon form f~r the 001 Audi! ,nd doom"':n!> ~i:;lribolod and ""ic-wed, Motion1:1)'Kelly to ••••.-q>l. 2" by Campbell, All in Favor, motion carTied. Ce~ifieation form,igocd and forwarded to II. DOl, <eo 011",,000COP)'•• "AI""'mm:nI E"

(;""oci.1 Sto••",.ftt

Mfltion hy JJo,id ~''''''''I'l- 2"' by Campbell, All in Favor, rno,io" carried

F",uci.l V••••h•••

Minn' ••Mio""" dated OCtober 2~'".2010 "'<f< di,ltibu1.<d on<!"'vl•••.ed. Motion by Campbell toac<q". 2"" by Da>'id, All in FlIVor,motiOJl carried. Coppignod and crt!"",d intoreoord.,_

BulldiB. L."",B"ildinl! Lo",", for curren! offk. 'pace ;s llJ', l'eum:mn.utboriz.ed to cn1cr into another 2y.ar I•• ", for the <an,. <poce .\ 'be _ pnc., J.1mion try Camphell, 2" by K<lly_ ,\11 infa,'ur, Mution carried. '<cumann to "",,",ute n<.:<"s,,'Y documcr:tls.

Motiou to Adjourn by Kelly, =ondcd by CampbelL all in m'or, mcctinl! adjonmod <It2,S5rm

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OCtober7,201O

Mr. l3ill Netmnmn!'re<ident_ ofT_Ownpaign Police l'eIIsion fWKl82 Eo.t UniversityOlornpaign, IlliDois 61820

Dear Mr. N"""""",:

A, "'loeot<d, we b.v< mado calculoti<ras l<>do:tumino!be "lruo """'" fo< Dale Rowdin t<I<3lablish =ditable SCl'\'iceunder Ib< CbiImJ-ign Police Pension Fund for periods <If...-vi<>:origi••••lyCSllIblishodundorthe Cli."", PoliceI'<mionFund,purnIODIt<Ithe~ofSecti<m S/:l-llO(d) oftbe D1inoi, l'=io<l Code.

Our <:aIcul•• ",,,. ha•• bcal bosc:d on tb< pr<>visioflsofsectioo .SIl-llO(d) oflhc Illinois PemionCod< aDd on tho folJow;"ll information thai wu pro>'idedo

•,,,Mr. R.awdin', dole ofbinhA""",oo date <Jf notificllliooMr, _n', current onnuaI salaryMr. Rav.din', peri<>d of ocrvic< with CIiDton !'<>Ike

Mr. R.awdin'. date of =p!oyment ",1m ll>eCity ofChamJllligll

-Juoo23,1961- AU/l<lS127, 2010- $6&,547.86- 9years aDd8 """'tho, or

116months

. Jarn..". 23. 1995

In perfO<IIIintc0Ul calcllWi""" ••••ha", UX>dth< """'" -..vial ossumptioo> thai ••• ", m«l fortho My I, 2009 -..ri3l VIIlUlllionof1l>o:~gn Pooc. !'<:mire Fund. W. bo.", mo.oJeourcalculOlion, •• of AugtlSl27, 2010, the IISSl.lOnCd date of ootiftealion.

Bascd on !he ~ information ond ISS\IIIlIIIi<JmWI:hne <ktaminod tbe"lruo OOSI~fortransferring 116 mooII>oof..moe from l!Ie Clinton Pulice I'enrion Fund to be •• foJI"",,:

•• Aoluoriol Liability using oombinod years of...-vi<ein current fund ond 116 m<>oth:Iin Clinton!'<>lie< l'emioo Fund , 719.364

,. Act..n.J Liability 1ll5;"1lthe yeICl'Sof senioo in curretJI f<m<l 411,491, '"True C<»In fur CSIlIblishing 116 month, of servke credit (I _ 2) , 307,873

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/GOI.DSlEIN & AssocIATESAclvc>"ie< (Yl(l c~t>

Mr. Bill NeunwmOotobor1,2010,~,Ac""rding 10 Section SI3-110(d) "fthe l'ertsi<>n Code, if the IImouol _ is Jess _ the"truo """'~ to the pemioD fuod ofallowiD3 =<Iiable..roo. to be _liobed. the I/IKIUnlofcreditable """''''' 10 b<: O5labliohed oholI be mlueod by on om<>IlI1t«pW to the difl'ermc<.

AocordinaI; to the inf'omWioo provi<bI, tbI: IIIIlOUIlIto be tranof<:t'ml fu>m the Clin"'" PoliceP.,."i"" Fund ((l the Champaign Mioo Pension Fund i,oqu.I to $127,491.44. W._lb=f""" col~ theomm",iOf<:redi_ubl.~ to be1lOlob)i>bd fur M<. RaVl"lio ~ <>Ittni'tr"""rcr _ 10 be ~lIllllo ~ lIlOIIlhs,0< 4 yeOllIof...-viot ($127,491.44I$J01$13 X 116IOOnths).

If you bave ""y quo.<OOnoregardi"8 the above. please give me a co.1I.

Your•• inccrcly,

'!i!:.J~Con,olting iWluIIry

0Cl0ber 27. 2010

Polo»_ FlRl0It. Cityd~nAlIn: Mr, BiI NoouInom82 ElIOt \..OliwonityC/lompaign, IL n1l12O

e_od yoowdllin<!acINId<•• II'Nl-.>un! 01$lZl,<I91.oU Itv"traI_,.>g DaIe~. 9yea"'. 6.:', rnonIho and 15 doyo d....-.loo a-ediI to you-funt\.

K_ "- any ~ """" •• _free lOe<riad INl al217-835--943C.-,c2;:;c~~CintA.~.T-...",.-Clinton _ Penoion F<KId1'6 W. WashilglOn SlClilIon. Il 617Zl

116_ W~. P.O.1Iox:J7ll.CIi'Jlan,Ilinoio61n7217/ll35-1lo1:l8. 21711136-413l1 (1aI<)

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CHAMPAIGN POWCE PENSION FUND TRANSFER OFCREDITABLE SERVICE

Dakofbirth

Sllo'Iill/l do.tcat CPD J - ). 3 - ~ ~

On ~:q 20l!'.~ Ibo foIJow;ng ClIoInp«ign Police Pension Fumm<m, JlI\~1':""••••,1),01 ,~~Jeoerviccfrom~lJ~",'II tb.,.of r,,~,'" fund, a!<ltOloUm ffI..!t! worth f",,"!l. yea1lI""_lL.......moothJI o(,i_ into lite Chmnpoign Police Penoian FuOO.

Momber p~"" "-"""PiN, origin"lunJli-..ry daI<was 1- 1 ~ -J"IS;With the traIl3ftr of=ditllble ~ inIo the ClIoInp«ign Police l'ensi<>nfuDd. tile"....dolt willbe / -'3 ~,J_

Nowo.teofEnlry(adjUSl<ld) I' .13-}111

The fun<h ooming inlO th< CbornP"illll1'oiicc I'<mion FW><!cam< fio<n <he following~.

GoLDSTEIN & AssocIATESAc_ andC"",ctranl!;

Mr,BillNownamPresident, _ ofTrusIW!Champoian Polke 1'011""'" Fun<!82 East.UrtivenityCtwnpoign Illinois 61820

Re; Tru. Cott Qkulati9a For BriamRoc<n

'" >OUIHL«Wl.t...., _ ""~~-_(>1"~ ""~''',.,..."

A. ~ ••••_ """'" caleu1oti_1O do:temJine liI<"lnoe coot" for en •• Il.ogero10eslabhoh creditabl. """""" UDderliI<CbompAign Polk< l'=io<> Fund fur p<riods ofoorvia:ori~ly .SI8bliobod undorlhe foime..l1ei$htI Pol.,. P<noioIl fund. purauonllO lhe provisionsofSoetion S/J.110 oflil< Ullnois P..-.ion Code.

Our ca1onlatioos ba"" boon baed on the provisions ofSeetion S/J_1IO of the lllinois Ptmi""Coo. and on the followintl iofomWion tMt wa< providod:

,,;,,

Mr. ROI!!=' dato ofbirthAaum<d dlde ofllOlifieatl""Mr. Rosm' 1nnlllII ..Jory at _ oflllr<Mr. Rogers' period or:letVioo ";:lh Foirview HeightsPoho< Pension FundMr. Rovm' dato of ompIoyment wilh the Cit;yofCbampoign

.J""""Y2I,1981_November I, 2010.158,984,44

-6 J"""$, 8 momhs, 12 day.

_May 10, 20lO

In perl'mming our cak:ulotions. we ba,. UllCdlh< '"'"" •••.1uorio1......mptio •• lbat wcr<:UllCdfor!he My 1, 2009 lIClUarioiVlli1lll1ionorthe: Chompoign Police ~ Fund. We"""" mode ourcalcWlllions •• ofN<womber I, lOll). the ossumed dole ofnotification.

Bas<d on the above Inf""""tion and ••• <IIllJ'tions,"" Ito"" do:(erntined tbe"true <ClOt"furosIablishing the credl~1e ..".,,;celO be •• follo»o:

,. Acl...w Liability using oombined}""'1"5 of...-vice in 0\m'tJll rlllld and ~oos fund , 117,705

, Aetnariol Ulbility using !be yean of •••.••.ioc In 0<Wre<ItliInd 7799

; "[roo oosl" fur eotabll$hlng <:reditabl. tel'Vlce (l _ 2) I 10\l,906

/

Mr. Bill N<UmII\flO<tobet n, 20 I0,~,!'.cro1tIinK'" the int'o<mmon provi<lod. !h< 0IIl0WII1O be b_,ed from tbt Fairview HcighlOPolic< Pension Fund IDthe Cbamp&jgo Poli"" l'cIIsion Fuod is oquallo $88,261.51. 'l'!>=f.,...the _, thai would be .equimd to b< pajd by Mr. Ragen in order to eomblillh the oreditabJe..moo: is ""..-l ro th< dilkr<o:>oebotweeD tbe "True oosl~ inJieot<>dabove""" tho 0IIl0UIlI1Obe~ from the hitview Heights PoI;c" Ponsioo F •• <I.0< $2' 63749 ($109,906.S88,268.~I~

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$~_ )/06'/,o/!/,1;::',,.~.."" ,,_".,_,-,,","._'~ ~

Jh~, ••"•••••••••••----............. --~.~-I

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--_.--' r "":'J ,-- -l~_ ,'-, c-- ••,L J

••••••~.~..!!!s-t Midwest Bank-

!, ~I;~I j.!Ji'J~....-"'--..rr~--""-' ...,'I

CHAMPAIGN POUCE PENSION FUND TRANSFER OFCREDITABLE SERVICE

Applkont •••••• .a.sa••.806E/t-s

o-ofbirth thJ/et,St8rIioildalellCI'D Ehof,or I

On J .0 WJ!!....,!hefollowintlCbompoigoI'oH",!'=ion Fuod......,M. SLIM ~*EJ1.S , 1IanSfcrrcdomfitable ocrvice from0tJ" vo •• I/MJtl;f ibJ-'K fund..lOtaI or~ "* ~ worth $g, years~ I"''''tmonlbo ofri ••••into tb<ChampaignPoli", PensionFutd,Moml><tg"'M "Pt::CM ,original'lIUliv=arydalc __ 5H"/S<>.Withthe!nlll5f<rOf ortdilabk ocrviceinto the ChampaignPolk< ~"'und, !benewd8t<willbe ~1.2;L

New DaI< ofE.nuy (adjU5led) gb.yo 3'I

The funds cominginto !beOlmnpoignPoIi", PensionFundcame f""" the following",ur=:PI;¥rHl~I£{:)I,M!S~ ¥"'.!f;~Jt.<-

tlN.MoI ,r'M'UYStrtr¥M~1/y

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