Will County Gazette

Village of Frankfort Police Pension Board met Aug. 13.

Here is the agenda provided by the board:

1. Call to Order 

2. Roll Call 

3. Public Comment 

4. Approval of Meeting Minutes 

a.) April 10, 2025 Regular Meeting 

b.) May 22, 2025 Special Meeting 

c.) Semi-Annual Review of Closed Session Meeting Minutes 

5. Accountant's Report - Lauterbach & Amen 

a.) Monthly Financial Report 

b.) Presentation and Approval of Bills 

c.) Additional Bills, if any 

d.) Discussion/Possible Action - Cash Management Policy 

6. Investment Reports 

a.) Sawyer Falduto Asset Management, LLC 

b.) IPOPIF - Verus Advisory, Inc. 

i. State Street Statements 

7. Communications and Reports 

a.) Affidavits of Continued Eligibility 

b.) Active Member File Maintenance 

8. Trustee Training Updates 

a.) Approval of Trustee Training Registration Fees and Reimbursable Expenses 

9. Applications for Membership/Withdrawals from Fund 

10. Applications for Retirement/Disability Benefits 

a.) Discussion/Possible Action - Deceased Pensioner - Wayne Mangun 

i. Possible Surviving Spouse Discussion 

11. Old Business 

a.) Portability Update/Refund of Excess Contributions - Joshua Maxwell 

b.) Break in Service Purchase - Kenneth Monreal 

c.) Status of IPOPIF Compliance Audit 

12. New Business 

a.) Review Preliminary Actuarial Valuation 

b.) Discussion/Possible Action - Actuarial Funding Policy 

c.) Board Officer Elections - President, Vice President, Secretary, and Assistant Secretary 

d.) FOIA Officer and OMA Designee 

e.) IDOI Annual Statement 

f.) Discussion/Possible Action – Lauterbach & Amen Actuary Engagement Letter 

13. Attorney's Report - Reimer Dobrovolny & LaBardi PC 

a.) Legal Updates 

b.) Annual Independent Medical Examination - Jennifer Panattoni 

14. Closed Session, if needed 

15. Adjournment 

https://cms9files.revize.com/frankfortil/2025-08-13-fpb-agn.pdf