HomeMy WebLinkAboutHandouts_Pension General_7/29/1998 Memorandum
To: Board of Trustees, Employees'Pension Trust Fund
From: Thomas G. Bradford, Secretary •
Date: July 23, 1998 •
Subject: Pension Matters
I will be on vacation during the next meeting of the Board of Trustees. For this reason, I felt I should
communicate with each of you in this fashion to provide you with a status of employee matters and other
issues as they relate to the Employee's Pension Trust Fund.
As you may know, Bill Kascavelis, Finance Director, retired on June 30, 1998. Mrs. Connie Holloman has
been chosen to replace Mr. Kascavelis in this important position. However, Mrs. Holloman does not begin
work for the Village until August 3, 1998.
•
The applicable ordinance of the Village requires that we have the meeting on July 28 in order to comply
with the minimum quarterly meeting requirements.
I anticipate the meeting to be perfunctory in nature. I have asked the Assistant Finance Director and
Personnel Specialist to attend to make presentations to you on different issues related to their departmental
responsibilities. These persons are new in their positions (both were hired on June 1, 1998) so I have
briefed them on the minimal information that they are being requested to provide to you. Additionally,
Peter Van Buren will be present to provide an overview of the investment results experienced by the Fund
during the last quarter and to describe market conditions.
You may or may not be aware that Captain James Trube resigned from the Board of Trustees to pursue his
desire to receive the education necessary to become a paramedic with the Village, in addition to his current
Fire and Rescue responsibilities. Captain Trube, while a member of the Fire-Rescue Department, was
actually the representative for the Police Department. I will request the Chief of Police to once again solicit
his members to determine if there is a volunteer to be the Police Department Representative. If so, that
person should be "on board" for the next quarterly meeting of the Board of Trustees.
According to my calendar, the next meeting of the Board of Trustees is scheduled for Wednesday, October
28, 1998, commencing at 9:00 A.M. Please mark your calendars accordingly. At that meeting Connie
Holloman will be introduced to you and will commence discharging 'her responsibilities in the
administration of the Employees' Pension Trust Fund.
TGB\ecr
Bradford\072398-2.sam