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Huntley Police Pension Fund board approves insurance renewal, COLAs and monthly financial report
Summary
At its Jan. 23 meeting the Huntley Police Pension Fund Board accepted the monthly financial report, approved $13,573.48 in disbursements, renewed fiduciary liability insurance for $3,494 and approved 2025 cost-of-living adjustments for pensioners; one trustee abstained on the COLA vote.
The Huntley Police Pension Fund Board of Trustees met Jan. 23, 2025, at Huntley Village Hall and approved routine financial and administrative actions, including the fund’s monthly report, a fiduciary liability insurance renewal and cost-of-living adjustments for pensioners.
Trustee Joseph Lanute called the meeting to order at 4:03 p.m. and trustees recorded attendance. Lauterbach & Amen presented the monthly financial report for the 10-month period ending Oct. 31, 2024, showing a net position held in trust for pension benefits of $21,230,822.15 and a change in position of $2,899,279.68. The board reviewed related cash analysis, revenue and expense reports and approved disbursements totaling $13,573.48. Trustee Cathy Haley made the motion to accept the…
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