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Huntley pension board approves 2026 COLAs and directs notices on unclaimed contributions
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Summary
The Huntley Police Pension Fund Board approved 2026 cost-of-living adjustments as calculated by Lauterbach & Amen and unanimously directed the administrator to issue correspondence to terminated members with unclaimed contributions; Trustee Laura Mraz signaled interest in reappointment.
The Huntley Police Pension Fund Board on Jan. 22 approved statutory cost-of-living adjustments for pensioners for 2026 and directed Lauterbach & Amen to notify terminated members with unclaimed contributions.
Trustee Cathy Haley moved to approve the 2026 COLAs as calculated by Lauterbach & Amen; Trustee Laura Mraz seconded the motion, which carried by roll call (AYES: Timothy Heagney, Cathy Haley, Michael Hewitt, Laura Mraz). The minutes do not specify the dollar amounts or percentage applied; the COLAs were presented as calculated by the administrator in accordance with statute.
On a separate motion, Trustee Timothy Heagney moved and Trustee Laura Mraz seconded to direct Lauterbach & Amen to issue correspondence notifying terminated members of their remaining contributions; the motion carried unanimously by voice vote. The board indicated further discussion of the unclaimed contributions report will occur at its next regular meeting.
Trustee Laura Mraz’s appointed term is noted as expiring in May 2026; the board will contact the Village of Huntley to seek reappointment. The board adjourned at 4:55 p.m. The next meeting is April 23, 2026.