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Huntley Police Pension Fund approves 2026 COLA, adopts Decision in Rowe case and directs outreach on unclaimed contributions
Summary
At its Jan. 22 meeting the Huntley Police Pension Fund Board accepted the year-end financial report, approved 2026 cost-of-living adjustments for pensioners, adopted a Decision and Order in the Daniel Rowe matter, approved routine bills and directed staff to notify terminated members of unclaimed contributions.
HUNTLEY, Ill. — The Huntley Police Pension Fund Board of Trustees voted on Jan. 22 to approve several routine financial and administrative measures, including annual cost-of-living adjustments for pensioners and a Decision and Order in an administrative matter involving Daniel Rowe.
The Board, meeting at Huntley Village Hall, accepted the monthly financial report for the 12 months ending Dec. 31, 2025 showing a net position held in trust of $26,084,247.77 (a change in position of $4,890,995.14) and approved disbursements totaling $21,542.80. The motion to accept the report and the disbursements passed on a roll call vote with Trustees Timothy Heagney, Cathy Haley, Michael Hewitt and Laura Mraz voting yes; Trustee Joseph Lanute was absent.
Nut graf: The trustees also approved routine membership dues, adopted a prepared Decision and Order in the Daniel Rowe matter as presented by the board attorney, and directed their administrative vendor to notify former members about unclaimed contribution balances. Those actions and the approved 2026 cost-of-living adjustments were taken by recorded motions during the meeting.
Lauterbach & Amen presented the financial materials and reports. Dhara Patel, Professional Services Administrator with Lauterbach & Amen, provided the monthly financial report and the terminated-members unclaimed contributions report. The Board approved payment of an IPPFA membership invoice for $825.
Attorney Jerry Marzullo of Asher, Gittler & D'Alba presented a Decision and Order prepared for the Board in the matter of Daniel Rowe. The Board voted to approve, adopt and publish that Decision and Order as prepared.
On member benefits, the Board reviewed the 2026 cost-of-living adjustments calculated by Lauterbach & Amen and approved them as required by statute (motion by Trustee Cathy Haley, second Trustee Laura Mraz; roll call AYES: Heagney, Haley, Hewitt, Mraz). The Board also directed Lauterbach & Amen to send correspondence to terminated members with remaining unclaimed contribution balances (motion carried by voice vote).
The trustees discussed the status of the Illinois Police Officers’ Pension Investment Fund (IPOPIF) compliance audit and noted that requested documents had been submitted before the audit deadline; the Board deferred further discussion to its next regular meeting. Verus Advisory and IPOPIF statements on investment performance were reviewed; the fund’s market value as reported by IPOPIF on Dec. 31, 2025 was $25,951,555.05.
The Board recorded that Trustee Laura Mraz’s appointed-member term expires in May 2026 and that she is interested in seeking reappointment; the Board said it will contact the Village regarding the appointment. The meeting adjourned at 4:55 p.m.; the next regular meeting is scheduled for April 23, 2026 at 4:00 p.m.
Attributions: Trustees present were Trustee Timothy Heagney (presiding), Trustee Cathy Haley, Trustee Michael Hewitt and Trustee Laura Mraz. Also present were Director of Finance Kristi Ward-Nickels (Village of Huntley), Dhara Patel (Lauterbach & Amen), and Attorney Jerry Marzullo (Asher, Gittler & D'Alba). The minutes were prepared by Dhara Patel.
