South Cook News

Cook County Board of Commissioners Pension Committee met Feb. 26.

Here is the minutes provided by the committee:

ATTENDANCE

Present: Gainer, Anaya, Daley, Johnson, Miller, K. Morrison and Suffredin (7)

PUBLIC TESTIMONY

Chairman Gainer asked the Secretary to the Board to call upon the registered public speakers, in accordancewith Cook County Code.

1. George Blakemore - Concerned Citizen

20-1417

COMMITTEE MINUTES

Approval of the minutes from the meeting of7/18/2019

A motion was made by Commissioner Daley, seconded by Commissioner Suffredin, to approve 20-1417. The motion carried by the following vote:

Ayes: Gainer, Anaya, Daley, Johnson, Miller, K. Morrison and Suffredin (7)

Presentation by Cook County Pension Fund

19-1313

Sponsored by: BRIDGET GAINER, Cook County Board Of Commissioners

PROPOSED RESOLUTION TO DISCUSS THE COOK COUNTY AND FOREST PRESERVE EMPLOYEES' AND OFFICERS' ANNUITY AND BENEFIT FUNDS

WHEREAS, Actuarial reports for the Cook County Employees' Annuity and Benefit Fund and the Forest Preserve District Employees' Annuity and Benefit Fund of Cook County are released annually and presented to the Pension Committee of the Cook County Board of Commissioners; and,

WHEREAS, the reports highlight the funded status and total unfunded pension liability of the Cook County Pension Fund and Forest Preserve Pension Fund; and,

WHEREAS, on December 3, 2018, Regina Tuczak began her new role as Executive Director of the fund, and has been invited to introduce herself and update the new Board of Commissioners on the fund.

NOW, THEREFORE, BE IT RESOLVED, The Cook County and Forest Preserve Employees' and Officers' Annuity and Benefit Funds will appear before the Pension Committee of the Cook County Board of Commissioners to give a brief update of the fund and its 2019 outlook.

A motion was made by Commissioner Daley, seconded by Commissioner Suffredin, to accept as substituted 19-1313. The motion carried by the following vote:

Ayes: Gainer, Anaya, Daley, Johnson, Miller, K. Morrison and Suffredin (7) no action taken on 19-1313 as substituted

ADJOURNMENT

A motion was made by Commissioner Daley, seconded by Commissioner Miller, to adjourn the meeting. The motion carried by the following vote:

Ayes: Gainer, Anaya, Daley, Johnson, Miller, K. Morrison and Suffredin (7)

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