minutes regular meeting no. 978 june 20, 2012 - FABF

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MINUTES 

REGULAR MEETING NO. 978 

JUNE 20, 2012 

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June 20, 2012 

Regular Meeting No. 978 

Agenda 

1. Roll Call 

2. Administrative Items 

A. Approval of Minutes Regular Meeting 977 

B. Minimum Formula Annuities 

C. Widow’s and Children’s Annuities 

D. Refunds 

E. Death Benefits 

F. Partial Payments 

G. Benefit Recalculations 

H. Payments Pursuant to Court Order (None) 

I. Requests for Permission 

i. Guardianship 

ii. Reside Out of State 

J. Gift Fund (Information Only) 

K. Removals 

L. Expenditures 

M. Executive Director’s Report 

i. Monthly Report 

ii. 2012 Expenditures to Date (Information Only) 

iii. 2012 Funding Resolution for 2013 

iv. Lewis Matter Communication 

v. Fiduciary Insurance Renewal – Mesirow ...................................................................... 8:30 a.m. 

3. Committee Items to be Discussed by the Board 

A. Investment – Fabrizio/Shanahan 

i. Callan Associates 1 st Quarter 2012 Review 

ii. Northern Trust Performance Flash: May 2012 

iii. Statement of Asset Allocation: June 18, 2012 

iv. Cash Needs: June 2012 

v. Target Brokers: May 2012 

vi. Capital Calls 

vii. Investment Advisor Updates 

Adams Street Partners 

William Blair 

Northern Trust 

Pomona Capital 

viii.Roadmap 

ix. Investment Guideline Revision 

Loomis Sayles 

Western Asset 

x. Search for Investment Advisers 

B. Legal - Martin/Stewart 

i. Legal Status 

ii. Response Concerning Funding Inquiries 

iii. Korshak Communication 

4. Board Physician Reviews of Disability Recipients 

5. Hearings 

A. Occupational Disease Disability 

i. Captain/PM Thomas E. Misiewicz, FPB-West ............................................................. 9:00 a.m. 

ii. Lt. Richard Zysko, Truck 55 .......................................................................................... 9:15 a.m. 

6. Miscellaneous 

A. Non-Compliance of 6-154

Page 1 Firemen's Annuity & Benefit Fund of Chicago, June 20, 2012 

Regular Meeting No. 978 Minutes 

1. ROLL CALL: President Michael Shanahan, Vice-President Stephanie Neely, Trustees 

Wally Carlson, Dan Fabrizio, Susana Mendoza, and Charles Stewart, III. 

TRUSTEES PRESENT LATER: Secretary Anthony Martin and Trustee Amer Ahmad 

TRUSTEES ABSENT: None 

OTHERS PRESENT: Fund physician, George Motto, M.D.; Fund Attorneys, Mary Patricia 

Burns and Vincent Pinelli; Deputy Comptroller James Raussen; Assistant Treasurer Tim Hicks, 

Executive Director Kenneth Kaczmarz, and Fund Staff Lori Lund and Kristy Maufas. Chief 

Investment Officer Michael Moran and Fund Staff Jaclyn McAllister, Matthew Clark and Tom 

Kulbida were present for the Administrative Items. 

2. ADMINISTRATIVE ITEMS: 

A. APPROVAL OF MINUTES OF REGULAR MEETING 977, MAY 23, 2012: 

On motion of Neely, seconded by Carlson, the minutes of the regular meeting number 977, 

held on May 23, 2012, were accepted and approved without reading, each member having 

been previously furnished with a copy. The vote was: 

Yeas: Ahmad, Carlson, Fabrizio, Martin, Mendoza, Neely, Shanahan, Stewart 

Nays: None 

B. MINIMUM FORMULA ANNUITIES: 

10772 GARY W. COLLINS, EMT Lieutenant, Engine 101, Occupational Disease 

Disability since June 17, 2004 

Born: 06/01/1949 $6,716.77 a month beginning June 1, 2012 

Ent. CFD: 11/16/1978 based on 75% 

Retired: 06/01/2012 $201.50 annuity increment, 3%, begins 

July 1, 2013 

COLLECT $72.55 FOR 2006 ERRORS IN DEDUCTIONS 

14068 ACHILLES COSTANZA, Fire Engineer, Engine 2 

Born: 03/09/1952 $4,291.02 a month beginning May 16, 2012 

Ent. CFD: 05/01/1990 based on 57.5% 

Retired: 05/16/2012 $128.73 annuity increment, 3%, begins 

June 1, 2013 

REFUND $63.44 FOR 2006 ERRORS IN DEDUCTIONS AND $26,100.98 

SPOUSE CONTRIBUTIONS 

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MINIMUM FORMULA ANNUITIES: 

11971 AARON L. FINLEY, Firefighter, Truck 3, Occupational Disease Disability since 

January 16, 2005 


Ent. CFD: 03/01/1980 based on 75% 



COLLECT $172.12 FOR 2006 ERRORS IN DEDUCTIONS 

REFUND $26,503.35 SPOUSE CONTRIBUTIONS 

10603 CHARLES E. JAMES, Lieutenant, Engine 80, Occupational Disease Disability 

Since March 10, 2000 





13950 PATRICK M. RYAN, Lieutenant, Fire Prevention Bureau 


Ent. CFD: 11/01/1989 based on 57.5% 



12807 THOMAS E. SCHAEFER, Fire Engineer, Engine 92 





10743 JOHN C. STITZ, Fire Engineer, Engine 124, Duty Disability since April 24, 2008 


Ent. CFD: 10/16/1978 based on 75% 



REFUND $114.69 FOR 2011 ERRORS IN DEDUCTIONS 

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MINIMUM FORMULA ANNUITIES: 

On motion of Neely, second by Stewart, and by unanimous vote, the foregoing applications 

for minimum formula annuities accompanied by staff accountant's letters as to amounts and 

all necessary records were approved and granted to those applicants under provisions of the 

Code in the amounts and under the terms set forth. The vote was: 


Nays: None 

EARNED ANNUITIES: 

14503 MICHAEL R. LYMAN, Firefighter, Engine 92 

Born: 07/19/1957 $429.94 a month beginning May 10, 2012 

Ent. CFD: 12/01/1992 

Retired: 05/10/2012 

Resigned: 03/23/2006 

REFUND $87.63 FOR 2006 ERRORS IN DEDUCTIONS, $2,539.66 

FOR AUTOMATIC INCREASE RESERVE, $12,575.05 SPOUSE CONTRIBUTIONS 

14014 RONDALEA A. RHOADES, Paramedic In Charge, Ambulance 43 

Born: 06/03/1962 $854.88 a month beginning June 3, 2012 

Ent. CFD: 12/01/1989 

Retired: 06/03/2012 


REFUND $344.18 FOR 1999, 2000 AND 2007 ERRORS IN DEDUCTIONS, 

$3,375.29 FOR AUTOMATIC INCREASE RESERVE, $19,788.32 SPOUSE 

CONTRIBUTIONS 

On motion of Neely, second by Fabrizio, and by unanimous vote, the foregoing applications for 

earned annuities accompanied by staff accountant's letters as to amounts and all necessary 

records were approved and granted to those applicants under provisions of the Code in the 

amounts and under the terms set forth. The vote was: 


Nays: None 

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C. WIDOW’S AND CHILDREN’S ANNUITIES: 

9609 CAROL EARLEY, widow of William T. Earley, retired since November 27, 2002 


Ent. CFD: 02/16/1969 

Deceased: 04/30/2012 

7307 MARGARET HALLORAN, widow of John J. Halloran, retired since 

October 4, 1988 


Ent. CFD: 02/16/1956 


15242 CORINNE HOPKINS, widow of William J. Hopkins, EMT Fire Engineer, 

Engine 110 


Ent. CFD: 03/04/1997 

Deceased: 05/11/1012 

REFUND $483.52 FOR 2006 AND 2012 ERORRS IN DEDUCTIONS 

5652 LILLIAN KELSO, widow of Vernon T. Kelso, retired since June 18, 1984 

Born: 04/17/1927 $1,904.97 a month beginning April 28, 2012 

Ent. CFD: 06/16/1949 


6046 LORETTA P. O’MALLEY, widow of John E. O’Malley, retired since April 16, 1984 

Born: 12/24/1923 $2,253.35 a month beginning April 7, 2012 

Ent. CFD: 10/16/1951 


9023 ADELINE ROKICKI, widow of Robert A. Rokicki, retired since November 29, 1993 


Ent. CFD: 05/01/1966 


6231 BARBARA J. SCHAEFER, widow of Bert W. Schaefer, retired since 

February 6, 1978 


Ent. CFD: 11/16/1952 


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WIDOW’S AND CHILDREN’S ANNUITIES: 

8864 KAREN WEIDELL, widow of Jed E. Weidell, retired since November 18, 2000 


Ent. CFD: 07/16/1965 


On motion of Neely, second by Mendoza, and by unanimous vote, the foregoing applications 

for widows' and childrens' annuities accompanied by staff accountant's letters as to amounts 

and all necessary records were approved and granted to those applicants under provisions of 

the Code in the amounts and under the terms set forth. The vote was: 


Nays: None 

D. REFUND OF CONTRIBUTIONS: 

13843 JAMES A. BRIGHT, Lieutenant, District 3 

Born: 05/03/1964$157,613.07 Refund of Contributions 

Ent. CFD: 11/01/1989 


17921 DARNELL LEMON, Firefighter, Academy 

Born: (unavailable) $109.56 Refund of Contributions 

Ent. CFD: 03/23/2012 


16456 MARK D. SCANLON, Paramedic In Charge, Ambulance 41 

Born: 03/07/1970 $59,929.52 Refund of Contributions 

Ent. CFD: 11/03/2003 $52.65 Refund of 2006 Errors in Deductions 


On motion of Neely, second by Carlson and by unanimous vote, the foregoing refund of 

contributions were granted under provisions of the Code in the amounts and under the terms 

set forth. The vote was: 


Nays: None 

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REFUND OF UNPAID CONTRIBUTIONS IN ACCOUNT OF DECEASED 

FIREFIGHTER: 

12306 DEBRA M. BUGAJ-MOELLER, Paramedic In Charge, Ordinary Disability 

January 30, 1993-November 16, 1993 

Born: 02/27/1956 $15,971.84 to the Debra Bugaj-Moeller Trust 

Ent. CFD: 08/17/1981 


On motion of Martin, second by Stewart and by unanimous vote, the foregoing refund of 

unpaid contributions in accounts of deceased firefighters were granted under provisions of 

the Code in the amounts and under the terms set forth. The vote was: 


Nays: None 

E. DEATH BENEFITS: 

14619 ALLEN F. BOLLIN JR, Firefighter, Truck 25, Duty Disability since August 3, 1998 

Born: 01/13/1952 $7,600.00 to Margaret Andersen, sister 

Ent. CFD: 07/18/1994 


12069 JAMES M. BRADY, retired since March 8, 2009 

Born: 02/07/1958 $6,000.00 to Daniel Ryan Brady, son 

Ent. CFD: 02/01/1982 


9609 WILLIAM T. EARLEY, retired since November 27, 2002 

Born: 08/11/1942 $6,000.00 to Carol Earley, widow 

Ent. CFD: 02/16/1969 


8154 GEORGE W. GEMEIN, retired since June 26, 1993 

Born: 06/26/1930 $6,000.00 ½ each to Robin P. Adams and 

Ent. CFD: 03/13/1961 Jane Gemein, children 


7307 JOHN J. HALLORAN, retired since October 4, 1998 

Born: 04/14/1927 $6,000.00 to Margaret Halloran, widow 

Ent. CFD: 02/16/1956 


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DEATH BENEFITS: 

6270 RAYMOND M. HERRMANN, retired since February 19, 1976 

Born: 05/25/1920 $6,000.00 to Raymond Herrmann, Jr, son 

Ent. CFD: 02/16/1953 


15242 WILLIAM J. HOPKINS, EMT Fire Engineer, Engine 110 

Born: 11/23/1958 $10,400.00 to Corinne M. Hopkins, widow 

Ent. CFD: 03/04/1997 

Deceased: 05/11/1012 

5652 VERNON T. KELSO, retired since June 18, 1984 

Born: 04/17/1927 $6,000.00 to Lillian Kelso, widow 

Ent. CFD: 06/16/1949 


6046 JOHN E. O’MALLEY, retired since April 16, 1984 

Born: 12/24/1923 $6,000.00 to Loretta P. O’Malley, widow 

Ent. CFD: 10/16/1951 


10044 LAWRENCE J. PAVLIK, retired since January 19, 1992 

Born: 05/14/1940 $6,000.00 to Sharon Pavlik, widow 

Ent. CFD: 06/16/1971 


11691 ALEXANDER RAMOS, retired since November 3, 2004 

Born: 09/03/1944 $6,000.00 to Monique Ward, daughter and 

Ent. CFD: 02/19/1980 Personal Representative 


6231 BERT W. SCHAEFER, retired since February 6, 1978 

Born: 12/06/1924 $6,000.00 to Barbara Jean Schaefer, widow 

Ent. CFD: 11/16/1952 


9566 ROBERT L. STEVENS, retired since March 24, 1999 

Born: 05/26/1935 $6,000.00 to Mary M. Stevens, widow 

Ent. CFD: 11/01/1968 


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DEATH BENEFITS: 

5712 RICHARD G. WEILER, retired since July 7, 1980 

Born: 05/01/1927 $6,000.00 to Richard G. Weiler and Eva A. Weiler 

Ent. CFD: 03/16/1950 Living Trust 


On motion of Neely, second by Mendoza, and by unanimous vote, the foregoing ordinary 

death benefits were granted under provisions of the Code in the amounts and under the terms 

set forth. The vote was: 


Nays: None 

F. PARTIAL PAYMENTS: 

6401 DOROTHY CARROLL, widow, deceased April 9, 2012; $300.00 to 

William Carroll and Dorothy Carroll, Joint Trust 

7307 JOHN J. HALLORAN, retired, deceased May 2, 2012; $333.47 to 

Margaret Halloran, widow 

6270 RAYMOND M. HERRMANN, retired, deceased March 10, 2012; $546.71 to 

Raymond Herrmann Jr., son 

6046 JOHN E. O’MALLEY, retired, deceased April 6, 2012; $901.34 to 

Loretta P. O’ Malley, widow 

4781 ANNE M. PILAT, widow, deceased February 25, 2012; $931.37 to 

Patricia P. Hastings, Executor 

6231 BERT W. SCHAEFER, retired, deceased May 17, 2012; $967.05 to 

Barbara Jean Schaefer, widow 

9566 ROBERT L. STEVENS, retired, deceased May 21, 2012; $3,160.93 to 

Mary M. Stevens, widow 

5830 KATHERINE L. WEBSTER, widow, deceased April 2, 2012; $182.05 to 

Nickoli N. Scott, daughter 

5712 RICHARD G. WEILER, retired, deceased April 15, 2012; $1,131.19 to 

Richard G. Weiler and Eva A. Weiler Living Trust 

3837 WINIFRED A. ZURIS, widow, deceased May 1, 2012; $32.26 to 

Karen Hess, Daughter and Personal Representative 

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PARTIAL PAYMENTS: 

The foregoing pro rata payments on account of the death of annuitants, pensioners and 

beneficiaries on motion of Neely, second by Fabrizio, were granted under the provisions of the 

Code in the amounts and under the terms set forth. The vote was: 


Nays: None 

G. BENEFIT RECALCULATIONS: 

i. WITHHOLDING ORDERS: 

11282 MICHAEL R. HEISER, Duty Disability since March 1, 1991. Order 92 D 79236 

entered June 4, 2012 in the Circuit Court of Cook County terminates prior withholding for 

child support effective May 4, 2012. 

13271 STEVEN A. JOHNSON, Retired since April 3, 2007. Modification of Uniform Order 

for Support, 02 D 0392 entered June 5, 2012 reduces prior withholding for child support to 

$474.36 per month to be paid to the State Disbursement Unit on behalf of minor children 

Steven and Brittany. Order terminates May 31, 2013. 

13979 MARK A. WILSON, Retired since November 7, 2011. Income Withholding for 

Support dated May 16, 2012, Case No. CO2271685 requires monthly withholding in the 

amount of $970.00 per month to be paid to the State Disbursement Unit on behalf of minor 

child, Christopher Ford-Wilson. This includes $81.00 per month for arrearages totaling 

$3,125.69. 

On motion of Neely, second by Carlson, and by unanimous vote, the foregoing Benefit 

Recalculations were approved. The vote was: 


Nays: None 

ii. QILDRO ORDER: 

11971 AARON FINLEY, Minimum Formula Annuity beginning June 2, 2012 presented in 

this meeting. QILDRO Order 01 D 19487 entered November 20, 2002 requires monthly 

distribution to the alternate payee, Eleanor Finley, in the amount of $1,274,42 per month. 

This amount does not include future cost of living increases. 

On motion of Neely, second by Stewart, and by unanimous vote, the foregoing Benefit 

Recalculation was approved. The vote was: 


Nays: None 

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H. PAYMENTS PURSUANT TO COURT ORDER: 

Victoria Grosh, et al v. Firemen’s Annuity and Benefit Fund of Chicago, 10 CH 30386, 

Memorandum Opinion and Order entered May 17, 2012 requires the following distributions. 

7028 VICTORIA GROSH, Widow of Morris Grosh, deceased March 14, 1968. Payment of 

5% pre-judgment interest in the amount of $340,337.77 from date of the Tonkovic Decision 

(July 25, 1996) through dates of payment, January 31, 2006 (paid to Bertucci Decision) and 

October 31, 2010 (paid to date of death). 

8601 FLORENCE M. BUSCH, Widow of Louis F. Busch, Jr., deceased January 31, 1997. 

Payment of 6-140 widow’s benefits from members date of death, February 1, 1997 through 

widow’s date of death, February 5, 2011 in the amount of $485.992.44 and 5% prejudgment 

interest to May 16, 2012 in the amount of $179,835,39 for a total amount of 

$665,827.83 to be paid to the Estate of Florence M. Busch. 

On motion of Neely, second by Mendoza, the forgoing payments pursuant to court order were 

approved. The vote was: 


Nays: None 

I. REQUESTS FOR PERMISSION: 

i. GUARDIANSHIP: 

5191 MARY FREDA BY JOANN PIERSANTI, Guardian. Widow’s Annuity since April 13, 

1994. Letters of Office – Plenary Guardian of Estate of a Disabled Person 2004 P 003366 

entered in the Circuit Court of Cook County, April 20, 2005. 

7429 ARTHUR R. GAGNON BY JUANITA S. GAGNON, WIFE. Retired since November 

12, 1988. Power of Attorney and Doctor’s letter on file. 

8421 EUNICE M. JENSEN BY GARY W. JENSON, SON. Widow’s Annuity since February 

20, 1998. Power of Attorney and Doctor’s letter on file. 

5513 HELEN LEITZELL BY GINA BETTS, DAUGHTER. Widow’s Annuity since June 23, 

2006. Power of Attorney and Doctor’s letter on file. 

6781 IDAMARIE NOLAN BY CAROLYNN NOLAN, DAUGHTER. Widow’s Annuity since 

April 21, 2005. Power of Attorney and Doctor’s letter on file. 

8463 CAROL R. ROCHFORD BY KAREN COSTULAS, daughter. Widow’s Annuity since 

April 16, 2008. Power of Attorney and Doctor’s letter on file. 

The Secretary presented request for permission to receive, receipt for, endorse and cash 

monthly annuity payments on behalf of the foregoing annuitants, as they are no longer able to 

do so personally. Physician's statements confirming disability, Letters of Guardianship or 

Powers of Attorney accompanied the requests. On motion of Neely to grant guardianship, 

second by Fabrizio, and by unanimous vote, guardianship and conservatorship proceedings 

were waived under provisions of Illinois Compiled Statutes, 40 ILCS 5/6-213. The Secretary 

was directed to forward the monthly annuity checks to the guardian-in-fact until further action 

of the Board. The vote was: 


Nays: None 

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Trustee Martin entered the meeting and was granted leave to be added in the affirmative on 

previous rolls taken. 

REQUESTS FOR PERMISSION: 

ii. RESIDE OUT OF STATE: 

11766 JAMES T. WALSH, Duty Disability since November 16, 2011. 

On motion of Neely, second by Mendoza the following request for permission to reside out 

of state was approved. The vote was: 


Nays: None 

J. GIFT FUND: (INFORMATION ONLY) 

(See Gift Fund Addendum) 

K. REMOVALS: The following changes in the rolls of annuitants and beneficiaries 

since the last regular meeting were directed to be recorded: 

James J. Brody Annuity Died June 12, 2012 

Arthur R. Gagnon Annuity Died June 13, 2012 

Frank Kolozie Annuity Died June 11, 2012 

Wilson J. LaBrant Annuity Died June 01, 2012 

William M. Pallister Annuity Died June 10, 2012 

Lawrence J. Pavlik Annuity Died May 19, 2012 

Bert W. Schaefer Annuity Died May 17, 2012 

Robert L. Stevens Annuity Died May 21, 2012 

Henry J. Tholl Annuity Died June 07, 2012 

Nancy Fallaw Widow’s Annuity Died May 23, 2012 

Irene Kutzer Widow’s Annuity Died May 07, 2012 

Geraldine Lewis Widow’s Annuity Died May 23, 2012 

Darlene E. McHugh Widow’s Annuity Died June 03, 2012 

Margaret M. Pedersen Widow’s Annuity Died May 28, 2012 

Quiana H. Horton Child’s Disability Benefit Age 18 on June 19, 2012 

On motion of Martin, seconded by Mendoza, the foregoing removals were accepted. The vote 

was: 


Nays: None 

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L. EXPENDITURES: 

i. INVOICES PAID - BUDGETED OPERATING EXPENSES REQUIRING 

IMMEDIATE PAYMENT: (INFORMATION ONLY) 

(See Expenditure Addendum) 

ii. INVOICES PRESENTED FOR PAYMENT - BUDGETED OPERATING 

EXPENSES: 

(See Expenditure Addendum) 

On motion of Martin, seconded by Shanahan, to pay the foregoing invoices presented for 

payment of budgeted operating expenses. The vote was: 


Nays: None 

iii. REQUEST FOR EXPENDITURES: (NONE) 

iv. REQUEST FOR TRUSTEE TRAVEL: (NONE) 

v. PHONE POLL: (NONE) 

Trustee Ahmad entered the meeting and was granted leave to be added in the affirmative on 

previous rolls taken. 

M. EXECUTIVE DIRECTOR’S REPORT: 

i. MONTHLY REPORT: 

ii. 2012 EXPENDITURES TO DATE: (INFORMATION ONLY) 

iii. 2012 FUNDING RESOLUTION FOR 2013: 

Defer 2012 Funding Resolution to the July 18, 2012 meeting. 

iv. LEWIS MATTER COMMUNICATION: 

v. FIDUCIARY INSURANCE RENEWAL – MESIROW: 

On motion of Martin, seconded by Carlson to spread the Executive Director’s Report upon the 

record. The vote was: 


Nays: None 

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EXECUTIVE DIRECTOR’S REPORT: 

On motion of Martin, second by Carlson to approve the letter of request to the City to be sent 

once a meeting between the City, the Fund’s counsel and Fund staff is held. The vote was: 


Nays: None 

v. FIDUCIARY INSURANCE RENEWAL – MESIROW: 

Craig Goesel and Tim Bowen of Mesirow were present to review the Fiduciary Insurance 

Renewal options. 

On motion of Martin, second by Fabrizio to approve Option 1 for renewal of the fiduciary 

liability insurance with represents a $4,000 decrease from last year’s premium rate. The vote 

was: 


Nays: None 

On motion of Martin, second by Carlson to request that the Fund look into an additional 

program coving an investigation, possibly a rider to our current policy and reply back to the 

Board regarding costs. The vote was: 


Nays: None 

3. COMMITTEE ITEMS TO BE DISCUSSED BY THE BOARD: 

B. LEGAL: 

i. LEGAL STATUS: 

ii. KORSHAK COMMUNICATION: 

iii. RESPONSE CONCERNING FUNDING INQUIRIES: 

On motion of Martin, second by Ahmad to go into executive session as allowed under 5 ILCS 

120/2 (c)11. The vote was: 


Nays: None 

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COMMITTEE ITEMS TO BE DISCUSSED BY THE BOARD: 

LEGAL: 

Out of executive session the following motion was made. 

On motion of Martin, second by Fabrizio to authorize the Fund’s Investment Officer, Michael 

Moran, due to his expertise and knowledge of the current funding situation facing the Fund, to 

provide otherwise public data and technical assistance to the City and/or Local 2 or their 

representatives in connection with their ongoing labor negotiations. Provided, however, that 

Mr. Moran should receive no compensation from any such outside source for such assistance. 

The vote was: 

Yeas: Ahmad, Carlson, Fabrizio, Martin, Shanahan, Stewart 

Nays: Mendoza, Neely 

Trustee Martin left the meeting. 

5 HEARINGS: 

A. OCCUPATIONAL DISEASE DISABILITY APPLICATIONS: 

The Secretary presented the application for occupational disease benefits made to and sworn 

by: 

14226 THOMAS E. MISIEWICZ, Captain Paramedic, Fire Prevention Bureau – West 

Born: 10/19/1962 

Ent. CFD: 12/03/2990 

and witnessed in the office of the Fund, accompanied by staff accountant's letter as to 

amounts and all necessary records. Applicant had been examined in the office of the Fund by 

the Board's physician. After reviewing the relevant records, a hearing having been held and 

after due deliberation, on motion of Neely, seconded by Mendoza to grant occupational 

disease disability benefits. 

By roll call vote, occupational disease disability benefits were granted pursuant to Illinois 

Compiled Statutes, 40 ILCS 5/6-151.1 and the express findings of the Board, in the amount 

of $6,708.21 a month and $30.00 a month each for minor children Faith and Rose beginning 

May 31, 2012, the day of removal from the Fire Department payroll and no longer receiving 

salary. The vote was: 

Yeas: Ahmad, Carlson, Fabrizio, Mendoza, Neely, Shanahan, Stewart 

Nays: None 

Not Present: Martin 

On motion of Neely, second by Fabrizio to schedule a reexamination of Mr. Misiewicz’s 

disability status consistent with the Board’s policy. The vote was: 


Nays: None 


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HEARINGS: 

OCCUPATIONAL DISEASE DISABILITY APPLICATIONS: 

The Secretary presented the application for occupational disease benefits made to and sworn 

by: 

11788 RICHARD ZYSKO, Lieutenant, Truck 55 

Born: 10/12/1958 

Ent. CFD: 02/19/1980 

and witnessed in the office of the Fund, accompanied by staff accountant's letter as to 

amounts and all necessary records. Applicant had been examined in the office of the Fund by 

the Board's physician. After reviewing the relevant records, a hearing having been held and 

after due deliberation, on motion of Neely, seconded by Mendoza to grant occupational 

disease disability benefits. 

By occupational disease disability benefits were granted pursuant to Illinois Compiled Statutes, 

40 ILCS 5/6-151.1 and the express findings of the Board, in the amount of $5,752.39 a 

month beginning May 6, 2012, the day of removal from the Fire Department payroll and no 

longer receiving salary. The vote was: 


Nays: None 


On motion of Neely, second by Fabrizio to schedule a reexamination of Mr. Zysko’s disability 

status consistent with the Board’s policy. The vote was: 


Nays: None 


3. COMMITTEE ITEMS TO BE DISCUSSED BY THE BOARD: 

A. INVESTMENT: 

i. CALLAN ASSOCIATES 1 ST QUARTER 2012 REVIEW: 

ii. NORTHERN TRUST PERFORMANCE FLASH: MAY 2012 

iii. STATEMENT OF ASSET ALLOCATION: JUNE 18, 2012 

iv. CASH NEEDS: JUNE 2012 

v. TARGET BROKERS: MAY 2012: 

- 15 -



COMMITTEE ITEMS TO BE DISCUSSED BY THE BOARD: 

INVESTMENT: 

vi. CAPITAL CALLS 

vii. INVESTMENT ADVISOR UPDATES 

ADAMS STREET PARTNERS 

WILLIAM BLAIR 

NORTHERN TRUST 

POMONA CAPITAL 

viii.ROADMAP: 

ix. INVESTMENT GUIDELINE REVISION: 

LOOMIS SAYLES 

WESTERN ASSET 

x. SEARCH FOR INVESTMENT ADVISERS: 

On motion of Ahmad, second by Mendoza to go into executive session as allowed under 5 

ILCS 120/2 (c) 7. The vote was: 


Nays: None 

Out of executive session the following motion was made. 

On motion of Neely, second by Ahmad to amend the RFP Procurement Process under the 

category of managed assets to candidates with a minimum of 200M for all RFPs. The vote 

was: 

Yeas: Ahmad, Stewart, Mendoza, Neely 

Nays: Carlson, Shanahan, Fabrizio 


Motion passes 

On motion of Neely, second by Ahmad to prioritize consideration for the RFPs going out as 

follows; 1) Enhanced Cash – Short Term Bond, 2) Fixed Foreign Currency and 3) Large Cap 

Growth. The vote was: 


Nays: None 

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4 BOARD PHYSICIAN REVIEWS OF DISABILITY RECIPIENTS: 

(See Re-Examination Addendum - April, 2012 and May 2012 Reexams) 

On motion of Neely, second by Carlson to approve the Board Physician’s recommendations for 

reexamination scheduling. The vote was: 


Nays: None 

6. MISCELLANEOUS: 

A. NON-COMPLICANCE OF 6-154: 

On motion of Neely, second by Ahmad to suspend disability benefits of Michael Noonan 

pending a hearing on his non-compliance of the Fund’s requirements. The vote was: 


Nays: None 

There being no further business to discuss the meeting was adjourned. 

- 17 -

minutes regular meeting no. 978 june 20, 2012 - FABF

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