Details Meeting Name: Pension Committee Agenda status: Final Meeting date/time: 11/14/2017 12:45 PM Minutes status: Final   Meeting location: Cook County Building, Board Room, 118 North Clark Street, Chicago, Illinois Published agenda: Agenda Published minutes: Minutes   Meeting video: Video   Attachments: Proposed substitute to 16-3195.pdf, Cook County Pension Fund Pension Committee Presentation 2017.11.14.pdf, Publc Comments from Pension Committee Meeting - 11-14-2017.pdf Meeting Items (3) 3 records Group Clear sorting Clear grouping Group by Type Group by Result Export Export to Excel Export to PDF Export to Word Show: Legislation only Legislation only All agenda items File # Ver. Agenda # Name Type Title Motion Result Action Details Video 17-6210 1   Pension Committee minutes from the meeting of 10/26/2017 Committee Minutes COMMITTEE MINUTES Approval of the minutes from the meeting of 10/26/2016 approve Pass Action details Video 16-3195 1   CALLING A PENSION COMMITTEE MEETING TO DISCUSS THE FISCAL YEAR 2015 ACTUARIAL VALUATION REPORTS FOR THE COOK COUNTY AND FOREST PRESERVE EMPLOYEES’ AND OFFICERS’ ANNUITY AND BENEFIT FUNDS; AN UPDATE ON THE IMPACT OF RECENT SUPREME COURT DECISIONS ON PENSIO Resolution PROPOSED SUBSTITUTE TO ITEM 16-3195 (Pension Committee 11/14/2017) PROPOSED RESOLUTION CALLING A PENSION COMMITTEE MEETING 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 will highlight the funded status and total unfunded pension liability each year; and, WHEREAS, in 2015 the Cook County Board passed an increase in the Cook County Sales Tax with the intent to devote “90% of the funding to paying down the pension and the remaining 10% to debt service and infrastructure investments,” based on an alternative proposed pension funding schedule; and, WHEREAS, the Illinois Supreme Court issued opinions regarding pension reform legislation in Illinois that may impact the Cook County Employees’ Annuity and Benefit Fund and the Forest Preserve District Employees’ Annuity and Benefit Fund of Cook County. THEREFORE, BE IT RESOLVED, the Cook County Pension Committ accept as substituted Pass Action details Video 16-3195 1   CALLING A PENSION COMMITTEE MEETING TO DISCUSS THE FISCAL YEAR 2015 ACTUARIAL VALUATION REPORTS FOR THE COOK COUNTY AND FOREST PRESERVE EMPLOYEES’ AND OFFICERS’ ANNUITY AND BENEFIT FUNDS; AN UPDATE ON THE IMPACT OF RECENT SUPREME COURT DECISIONS ON PENSIO Resolution PROPOSED SUBSTITUTE TO ITEM 16-3195 (Pension Committee 11/14/2017) PROPOSED RESOLUTION CALLING A PENSION COMMITTEE MEETING 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 will highlight the funded status and total unfunded pension liability each year; and, WHEREAS, in 2015 the Cook County Board passed an increase in the Cook County Sales Tax with the intent to devote “90% of the funding to paying down the pension and the remaining 10% to debt service and infrastructure investments,” based on an alternative proposed pension funding schedule; and, WHEREAS, the Illinois Supreme Court issued opinions regarding pension reform legislation in Illinois that may impact the Cook County Employees’ Annuity and Benefit Fund and the Forest Preserve District Employees’ Annuity and Benefit Fund of Cook County. THEREFORE, BE IT RESOLVED, the Cook County Pension Committ recommend for approval as substituted Pass Action details Video