League of Women Voters of Cook County
  • Home
  • About
    • LWVCC Interest Groups >
      • Cook County & MWRD Group
      • Criminal Justice
      • Cook County Health
      • Forest Preserve Interest Group
    • LWVCC Positions
    • LWVCC Action and Testimony
    • LWVCC Activities
    • Archived Newsletters
  • Observer Reports
    • Cook County Board Observer Reports
    • MWRD Board Observer Reports
    • CCH Board Observer Reports
    • Forest Preserve Board Observer Reports
  • Voter Info
  • Cook County Gov. Contacts
    • Cook County Board
    • Forest Preserve Board
    • Cook County Elected Officials
    • MWRD Board
    • Cook County Health Board

MWRD Board Receives Positive Report On Retirement Fund

9/6/2021

0 Comments

 
Metropolitan Water Reclamation District (MWRD) Board Meeting - September 2, 2021

All Items were approved, except for Agenda Item #63, which was deleted (see below for more info on that item).  

Board Highlights:

2020 Report of the Retirement Fund presented by the Fund Executive Director, Jim Mohler (Agenda Item 54, File # 21-0769)
  • The presentation for the year ending Dec. 31, 2020 was delayed until now due to COVID.
  • Actuarial and Market values of assets were at record highs of $1.56B and $1.588B, respectively.
  • Actuarial fund ratio had jumped to 57.3% from 55.9% in 2019 and 50.4% in 2010.  
  • Net pension liability dropped by $123M over the last 2 years.
  • Fund Net Rate of Return exceeded Actuarial Assumed Rate of Return.
  • Investment management fees reduced by over 10%.
  • The additional contributions over the actuarial determined contribution that have been approved by the Board have had positive benefits.
  • Going forward, need to keep an eye on deficits of cash flows (more money being paid out than contributions).  For 2021, deficit is projected at $81M, about 5%.  However, expected rate of return is higher (7.25% actuarial).  Problem when the deficit percentage exceeds the rate of return.
Stormwater Management
  • A representative from a citizens’ group called “Dry Up LaGrange” spoke during public comments asking for help from the MWRD in dealing with flooding problems on the south side of LaGrange.  The group and village officials have met with several Commissioners and staff, as well as their U.S. Representative, State Senator and Representatives, and Cook County officials.  There are several proposed projects which need funding.  There is a lawsuit against the owner of a quarry in McCook which some believe is the cause of the flooding.  The group would also like to send the village’s combined sewage and stormwater into the Deep Tunnel.  President Steele said that the MWRD will continue to meet with both the village and the group and look for ways the MWRD can be of help.
  • In response to a question from Comm. Davis regarding an intergovernmental agreement with Berwyn to help fund green alley improvements, staff said that the MWRD continues to inspect the infrastructure at least yearly – in perpetuity – even though the other entity is obligated to do the on-going maintenance.  (Agenda Item 58, File # 21-0759)
Affirmative Action
  • With regard to two proposals to advertise “furnish and deliver” contracts for unleaded gasoline and diesel fuel, Comm. Garcia asked for an update of the disparity study.  Executive Director Perkovich said that last update he had was by the end of September.  Comm. Garcia and others think that at least some of these “furnish and deliver” contracts should have affirmative action goals.  Currently, these types of contracts are exempt from such requirements.  (Agenda Items 19 & 20, File # 21-0765 and 21-0766)
Settlement with two persons (not MWRD employees) for injuries stemming from the 2018 explosion at the Calumet Water Reclamation Plant (Agenda Item #52, File # 21-0782)
  • Comm. Shore stated she supported the settlement, but asked about where things stood with the MWRD employee who was severely injured.  Exec. Director Perkovich confirmed that that was being handled through a workers’ compensation claim.
  • The total amounts to be paid to the two non-employee claimants are $5.6M and $500,000 (for a total of $6.1M).  The MWRD will expend $1.12M, which is the remaining self-insurance amount, while the district’s excess casualty insurance company will pay the rest.

What to watch for:
 
Proposed change to the Board Rules to allow for Members to participate remotely
  • After questions and discussion, this item was deleted to allow time for Commissioner input and possible revisions. (Agenda Item #63, File # 21-0795).  
  • The General Counsel explained that under the Open Meetings Act, entities may provide for members to participate remotely (video or audio calls) as long as there is a quorum physically present.  In the case of the Board, a quorum is 5, meaning that up to 4 members could be allowed to participate remotely.
  • As proposed, and consistent with the language of the Open Meetings Act, a member unable to participate due to personal illness or disability, business of the MWRD, or a family or other emergency, could request to participate remotely by submitting such request via email by 9 am of the day of the meeting to the President and Clerk.  The Board would then vote at the beginning of the meeting whether to grant that request.
  • Comm. Garcia and others questioned why the proposed change submitted only allowed for remote participation at Regular Board meetings, and not Special meetings, Executive sessions, Committee meetings, or Study sessions.  Comm. Shore and President Steele both supported at least excluding Executive Sessions.  Comm. Shore was concerned whether the District could be assured an Executive Session was truly confidential if someone was participating remotely.
  • Comm. Davis suggested that the MWRD may want to talk to Illinois legislators about further amending the Open Meetings Act to allow more opportunities to have remote participation, citing the example of a snow storm, given the successful experience of holding remote meetings over the last year due to COVID.

Length of meeting:  2 hours and 45 minutes (with a 45-minute Executive Session at 1 hour and 55 minutes into the meeting)

Observer:  Priscilla Mims 
0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Author

    Individual authors are credited at the end of each report.

    Archives

    March 2023
    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    June 2016
    May 2016
    April 2016
    February 2016
    January 2016
    December 2015

    Categories

    All
    Affirmative Action Plan
    Bio Gas Production
    Bio-gas Production
    Bio Solids
    Bio-solids
    Bonds
    Budget
    Contracts
    Environmental Cleanup
    Ethics
    Flood Control
    Independent Inspector General MWRD
    Metropolitan Water Reclamation District
    MWRD
    Nutrient Trading
    Odor Control
    Pensions
    Prescription Drug Disposal
    Public Comments
    Rain Barrels
    Real Estate Issues
    Storm Water Management
    Taxes
    Tree Planting
    Water Quality
    Watershed Management

    RSS Feed

LEAGUE OF WOMEN VOTERS OF COOK COUNTY
332 S. Michigan Ave., Suite 634
Chicago, IL 60604

312/939-5935 x 127
info@lwvcookcounty.org
Terms and Conditions of Use
© Copyright League of Women Voters of Cook County, Illinois. All rights reserved.
Membership Information
CONTACT US
  • Home
  • About
    • LWVCC Interest Groups >
      • Cook County & MWRD Group
      • Criminal Justice
      • Cook County Health
      • Forest Preserve Interest Group
    • LWVCC Positions
    • LWVCC Action and Testimony
    • LWVCC Activities
    • Archived Newsletters
  • Observer Reports
    • Cook County Board Observer Reports
    • MWRD Board Observer Reports
    • CCH Board Observer Reports
    • Forest Preserve Board Observer Reports
  • Voter Info
  • Cook County Gov. Contacts
    • Cook County Board
    • Forest Preserve Board
    • Cook County Elected Officials
    • MWRD Board
    • Cook County Health Board