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The board approved a $9,234 fiduciary liability insurance renewal, accepted $29,347.29 in quarterly disbursements, and approved two contribution refunds totaling $11,634.29.
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The Vernon Hills Police Pension Board approved routine financial and administrative items that affect the pension fund’s operations and member accounts. It also approved 2026 cost-of-living adjustments for pensioners, which are the annual inflation-based increases required by law. The board reviewed investment results, trust assets of $87,219,379.10 as of January 31, 2026, and noted upcoming trustee election and reappointment steps for May 2026.
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