Friday, July 27 Retirement Board Meeting Agenda
Section I: Regular Business:
Minutes:
Minutes of June 22, 2018 Regular Meeting
Warrants:
Warrant #5 Dated May 31, 2018 $ 3,422,741.10 Final
Warrant #6 Dated June 30, 2018 $ 1,849,408.16 Partial
Warrant #7 Dated July 31, 2018 $ 3,220,527.23 Partial
Warrant #8 Dated August 31, 2018 $ 3,168,997.34 Partial
Trial Balance as of May 31, 2018 $ 171,950,681.38
Public Comment:
New/Old Business:
PERAC Emerging Issues Forum:
PERAC will host its annual Emerging Issues Forum at the College of the Holy Cross, on September 13, 2018. Board vote for attendance.
Independent Audit:
Board to review draft copy financial statements for year ended December 31, 2017, prepared by Powers & Sullivan.
PERAC MEMOS:
Memo #19/2018: Tobacco Company List
Memo #20/2018: PROSPER and Compliance with the 91A Process
Memo #21/2018: Mandatory Retirement Board Member Training – 3rd Quarter 2018
Investments:
Anthony Tranghese of FIA will discuss:
Investment portfolio reviews
Update on the asset allocation and performance
Section II: Membership:
New Hires:
Town:
9% Anderson, Connor, Group 1, Records Access Officer/Archivist
Perm. Full-time: $1,042.99 weekly
Start Date: July 9, 2018
9% Baldassini, Daniel, Group 1, Dispatcher
Perm. Full-time: $783.23 weekly
Start Date: July 1, 2018
9% Dwyer, Amy, Group 1, Internal Auditor – Finance
Perm. Full-time: $1,098.68 weekly
Start Date: June 11, 2018
9% Savery, Dawn, Group 1, Dispatcher
Perm. Full-time: $ 783.23 weekly
Start Date: August 1, 2018
School:
9% Dowling, Donald, Group 1, Custodian
Perm. Full-time: $1,560.15 bi-weekly
Start Date: July 9, 2018
9% Sutherland, Brian, Group 1, Custodian
Perm. Full-time: $1,560.15 bi-weekly
Start Date: July 9, 2018
Refunds:
Town:
Hickey, Kevin, Group 1, Custodian
Two (2) Years, Nine (9) Months Creditable Service (8/10/2015-6/8/2018)
Total Refund Including FWT: $11,299.51
Retirements:
Town:
DaCosta, Gerald, Group 1, Special Heavy Motor Equip Operator
14 years, 2 months creditable service
Superannuation retirement, opt a
Retirement date: July 13, 2018
School:
Silva, Robert W., Group 1, Maintenance Worker
Thirty -Six (36) Years Creditable Service
Superannuation retirement, opt c
Retirement Date: July 12, 2018
Section 101 Survivor Benefits:
Mary Diodato, spouse of deceased ADR, opt b retiree Richard Diodato. Mr. Diodato retired 6/17/1972. Mr. Diodato retired under ADR before 1996, therefore, Mrs. Diodato is eligible to receive a Section 101 survivor benefit of $9,000 per year.
Katherine Turner, spouse of deceased ADR, opt b retiree Robert Turner. Mr. Turner retired 5/31/1982. Mr. Turner retired under ADR before 1996, therefore Mrs. Turner is eligible to receive a Section 101 survivor benefit of $9,000 per year.
Executive Session:
Pursuant to MGL Chapter 30A, Section 21 (a)(3), the Board will enter into executive session to discuss ongoing litigation.
Next Meeting: