Concord Retirement Board AGENDA
October 26, 2012 Selectmen’s Room - 8:30 am
Town House, 22 Monument Square, Concord MA
1. Approval of Minutes – September 25, 2012
2. Approval of Payroll:
Pension $403,211.35
Annuity $ 77,435.50
Total Payroll: $480,646.85
3. Approval of Expenses (estimated at $30,619.31)
4. Report of Investment Transactions since last meeting (itemized transactions available for viewing in the Concord Retirement Office)
5. New Members
Name Unit Department Position Hire Date Group
Sidonie Blackett School CPS Kindergarten Assist. 09/04/2012 1
Melinda Kuong Town Plan./Land Mgt. Admin. Assistant 10/29/2012 1
Saintelais Elisnord School Transportation Bus Driver 10/01/2012 1
6. New Retirements:
Name Unit Department Position Retirement Date Service
None
7. Refunds/Rollovers:
Name Unit Department Position Amount Service
Jose R. Ramos School Transportation Bus Driver $10,759.10 5.3333
Direct Rollover to Bank of America – no federal tax withholding
Samantha A. Baker School Transportation Transportation Coord. $14,753.75 2.0833
Direct Rollover to Vanguard – no federal tax withholding
8. Transfers to other Systems
Name Unit Department Position Amount Service
Jo-Ann Sutherland School CCRSD Cafeteria Worker $ 2,767.84 4.1667
Jennifer Patterson School CPS SPED Tutor $11,074.90 4.1667
John Alden Cadwell School CCRSD/CPS Dir. Food/Nutrition $ 9,304.88 1.2500
David J. Slater School CPS SPED Tutor $ 2,792.49 0.7500
9. Deaths:
Gary A. Garafola – born November 29, 1954. Gary became a member of the Concord Retirement System on August 21, 2007 when he was hired by the Concord Public Schools and Concord-Carlisle Regional School District as a school bus driver. Gary died on September 22, 2012 after being struck by a car. He was 57 years old at the time of his death.
10. Other Business – Review of Correspondence & Other Documents:
• PRIT Fund investment review – Paul Todisco
• Adopt Funding Schedule – page 14 of the January 1, 2012 Actuarial Valuation
• Asset allocation and market values report at September 30, 2012
• 2013 Proposed Budget
• PERAC Memo #47/2012 – Mandatory Retirement Board Member Training – Quarterly Update
• PERAC Memo #48/2012 – Appropriation Data Due October 31, 2012
• PERAC Memo #49/2012 – Investments Under Chapter 176 of the Acts of 2011 - #2
• PERAC Memo #50/2012 – tobacco Company List
• 3(8)(c) Liability – John Field
11. Adjournment - Next board meeting: Tuesday, November 27, 2012
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