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Concord, MA Public Access TV

WIQH 88.3FM


 
Concord Retirement Board (A)
Tuesday, November 27, 2012 at 8:30 AM
22 Monumnet Square, Selectmen's Room
Concord Retirement Board AGENDA
November 27, 2012 at 8:30 a.m.
Town House, 22 Monument Square, Concord MA

1.      Approval of Minutes – October 26, 2012

2.      Approval of Payroll:
        Pension         $  403,878.06                           
        Annuity                 $    77,583.26                  
        Total Payroll:          $  481,461.32

3.      Approval of Expenses (estimated at:  $40,705.55)

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
        Theresa Bertolami               School          CPS                     Tutor                   10/29/2012      1
        Soumia Chniouli         School          Transportation          Bus Driver              10/15/2012      1
        Abraham Osorio          School          CPS                     METCO Bus Monitor       09/20/2012      1

6.      New Retirements:
        Name                     Unit            Department             Position                Retirement Date          Service
        None
        
7.      Refunds/Rollovers:
        Name                            Unit            Department              Position                        Amount          Service 
        Nicole Bickford         School          Transportation          Bus Driver                      $3,411.36               1.6667          
        To IRS:  $   852.84

8.      Transfers to other Systems
        Name                    Unit            Department              Position                        Amount          Service 
        None

9.      Deaths:
        Dorothy Henry – born September 26, 1926.  Dorothy became a member of the Concord Retirement System on January 1, 1968 when she was hired as a Circulation Assistant with the Concord            Public Library.  After more than 20 years of service to the community, Dorothy retired on October 23, 1987.  She passed away on November 10, 2012 at the age of 86.

10.     Other Business – Review of Correspondence & Other Documents:

•       Frank Russell Investment Review – Glenn Harris
•       Asset Allocation and Market Values @ October 31, 2012 Report
•       PRIT Private Equity (VY 2013) Commitment Deadline – 12/31/2012
•       Notice of Election of Benefits pursuant to G.L. c. 32 section 12(2)(d) – Lynne Garafola
•       Request to purchase creditable service – Linda Mayer
•       PERAC Memo #3/2010 –  Reimbursing Employers for Costs Incurred Due to Board Members’ Service on Retirement Boards
•       Discussion – Index Funds vs. Managed Funds
•       PERAC Memo #52/2012 – Education Reminder (18hours of training during each member’s term)

11.     Adjournment - Next board meeting: Friday, December 21, 2012


 
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