Concord Retirement Board
Friday, December 21, 2012
Town House, 22 Monument Square
Selectmen’s Room – 8:30 am
AGENDA
1. Approval of Minutes – November 27, 2012
2. Approval of December 2012 Retiree Payroll –
Pension $401,766.40
Annuity $ 77,242.38
Total Payroll: $479,008.78
3. Approval of Expenses: (Estimated at $30,010.56)
ADP, Inc. Invoice #414840659 & 415639212 $1,193.50
MACRS, Inc. 2013 Board Member Dues $ 400.00
Bank of America Analysis Invoice #12110105030 $ 452.32
Stone Consulting, Inc Actuarial Consulting Services October – November 2012 $ 500.00
Town of Concord Reimbursement monthly tele. chg. Nov./ Temp. Staff 11/21 – 12/14/12 $2,871.97
Town of Concord Quarterly reimbursement (October 1, 2012 – December 31, 2012)
Salary – Retirement Administrator: $13,220.36
Benefits: $ 2,942.15
Medicare Tax: $ 191.89
Subtotal: $ 19,802.47
Town Services: $ 4,790.30
Total: $ 24,592.77 $24,592.77
Total Expenses: $30,010.56
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
NONE
6. New Retirements
Name Unit Department Position Retirement Date Service
Kathie Henry School CPS/CCRSD Tutor 01/01/2013 17.3333
Robert Wheeler School Transportation Bus Driver 01/02/2013 27.3333
7. Refunds/Rollovers
Name Unit Department Position Amount Service
NONE
8. Transfers to other Systems
Name Unit Department Position Amount Service
NONE
9. Deaths:
Mary Carey – born on March 12, 1920, Mary became a member of the Concord Retirement System on April 8, 1974 when she was hired by the Concord Public Schools as a Secretary/Personnel Assistant. Mary retired on October 25, 1988 after 15 years of service to the Concord and Concord-Carlisle school communities. Mary passed away on November 25, 2012 at the age of 92.
10. Other business – Review of Correspondence & Other Documents
Asset Allocation and Market Values Report at November 30, 2012
2013 Retirement Board Schedule
Final Vote on 2013 Proposed Budget
Appointment of 5th Member
PERAC Memo #53/2012 – Age 70 ½ Distribution
PERAC Memo #54/2012 – Annual Disclosure Forms
PERAC Memo #55/2012 - Government Plan Alerts – Ice Miller guidance
PERAC Memo #56/2012 – Tobacco Company List
PERAC Memo #57/2012 – 2012 Disability Retiree Data
11. Adjournment – Next Board Meeting – January 2013
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