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WIQH 88.3FM


 
Concord Retirement Board (A)
Friday, December 21, 2012 at 8:30 AM
Town House, 22 Monument Square
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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