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Concord Retirement Board (A)
Tuesday, January 29, 2013 at 8:30 AM
Town House, 22 Monument Sq., Selectmen's Room
Concord Retirement Board
AGENDA
January 29, 2013 Selectmen’s Room - 8:30 am
Town House, 22 Monument Square, Concord MA



1.      Approval of Minutes – December 21, 2012

2.      Approval of January 31, 2013 Payroll:                   Revised December 2012 Retiree Payroll:

        Pension         $404,318.97                             Pension         $401,586.67                             
        Annuity                 $  78,154.12                            Annuity                 $  77,214.13
        Total Payroll:          $ 482,473.09                            Total Payroll:                  $ 478,801.00

3.      Approval of Expenses (estimated at $68,839.41); Approval of 3(8)(c) reimbursements:  $45,802.97; Total:  $114,642.38

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
        Matthew MacKenzie       School          CCRSD                   Library Media Tech.             12/03/2012              1
        Eric Paul               School          Transportation          Bus Driver                      12/17/2012              1
        Colleen Moynihan        School          CPS                     Kindergarten Assist.            01/02/2013              1
        Veronica Voner  School          CPS                     Kindergarten Assist.            01/02/2013              1
        Elizabeth O’Neill       School          CPS                     Kindergarten Assist.            01/02/2013              1
        Tyler Berry             Town            Beede                   Swim/Fitness Spec.              01/01/2013              1
        Joyce McSweeney Town            COA                     Outreach Coordinator            01/28/2013              1
        Paul  Farmer            School          Transportation          Bus Driver                      01/09/2013              1
        Andrea Henry            School          CPS                     SPED Tutor                      01/16/2013              1
        Theresa Rose            School          Transportation          Bus Driver                      01/14/2013              1


6.      New Retirements:
        Name                     Unit            Department              Position               Retirement Date          Service
        None
        
7.      Refunds/Rollovers:
        Name                    Unit            Department              Position                        Amount          Service 
        None

8.      Transfers to other Systems
        Name                    Unit            Department              Position                        Amount          Service 
        None    
        
9.      Other Business – Review of Correspondence & Other Documents:
•       Asset Allocation and Market Values Report at 12/31/2012
•       Board Meeting Schedule
•       PERAC Memo #58/2012 – Mandatory Retirement Board Member Training – 1st Quarter 2013
•       PERAC Memo #59/2012 - Updated 91A Earned Income Worksheet and Change in Public Employment Earnings for Disabled Retirees
•       PERAC Memo #60/2012 – 840 CMR 10:10(3) & 10:15(4) – Annual Review of Medical Testing Fee
•       PERAC Memo #1/2013 – 2013 Limits under Chapter 46 of the Acts of 2002
•       PERAC Memo #2/2013 – 2013 Limits under Section 23 of Chapter 131 of the Acts of 2010
•       PERAC Memo #3/2013 – COLA Notice
•       PERAC Memo #4/2013 – Buyback and Make-up Repayment Worksheets Using Buyback Interest
•       PERAC Memo #5/2013 – Chapter 176 of the Acts of 2011, A & F Study
•       PERAC Memo #6/2013 – Preparation of the Annual Statement Classes
•       PERAC Memo #7/2013 – Follow-up to PERAC Memo #4/2013
•       PERAC Memo #8/2013 – On-line Training for Educational Credit
•       PERAC Memo #9/2013 – 2013 Interest Rate set at 0.1%
•       PERAC Memo #10/2013 – Actuarial Data
•       Creditable Service – Buyback request Penny Rodday


10.     Adjournment - Next board meeting: to be determined


 
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