Description
Pursuant to Chapter 2 of the Acts of 2023 adopted by Massachusetts General Court and approved by the Governor, the Cambridge Retirement System is authorized to use remote participation at meetings of the Board. This will be a hybrid meeting, held in-person at 125 CambridgePark Drive and also via videoconference. The link to join the videoconference is: https://zoom.us/j/3881768511?pwd=RWkrVmRJMnhEM0pKS0xwckFFdnlNdz09
Cambridge Retirement Board Meeting
Sheila Tobin Conference Room
125 CambridgePark Drive, Suite 104
Cambridge, MA 02141
Monday, 2/10/2025 11:00 AM - 4:00 PM ET
- Minutes
Vote to consider the regular minutes of the meeting held on January 13, 2025.
Vote to consider the executive session minutes of the meeting held on January 13, 2025.
- Warrants
Vote to consider payment of warrant #2 in the amount of $9,714,796.33 and warrant #3 in the amount of $344,299.75.
- Superannuations
Vote to consider the Superannuation retirement applications submitted by:
Jose Aponte, Mechanic, Cambridge Housing Authority with twenty-one years, eleven months;
Joanne Bosco, Medical Technologist, Cambridge Health Alliance with thirty-five years, five months;
Thomas Glynn, Lieutenant, Police Dept. with thirty-one years;
Thomas Maldonado, Sergeant, Police Dept. with thirty-two years, one month;
Victor Martignetti, Patrol Officer, Police Dept. with thirty-three years, one month;
Ana Nava, Team Leader, Cambridge Health Alliance with twenty-nine years, eleven months;
Tracy Rose-Tynes, Senior Director of Clinical Services, Cambridge Health Alliance with thirty-one years, nine months;
Jeanne Shirshac, Senior Director of Financial Operations, Cambridge Health Alliance with fourteen years, nine months;
Adam Shuman, Lieutenant, Fire Dept. with thirty-three years, one month;
Constance Taber, Administrative Assistant, Human Resources Dept. with eighteen years, four months;
Matina Williams, Leasing Officer II, Cambridge Housing Authority with thirteen years, three months;
John Woods, Deputy Director of Planning & Development, Cambridge Housing Authority with twenty-one years, eleven months.
- Redeposits / Make-up / Liability
Vote to consider the make-up of prior service for:
1. Elaine S Jessiman, 1 Year, 2 Months pro-rated
2. Allen R McGlashing, 9 Months pro-rated
Vote to consider the redeposit of a refund for:
1. Gregory Caldarelli, 8 Years, 2 Months
2. Brett S Dixon, 1 Year, 0 months
- Refund Applications
Vote to consider five refund applications submitted in January.
- Annual Affidavits
Chris Burns will discuss possible changes to the current system for mailing annual affidavits to retirees.
- PERAC Memos
PERAC Memo #4 re: 2025 Limits under Chapter 46 of the Acts of 2002
PERAC Memo #5 re: 2025 Limits under Section 23 of Chapter 131 of the Acts of 2010
PERAC Memo #6 re: COLA Notice
PERAC Memo #7 re: Buyback and Make-Up Worksheets
PERAC Memo #8 re: Investment Management Statements via PROSPER
PERAC Memo #9 re: Actuarial Data
- Old Business
- New Business
The Board may discuss items which were unanticipated at the time that the agenda was created.
- Executive Session
- Chairman's Report
- Executive Director's Report
- FYI
List of Retirees who died in January 2025
Segal Marco Analysis of Investment Performance - December 2024
PERAC Pension News - January 2025
Correspondence from PERAC re: 91A Form Online Option Available
Eastern Bankshares Dividends
Andrew Hersom Joins Eastern Bank as Senior VP, Head of Investor Relations
Correspondence from Intercontinental re: Los Angeles Wildfires
Labaton Sucharow Securities Litigation Report 4Q 2024
Correspondence from PTG re: Update on Litigation Progress
Correspondence from UBS re: Southern California Fires Impact
Manager / Vendor Disclosures: IFM Global Infrastructure Fund, Income Research & Management, M&T Bank, Mesirow High Yield Fund
November Financials: General Ledger, Summary of Accounts, Trial Balance, Adjustments, Cash Disbursements, Cash Receipts, Wire Transfers, Bank Reconciliation.