Cambridge Retirement Board Meeting

Description

Sheila Tobin Conference Room
125 CambridgePark Drive, Suite 104
Cambridge, MA 02140
Monday, 6/9/2025
11:00 AM - 4:00 PM ET

1. Minutes
   Vote to consider the regular minutes of the meeting held on May 5, 2025.
   Vote to consider the executive session minutes of the meeting held on May 5, 2025.
2. Warrants
   Vote to consider payment of warrant #10 in the amount of $10,070,497.94 and warrant #11
   in the amount of $1,197,414.25.
3. Superannuations
   Vote to consider the Superannuation retirement applications submitted by:
   • Robert Anderka, Parking Control Officer, Traffic & Parking Dept. with eleven years,
   eleven months;
   • LiPai Chang, Registered Nurse, Cambridge Health Alliance with thirty-five years, five
   months;
   • Donald Down, Supervisor, Dept. of Public Works with fifty-one years, one month;
   • Joseph Grassi, Patrol Officer, Police Dept. with thirty-three years, four months;
   • Robert Jutras, Captain, Fire Dept. with thirty-one years, seven months;
   • Steven Kelley, Firefighter with thirty-two years;
   • Angela Orangio, Business Manager, Cambridge Health Alliance with nineteen years,
   ten months;
   • Neeta Patel, Medical Technologist, Cambridge Health Alliance with thirty-three
   years, six months;
   • Michelle Schomacker, Laboratory Technologist, Cambridge Health Alliance with
   thirty-eight years, five months;
   • Miguel Torres, Lieutenant, Fire Dept with thirty-two years;
   • Michael Torrice, HVAC Supervisor, Dept. of Public Works with twenty years, four
   months.
4. Redeposits / Make-up / Liability
   Vote to consider the make-up of prior service for:
   1. Marie Barbara Brown, 3 Months Pro-Rated
   2. Larisa R Cay, 8 Months Pro-Rated
   3. James M Crowley, 4 Months Pro-Rated
   4. James S Fernandes 4 Years Pro-Rated
   5. Danielle Hector 5 Months Pro-Rated
   6. Harry N Jean 1 Year, 7 Months Pro-Rated
   7. Sinead E Joyce-Farley 5 Months Pro-Rated
   8. Vinroy L Paul 1 Year, 7 Months Pro-Rated
   9. Jazly Pulido 4 Months Pro-Rated
   10. Karen A Raso 5 Months Pro-Rated, Requesting Acceptance of Liability
5. Refund Applications
   Vote to consider ten refund applications submitted in May.
6. Accidental Disability Application - Donald Johnson
   Vote to consider the application for Accidental Disability benefits filed by Donald Johnson, a
   Firefighter. Mr. Johnson is represented by Attorney Neil Rossman, who will attend via Zoom.
7. FY2026 Appropriation Payment
   Vote to consider a recommendation for investing funds from the next appropriation payment.
   (Written recommendation from Segal Marco will be forwarded upon receipt.)
8. PERAC Memos
   (PERAC did not issue any new memos in May.)
9. Old Business
10. New Business
    The Board may discuss items which were unanticipated at the time that the agenda was
    created.
11. Executive Session
12. Chairman's Report
13. Executive Director's Report
14. FYI
    List of Retirees who Died in May 2025
    PERAC Pension News - May 2025
    Correspondence from Attorney Quirk re: CRAB Chair Tran Announces Resignation
    Notice of Appeal - Eduardo Santana
    BLBG Securities Litigation Report - 1Q2025
    Correspondence from Campbell Timber re: Executive Team Update
    Correspondence from JP Morgan re: Global Real Estate Update
    Manulife Investment Team Updates
    Manager/Vendor Disclosures: UBS Trumbull Property Fund
    February Financials: General Ledger, Trial Balance, Adjustments, Cash Disbursements,
    Cash Receipts, Wire Transfers, Bank Reconciliation