Cambridge Retirement Board Meeting

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 02140
Monday, 1/13/2025 11:00 AM - 4:00 PM ET

1. Minutes
   Vote to consider the minutes of the investment review meeting held on December 3, 3024. Vote to consider the regular minutes of the meeting held on December 16, 2024. Vote to consider the executive session minutes of the meeting held on December 16, 2024.
2. Warrants
   Vote to consider payment of warrant #24/2024 in the amount of $9,753,724.54 and warrant #1/2025 in the amount of $1,204,250.32.
3. Superannuations
   Vote to consider the Superannuation retirement applications submitted by: Barbara Armistead, Personnel Specialist, Human Resources Dept. with twenty-one years, nine months; James Carvello, Lead Mechanic, Cambridge Housing Authority with forty years; Iram Farooq, Assistant City Manager, Community Development Dept. with twenty-eight years; Laurie Gaines, Library Assistant with twenty-one years; Anthony Macone, Deputy Superintendent, Police Dept. with thirty-three years, nine months; Faye McKinnon, Manager of Operations, Assessing Office with forty years, five months; Heli Medeiros, Laborer-Porter, Cambridge Health Alliance with nineteen years, nine months; Oswaldo Ortiz, Patrol Officer, Police Dept. with thirty years, seven months; James Rita, Director of Operations, Water Dept. with twenty-two years, eleven months; Juliet Turner, Administrative Assistant, Finance Dept. with thirty-three years, one month.
4. Redeposits / Make-up / Liability
   Vote to consider the make-up of prior service for: 1. India T Cordero, 1 year, 7 months (pro-rated) 2. Karee Dottin-Vass, 2 years, 5 months (pro-rated) 3. Ivelisse J Garcia, 1 year, 2 months (pro-rated) 4. Justin C Nortelus, 1 year, 0 months (pro-rated) 5. Emily F Paton, 1 Year, 0 Months (pro-rated) Vote to consider the redeposit of a refund for: 1. Thomas V Rowlings, 3 years, 3 months (pro-rated)
5. Refund Applications
   Vote to consider eight refund applications submitted in December.
6. Accidental Disability Benefit - Philip Fournier
   Vote to consider the reports of the medical panel in the application for Accidental Disability benefits filed by Philip Fournier, Clinical Leader at Cambridge Health Alliance. Mr. Fournier is represented by Attorney Morgan Gray, who will attend via videoconference.
7. 91A Overearning - James Desrosiers
   Vote to consider recovery of overearnings for James Desrosiers in 2023. Mr. Desrosiers is represented by Attorney Thomas Gibson.
8. PERAC Memos
   PERAC Memo #32/2024 re: Tobacco Company List PERAC Memo #33/2024 re: Mandatory Retirement Board Member Training - 1st Quarter, 2025 PERAC Memo #34/2024 re: Annual Review of Medical Testing Fee PERAC Memo #1/2025 re: 2025 Interest Rate set at 0.1%
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 December 2024 Segal Marco Analysis of Investment Performance - November 2024 Correspondence from Intercontinental re: Redemption Queue Correspondence from Mesirow re: Acquisition by MetLife Correspondence from PineBridge re: Acquisition by MetLife Correspondence from Rockwood re: Release of Unfunded Capital Commitments and Cessation of Management Fees October Financials: General Ledger, Summary of Accounts, Trial Balance, Adjustments, Cash Disbursements, Cash Receipts, Wire Transfers, Bank Reconciliation.