Description
The meeting will be conducted entirely over Webex videoconference.
Link to join is: https://cambridgeretirementboard.my.webex.com/meet/cburns
Cambridge Retirement Board Meeting
Monday, 11/1/2021 1:00 - 4:00 PM ET
1.Minutes
Vote to consider the regular minutes of the meeting held on October 4, 2021. Vote to consider the executive session minutes of the meeting held on October 4, 2021.
2.Warrants
Vote to consider payment of warrant #20 in the amount of $8,346,806.85 and warrant #21 in the amount of $719,191.22.
3.Superannuations
Vote to consider the Superannuation retirement applications submitted by: Margaret Curtin, Family Nurse Practitioner, Cambridge Health Alliance with twenty-eight years; Edward Dowling, Director of Operations, Water Dept. with thirty-two years; Daniel Evans, Assistant Food Director, School Dept. with ten years, four months; Yolande Goode, Preschool Manager, Dept. of Human Services with twenty-six years; Arjariya LaCroix, Registered Nurse, Cambridge Health Alliance with thirty-four years, five months; Loyd Lewis, Patrol Officer, Police Dept. with forty-one years, two months; Edward Morrissey Jr., Deputy Chief, Fire Dept. with forty-two years, nine months; Mary Shinkwin, Athletic Trainer, School Dept. with twenty-two years, three months.
4.Redeposits / Make-up / Liability
Vote to consider the make-up of deductions requested by: 1. Liam J. O’Connor, 3 years (pro-rated) 2. Marilyn Rottersman, 6 years 10 months 3. Karlie C. Traversa, 9 months (pro-rated) Vote to consider the request for redeposit of a refund from: 1. Elizabeth A. Gallant Green, 1 year 9 months 2. Edoghogho Igbinosa, 11 years 1 month (pro-rated)
5.Refund Applications
Vote to consider seven refund applications submitted in October.
6.Acciental Disability Benefit - Michael O'Brien
Vote to consider the Accidental Disability application filed by Michael O'Brien, Electrician in the Electrical Dept. Mr. O'Brien is represented by Attorney Lauren Van Iderstine.
7.Accidental Disability Application - Yan Qu
Vote to consider the Accidental Disability application filed by Yan Qu, Branch Manager in the Library. Ms. Qu is represented by Attorney Steven Kantrovitz.
8.Disability Application - Terrence Coogan
Vote to consider the request for either Ordinary or Accidental Disability benefits filed by Terrence Coogan, a Firefighter. Mr. Coogan is represented by Lee Rachel Jurman (non-attorney advocate).
9.Accidental Disability Benefit - Shawn Ivey
Vote to consider the reports of the medical panel in the Accidental Disability application filed by Shawn Ivey, a Patrol Offiver in the Police Department. Mr. Ivey is represented by Attorney Kristen Barnes.
10.2022 Proposed Board Meeting Schedule
Vote to consider a draft schedule for Retirement Board meetings in 2022.
11.PERAC Memos
PERAC Memo #27 re: Appropriation Data Due October 31, 2021 PERAC Memo #28 re: Buying Back Elected Official Service Time PERAC Memo #29 re: Expansion of Post-Retirement Work in the Public Sector PERAC Memo #30 re: Investment Fraud Alert
12.Old Business
13.New Business
The Board may discuss items which were unanticipated at the time that the agenda was created.
14.Executive Session
15.Chairman's Report
16.Executive Director's Report
17.FYI
Notice of Retiree Deaths August Financials - General Ledger, Summary of Accounts, Trial Balance, Adjustments, Cash Disbursements, Cash Receipts, Wire Transfers Segal Marco Analysis of Investment Performance - September 30, 2021 CommonWealth Magazine - Fraud and Waste at Retirement Board Correspondence from Landmark Partners