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WIQH 88.3FM


 
Concord Retirement Board (A)
Wednesday, July 24, 2013 at 8:30 AM
Town House, 22 Monument Sq., Selectmen's Room
Concord Retirement Board
AGENDA
Wednesday, July 24, 2013 at 8:30 a.m.
Town House, 22 Monument Square, Concord MA

1.      Approval of Minutes – June 24, 2013

2.      Approval of July 31, 2013 retiree payroll:              

Pension         $411,202.24                                                             
Annuity                 $  81,599.24                                                    
Total Payroll:          $492,801.48

3.      Approval of Expenses (estimated at $3,438.09)

4.      Report of Investment Transactions since last meeting (itemized transactions available for       v       viewing in the Concord Retirement Office)
5.      New Members
Name                            Unit            Department              Position                        Hire Date       Group
William M. Underhill    Town            CMLP            Telecomm. Coord.                06/24/2013      1
Thomas P. Power         Town            CMLP            Tele. Network Tech.     06/24/2013      1
Karen Bockoven          Town            Human Resources  Department Clerk               07/15/2013      1

6.      New Retirements:
Name                    Unit            Department              Position                Retirement Date Service
Dale Cronan             Town            CMLP            Assist. Director        August 23, 2013 16.8333

7.      Refunds/Rollovers:
        Name            Unit            Department              Position                        Amount  Service 
        NONE

8.      Transfers to other Systems
Name                    Unit            Department              Position                Amount  Service 
Patricia Speros School  CPS                     SPED Tutor              $14,171.37      4.7500
        Transferring to MTRS
John Vaporis    School  CCRSD           Library Technician      $  3,101.67     1.1667
        Transferring to MTRS
Sally Hile              School  CPS                     SPED Tutor              $  1,452.63     1.0000
        Transferring to MTRS
Kelly Fleming   School  CPS                     SPED Aide               $  1,532.37     1.0000
        Transferring to MTRS
Erin Davis              School  CCRSD           SPED Tutor              $11,163.66      4.8333
        Transferring to MTRS
Shealee Cooke   School  CPS                     Kindergarten Asst       $  5,467.60     2.0000
        Transferring to MTRS
Amy Jones               School  CPS                     Kindergarten Asst       $   6,858.60    4.0000
        Transferring to MTRS

9.      Deaths: 
Nellie Palmaccio – born on January 2, 1916.  Nellie became a member of the Concord Retirement System on March 15, 1965 when she was hired as a Cafeteria Worker with the school department.  She retired on September 16, 1978 after 13 and one-half years of service to the school department.  Nellie passed away on June 21, 2013 at the age of 97.

10.     Other Business – Review of Correspondence & Other Documents:
•       Asset allocation and market values at June 30, 2013 report
•       Stress analysis – bond portfolio
•       Travel regulations – meal reimbursement
•       Janice Manchuso – termination of survivor benefits
•       PERAC Memo #17/2013 – Proposed Regulations Regarding the HEART Act and IRS code section 415
•       PERAC Memo #18/2013 – Mandatory Retirement Board Training
•       PERAC Memo #19/2013 – Reinstatement to Service under G.L. c. 32 § 105
•       PERAC Memo #20/2013 – Tobacco Company List
•       Makeup request – Raeann Gembis
•       Makeup request – Lynn Vessy
•       Makeup request – Arlene (Shanley) Gluck

11.     Adjournment - Next board meeting: Tuesday, August 27, 2013 at 8:30 a.m.


 
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