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Concord Retirement Board (A)
Tuesday, October 29, 2013 at 8:30 AM
Town House, 22 Monument Sq., Selectmen's Room
Concord Retirement Board
Tuesday, October 29, 2013 at 8:30 a.m.
Town House – 22 Monument Square, Concord, MA

1.      Approval of Minutes – September 27, 2013

2.      Approval of October 31, 2013 retiree payroll:           

                Pension         $411,648.98                                                             
                Annuity                 $  82,577.02                                                    
                Total Payroll:          $494,226.00

3.      Approval of Expenses (estimated at $9,036.98)

4.      Report of Investment Transactions since last meeting (itemized transactions available for viewing in the Concord Retirement Office)
5.      New Members
        Name                            Unit            Department              Position                        Hire Date               Group
        April L. Healey                 School          Transportation          Dispatcher                      09/25/2013              1
        Joanne Cannistraro              School          Transportation          Bus Driver                      09/30/2013              1
        Megan Morrison          School          CCRSD                   SPED Tutor                      09/19/2013              1
        Wayne J. Busa           School          Transportation          Bus Driver                      03/28/2005              1
        Christopher Choate              Town            Council on Aging        Building Maintenance            10/15/2013              1
        Julianne Beyer                  School          CPS                     Cook                            09/30/2013              1
        Doria Habib                     School          CPS                     Kindergarten Assist.            0/07/2013               1

6.      New Retirements:
        Name                     Unit            Department              Position                       Retirement Date   Service
        Barry Neal              Town            Police                  Chief                           10/19/2013              30.0000

7.      Refunds/Rollovers:
        Name                    Unit            Department              Position                        Amount          Service 

8.      Transfers to other Systems
        Name                            Unit            Department              Position                        Amount          Service 
        Cynthia Calcagni                School          CPS                     1:1 SPED Assist.                $14,744.17              6.7500
        Transferring to Worcester Regional Retirement System

        Janice Moore                    School          CCRSD                   SPED Tutor                      $21,865.50              8.5833
        Transferring to Middlesex County Retirement System      

        Valerie Khalid                  School          CPS                     Speech/Lang. Tutor              $2,020.67               0.9167
        Transferring to Middlesex County Retirement System                                                              

9.      Deaths: 
        Robert B. Learmonth, Jr. – born July 13, 1931, became a member of the Concord Retirement System on October 16, 1955 when he was hired as a patrolman with the Concord Police Department.  Bob was a graduate of Concord High School.  He served in the U.S. Army during the Korean Conflict as a paratrooper    w       where he received a Purple Heart.  After more than 35 years of service to Concord, Bob retired as Acting Chief of Police on May 18, 1988.  Bob passed away on September 28, 2013 at 82 years of age.

10.     Other Business – Review of Correspondence & Other Documents:

•       Investment Review – Columbia Management
•       Asset allocation and market values at September 30, 2013 report
•       PERAC Memo #24/2013 – Mandatory Retirement Board Member Training- 4th Quarter 2013
•       Janice Manchuso – Appeal to DALA
•       PERAC Memo #25/2013 – Appropriation Date Due October 31, 2013
•       PERAC Memo #26/2013 – New Fraud Prevention Poster
•       PERAC Memo #27/2013 – Determination Letter Filing Trainings
•       Old Business/New Business

11.     Adjournment - Next board meeting: Friday, November 22, 2013 at 8:30 a.m.

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