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Concord, MA Public Access TV

WIQH 88.3FM


 
Concord Retirement Board (A)
Friday, January 24, 2014 at 8:30 AM
Selectmen's Room, Town House, 22 Monument Sq.
Concord Retirement Board
AGENDA
Friday, January 24, 2014 – 8:30 a.m.
Selectmen’s Hearing Room – 22 Monument Square, Concord, MA



1.      Approval of Minutes – December 23, 2013

2.      Approval of January 31, 2014 retiree payroll:           

        Pension         $ 422,756.95                                                    
        Annuity                 $   84,129.71                                           
        Total Payroll:          $506,886.66

3.      Approval of Expenses (estimated at: $5,604.89 and 3(8)(c) reimbursements:  $44,699.36  )

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
        Mary-Kathryn Middlemiss         Town            PolicePublic Safety Dispatcher                  01/06/2014              1

6.      New Retirements:
        Name                     Unit            Department              Position                       Retirement Date   Service
        None

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

8.      Transfers to other Systems
        Name                    Unit            Department              Position                        Amount          Service 
        None

9.      Deaths: 
        

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


•       Legal Review – Thomas F. Gibson, Esq.
•       Asset Allocation and Market Values at 12/31/2013 report
•       PERAC Memo #1/2014 – 2014 Limits under Chapter 46 of the Acts of 2002
•       PERAC Memo #2/2014 – 2014 Limits under Section 23 of Chapter 131 of the Acts of 2010
•       PERAC Memo #3/2014 – COLA Notice – (1.5% for effective July 1, 2014)
•       PERAC Memo #4/2014 – Buyback and Make-up Repayment Worksheets
•       PERAC Memo #5/2014 – Effective Date of Actuarial Assumed Interest for Buybacks
•       PERAC Memo #6/2014 – Preparation of the Annual Statement Classes
•       PERAC Memo #7/2014 – Tobacco Company List
•       PERAC Memo #8/2014 – 2014 Interest Rate set at 0.1%
•       PERAC Memo #9/2014 – Actuarial Data



11.     Adjournment - Next board meeting:  Tuesday, February 25, 2014 at 8:30 a.m.


 
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