March 29, 2019 Retirement Board Meeting

Section I: Regular Business:

Minutes:

Minutes of February 15, 2019                                                Regular Meeting

Minutes of February 15, 2019                                                Executive Session                  

Warrants:                             

Warrant #12 Dated December 31, 2018                                 $ 2,962,830.64 Final              

Warrant #1 Dated January 31, 2019                                       $ 3,289,940.85 Final

Warrant #2 Dated February 1, 2019                                       $ 2,251,787.00 Partial

Warrant #3 Dated March 31, 2019                                         $ 4,306,230.72 Partial

Warrant #4 Dated April 30, 2019                                           $        6,000.00 Partial            

Trial Balance as of January 31, 2018:            $168,744,533.47                                            

Public Comment:

New/Old Business:

2018 PERAC Annual Statement:

Board to review and vote draft copy of the 2018 PERAC Annual Statement.

2019 Amended Budget

Board to review and vote on the 2019 amended budget.
Investments:

The following Annual Vendor Disclosure have been submitted to PERAC through PROSPER

System and can be reviewed in the Compliance tab.  Board to vote on the review disclosures.

Vendor Name                                      Date Submitted                      

Acadian                                               2/21/2019

Ameriprise (Columbia)                       3/11/2019

Barings                                                            3/5/2019

Berman Tobacco                                             2/14/2019

Boston Advisors                                             2/15/2019

Boston Partners (Robeco)                               2/21/2019

Boston Trust                                                    2/19/2019

Fiduciary Investment Advisors                      2/14/2019

Invesco                                                            2/26/2019

People’s United Bank                                     2/04/2019

PRIT                                                               Not Applicable

Rhumbline Advisors                                       2/25/2019

Robbins, Geller, Rudman & Dowd                3/5/2019

Scott & Scott                                                   2/28/2019

Thornton Law                                                             3/6/2019

Wellington Trust – Bond Fund                      2/28/2019

Wellington Trust – Equity Fund                    2/28/2019

Wellington Trust – Opport Inv Fund              2/28/2019

Westfield                                                        2/20/2019

Anthony Tranghese will give a Portfolio update & review as well as discuss the FY2020 Appropriation. 

Ricoh Copier Contract Renewal:

Board to discuss and vote proposal for new service contract on the existing Ricoh copier.  Current contract/service plan expires in May 2019.

Section II: Membership:

New Hires:

Town:

9%       Ault, Nicholas, Group 4, Police Officer

            Perm. Full-time: $996.32 weekly

            Start Date: April 1, 2019

9%       Bratti, Michelle, Group 1, Social Outreach Worker

            Perm. Full-time: $848.38 weekly

            Start Date: March 25, 2019

9%       Burke, James, Group 4, Police Officer

            Perm. Full-time: $996.32 weekly

            Start Date: April 1, 2019

9%      Gailes, Kelsey, Group 4, Police Officer

            Perm. Full-time: $996.32 weekly

            Start Date: April 1, 2019

9%       George, Derek, Group 4, Police Officer

            Perm. Full-time: $996.32 weekly

            Start Date: April 1, 2019

9%       Golden, Michael, Group 4, Police Officer

            Perm. Full-time: $996.32 weekly

            Start Date: April 1, 2019

 

9%       Guevremont, Richard, Group 4, Police Officer

            Perm. Full-time: $996.32 weekly

            Start Date: April 1, 2019

9%       Ibbitson, Terry, Group 1, Administrative Secretary – Collector/Treasurer

            Perm. Full-time: $752.24 weekly

            Start Date: March 11, 2019

9%       Mingace, Anthony, Group 4, Police Officer

            Perm. Full-time: $996.32 weekly

            Start Date: April 1, 2019

9%       Perkins, Corey, Group 4, Police Officer

            Perm. Full-time: $996.32 weekly

            Start Date: April 1, 2019

9%       Porter, Robert, Group 1, Maintenance Worker – Parks

            Perm. Full-time: $787.35 weekly

            Start Date: March 18, 2019

9%       Provo, Alec, Group 4, Police Officer

            Perm. Full-time: $996.32 weekly

            Start Date: April 1, 2019

9%       Reissfelder, Jr., Paul, Group 4, Police Officer

            Perm. Full-time: $996.32 weekly

            Start Date: April 1, 2019

9%       Rix, Brendan, Group 4, Police Officer

            Perm. Full-time: $996.32 weekly

            Start Date: April 1, 2019

School:

9%       Barry, Daniel, Group 1, Custodian

            Perm. Full-time: $1,560.00 bi-weekly

            Start Date: February 26, 2019

9%       Corsini, Brianna, Group 1, Paraprofessional

            Perm. Full-time: $800.16 bi-weekly

            Start Date: February 26, 2019

9%       Gorman, Mark, Group 1, Custodian

            Perm. Full-time: $1,560.15 bi-weekly

            Start Date: February 5, 2019

Transfers:

Town:

Genao, Silvio, Group 1, Assistant DPW Director

Seven (7) Months Creditable Service (3/12/2018-11/2/2018)

Total Transfer to Barnstable County Retirement Board: $70,757.28

McGonagle, Sean, Group 4, Police Officer

Three (3) Years, Nine (9) Months Creditable Service (3/23/2015-12/27/2018)

Total Transfer to State Retirement Board: $21,830.57

Retirements:

Town:

Eldridge, Stanley E., Group 4, Deputy Chief Fire Dept.

Thirty-Five (35) Years, Eleven (11) Months Creditable Service

Superannuation Retirement opt: c

Retirement Date: March 12, 2019

Section 101 Benefits:

Gloria Comeau, widow of Group 4, Police Officer & ADR retiree Louis Comeau, has applied for Section 101 Survivor Benefits.  Mr. Comeau retired under ADR on January 17, 1981, opt b.

Section III:

Executive Session:

Pursuant to MGL Chapter 30A, Section 21 (a)(3), the Board will enter into executive session to discuss ongoing litigation.