December 7, 2016 Meeting Agenda

AGENDA FOR THE SPRINGFIELD RETIREMENT BOARD MEETING
70 TAPLEY STREET, SPRINGFIELD, MA 01104
TO BE HELD ON DECEMBER 7, 2016 AT 5:00 P.M.

Agenda Item #1-Minutes
Vote to consider approving the minutes of the meeting held on November 2, 2016.

Agenda Item #2-Superannuations
Vote to consider the acceptance of the following Superannuations:
1. Kathleen Brown, Comm. Police Liaison, Police Dept. with 20 years and 2 months as of 1/7/17
2. Jeffrey Cawley, Lieutenant, Fire Department, with 31 years and 9 months as of 1/5/17
3. Sonia Cruzado, Paraprofessional, School Department, with 22 years and 2 months as of 12/3/16
4. Arthur Efantis, Police Officer, Police Department, with 33 years and 6 months as of 1/3/17
5. Mary Fleury, Sr. Clerk Typist, Police Department, with 23 years and 3 months as of 1/4/17
6. James Goldrick, Police Officer, Police Department, with 34 years and 2 months as of 1/2/17
7. Harold Hastings, Firefighter, Fire Department, with 32 years as of 1/14/17
8. Richard Hottin, Jr., Police Sergeant, Police Department, with 32 years as of 1/7/17
9. Dan W. Jones, Junior Custodian, School Department, with 28 years and 6 months as of 1/7/17
10. Patrick J. Keough, Fire Lieutenant, Fire Department, with 31 years and 1 month as of 1/7/17
11. Donald A. Labaj, Senior Custodian, School Department, with 23 years and 4 months as of 3/4/17
12. Luther Monts, Maint. Tech, Water and Sewer Comm. with 11 years and 4 months as of 1/7/17
13. Leon Moultrie, Patrolman, Police Department, with 32 years and 3 months as of 1/2/17
14. Antonia Rodriguez, Para, School Department, with 21 years and 1 month as of 12/31/16
15. Carolina R. Salvetti, Principal Clerk, School Department, with 41 years and 3 months as of 12/24/16
16. Sally Starks, Paraprofessional, School Department, with 13 years as of 1/4/17
17. Diane Hemingway, Payroll Manager, School Department, with 32 years and 2 months as of 1/1/17
18. Elizabeth Dasso, Police Officer, Police Department, with 32 years and 9 months as of 1/3/17

Agenda Item #3-Warrants
Vote to reaffirm the approval of the following warrants:
Warrant # 43 Expenses in the amount of $3,039.79
Warrant # 44 Expenses in the amount of $60,997.88
Warrant # 45 Refunds in the amount of $248,108.24
Warrant # 46 November Retiree allowances in the amount of $6,069,442.82 and redemption
From the PRIT fund in the amount of $4,600,000.00

Agenda Item #4-Refunds/Transfers to Other Systems
Vote to consider the seventeen (17) requests for refunds and transfers to other systems. The names have been submitted to their particular Department, the Law Department and the Massachusetts Department of Revenue.

Agenda Item #5-Redeposit of Refunds and Makeup of Contributions
Vote to consider the redeposit of refunds to:
1. Brandon Baymon, Para, School Department for the refund from Springfield Retirement in 2015.
2. Glen Edmonds, Custodian, School Department for the refund from Springfield Retirement in 2012.
3. Denise Griffith, Sr. Clerk Typist, School Department for the refund from Springfield Retirement in
2006.

Vote to consider the makeup of contributions to:
1. Laura Huber, School Based Tutor, School Department, purchasing 1 month at the School Department as a part time School Based Tutor.

Agenda Item #6-Accidental Disability - Timothy Collins/School Department
Vote to consider the acceptance of the application for Accidental Disability benefits submitted by Timothy Collins, and request that PERAC convene a medical panel. Tabled from the November 2, 2016 meeting.

Agenda Item #7-Accidental Disability – John Ryan/School Department
Vote to consider the acceptance of the application for Accidental Disability benefits submitted by John Ryan, and request that PERAC convene a medical panel.

Agenda Item #8-Accidental Disability - Nina Jones/School Department
Vote to consider the responses of the medical panel regarding the application for Accidental Disability benefits submitted by Nina Jones.

Agenda Item #9-Accidental Disability - Luis Astacio/DPW
Vote to consider the responses of the medical panel clarification regarding the application for Accidental Disability benefits submitted by Luis Astacio.

Agenda Item #10-Chapter 235 of the Acts of 1994
Creditable service during layoff for certain members of the Police and Fire Departments.

Agenda Item #11-RFP for Pension Administration Software Services
Vote to consider hiring a Pension Administration Software Service provider based on the responses received.

Agenda Item #12-Director’s Report
• Death Record Search Services
• PERAC final approval of Retirement Benefits

Agenda Item #13-Attorney’s Report

Agenda Item #14-Old Business

Agenda Item #15-New Business

F. Y. I.
• PERAC-Appropriation for Fiscal Year 2018
• PERAC Correspondence-Pension Forfeiture List
• PERAC Pension News
• PERAC 2015 Comparative Analysis of Investment Related Expenses
• Listing of Retirement Board Meetings for 2017
• October PRIT Fund Update
• Trial Balance, Adjusting Entries, Receipts, Disbursements and General Ledger for the month of October
• Crescendo Ventures 3rd Quarter report
• Financial Statements for Year Ended December 31, 2015 from Powers & Sullivan
• Budget Balances as of November
• Monthly Transfers for November
• Recent Retiree Deaths
• Treasurer’s Reconciliation for the month of October