MINUTES OF THE SPRINGFIELD RETIREMENT BOARD MEETING
HELD ON, MARCH 2, 2016 AT 4:00 P.M.
Present: Robert Moynihan, Patrick Burns, Thomas Scanlon, Haskell Kennedy (tardy), Philip Mantoni, Attorney Alfredo ViVenzio, Susana Baltazar, Incoming Executive Director, Anne Leduc, Judy Dziobek, Recording Clerk, David Franco, David Wells, Linda A. Marciniec, John Marciniec
Agenda Item #1-Personnel Matter
EXECUTIVE SESSION: Motion made by Burns and seconded by Scanlon to enter into Executive Session and then return to Open Session. Burns, yes, Mantoni, yes, Moynihan, yes Scanlon, yes.
Executive Session to discuss a personnel matter.
Agenda Item #2-Minutes
Motion made by Mantoni to accept the minutes of the meeting held on, February 9, 2016, seconded by Scanlon and voted unanimously
Agenda Item #3-Superannuations
Motion made by Scanlon to accept the following Superannuations: Charles Cook III, Police Lieutenant with 34 years as of 3/17/16, Katherine Pedersen, Executive Director Water & Sewer Commission with 31 years as of 4/2/16, Geraldine Maloney, Police Officer with 33 years and 2 months as of 3/10/16, seconded by Burns and voted unanimously
Agenda Item #4-Warrants
Motion made by Mantoni to approve the payment of the following warrants: Warrant #5 Expenses in the amount of $980,896.39, Warrant #6 Refunds in the amount of $172,140.07, Warrant #7 February Retiree allowances in the amount of $5,944,315.27 and a redemption from the PRIT fund in the amount of $5,125,000.00, seconded by Burns and voted unanimously
Agenda Item #5-Refunds
Motion made by Burns to accept the twelve (12) applications for refunds, seconded by Scanlon and voted unanimously
Agenda Item #6-Redeposit of Refunds and Makeup of Contributions
Motion made by Mantoni to allow the redeposit of a refunds to: Tyrone Battle for refunds from Springfield in 2003 and 2009, second by Burns and voted unanimously.
Agenda Item #7-Involuntary Accidental Disability-Michael Guyer/Firefighter
Motion made by Mantoni to accept the responses of the medical panel, the evidence of the Involuntary Application and approve accidental disability benefits for Firefighter, Michael Guyer, seconded by Scanlon and voted unanimously.
Agenda Item #8-Accidental Disability-Linda Marciniec/School Department
Motion by Scanlon to accept the Accidental Disability application submitted by Linda Marciniec and request that P.E.R.A.C. convene a medical panel, second by Mantoni and voted unanimously
Agenda Item #9-Involuntary Accidental Disability-David Franco/Police
Motion made by Scanlon to accept the responses of the medical panel, the evidence of the Involuntary Application and approve accidental disability benefits for Police Officer, David Franco, seconded by Burns and voted unanimously.
Agenda Item #10-COLA
Motion made by Scanlon to grant a 3% cost of living adjustment effective July 1, 2016, second by Burns and voted unanimously.
Agenda Item #11-Director’s Report
Director, Anne Leduc updated the Board on the progress of the 1/1/2016 Actuarial Valuation. The Director also told the Board that Tyler (our software program for retirement) will not add other enhancements. Incoming, Executive Director, Susana Baltazar will reach out to PTG at a later date.
Agenda Item #12-Attorney’s Report
Attorney ViVenzio asked the Board for a motion to accept the settlement from Columbia Gas. Motion made by Kennedy to authorize Susana Baltazar to accept the amount as settlement of any and all offset rights pursuant to M.G.L. c. 32 in full settlement of said offset rights. Seconded by Scanlon and voted unanimously.
Agenda Item #13-Old Business
None
Agenda Item #14-New Business
None
F. Y. I.
Recent Retiree Deaths, PRIT fund update, January 2016, Boston Millennia Partners Liquidation update, Boston Millennia Quarterly reports, Final Budget Balances for 2015, Budget Balances for 2/29/16, Monthly transfers for February
Motion made by Mantoni to Adjourn at 5:00 P.M. second by Kennedy.
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Robert P. Moynihan, Chairman
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Thomas M. Scanlon, Elected Member
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Haskell Kennedy, Appointed Member
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Patrick S. Burns, Appointed Member
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Philip J. Mantoni, 5th Member