MINUTES OF THE SPRINGFIELD RETIREMENT BOARD MEETING
HELD ON, NOVEMBER 5, 2014 AT 5:00P.M.

PRESENT: Robert Moynihan, Haskell Kennedy, Philip Mantoni, Patrick Burns, Thomas Scanlon, Attorney Alfredo ViVenzio, Executive Director, Anne Leduc, Judith Dziobek, Recording Clerk, Alla Crespo, Attorney Frank Antonucci, Jeffrey McCorkindale, Tara Reynolds, Thomas Maccini

Agenda Item #1--Minutes
Motion made by Mantoni and seconded by Kennedy to approve the minutes of the meeting held on,
October 1, 2014 Voted unanimously.

Agenda Item #2-Superannuations
Motion made by Moynihan and seconded by Kennedy to accept the following superannuation applications: Donald Daughtry, Foreman/Parks Streets & Engineering Dept., with 38 years, as of, 11/1/2014, Anthony Planzo/Water & Sewer Commission, with 40 years, as of, 1/3/2015, George Romano, Jr/Water & Sewer Commission with 45 years, as of, 1/31/2015, John Rooney, Manager/Streets Dept., with 34 years and 10 months as of, 1/14/2015, Delana Stovall, Customer Serv. Rep. with 33 years and 4 months as of, 1/5/2015. Voted unanimously

Motion made by Kennedy and seconded by Moynihan to accept the request to rescind the retirement of Sheila Kelly, MCDI Instructor as of, 10/13/2014 Voted unanimously

Agenda Item #3-Warrants
Motion made by Moynihan and seconded by Kennedy to approve the payment of warrant # 40-Expenses in the amount of $3,000.00, # 41-Refunds in the amount of $396,887.64, # 42-October Retiree Payments in the amount of $5,602,250.85 including redemption of $4.7 million from the PRIT Fund, # 43- Expenses in the amount of $60,271.55 and # 44- Refunds in the amount of $3,307.68 Voted unanimously

Agenda Item #4-Refunds
Motion Made by Mantoni and seconded by Kennedy to approve the twenty-one (21) requests for refunds. Voted unanimously

Agenda Item #5- Make-up of Contributions and Redeposit of Refunds
Motion made by Moynihan and seconded by Kennedy to approve the re-deposits of refunds for: Loleta Collins for 5 mos. and 1 wk. of creditable service with the S.H.A., Steven Kent for 2 months of creditable service with Hampshire County Ret System, Steven Kent for 4 months in Hampshire County, Julio Vergne for 10 months in Springfield, Hector Rivera Cabrera for 4 years and 11 months with Springfield Retirement System, Timothy White for 2 years and 15 days with the State Retirement System and Marcia Stanley for 13 years and 9 months in Springfield Voted unanimously

Agenda Item #6-Accidental Disability-Alla Crespo/School Department
Motion made by Moynihan and seconded by Mantoni to accept the accidental disability application and request that PERAC convene a medical panel providing additional information is supplied from the Principal of the School, describing the modified job description, in order to accommodate Ms. Crespo and statements by the witness’ of the accident. Voted unanimously

Agenda Item #7-Involuntary Accidental Disability-Jeffrey McCorkindale/Fire Department
Motion made by Mantoni and seconded by Kennedy to accept the Involuntary Accidental/Ordinary Disability application and the member’s accidental disability application and request that PERAC convene a medical panel. Voted unanimously.

Agenda Item #8-Involuntary Accidental Disability-Victor Pegoraro/Fire Department
Motion made by Moynihan and seconded by Kennedy to accept the Involuntary Accidental/Ordinary Disability application and request that PERAC convene a medical panel. Voted unanimously

Agenda Item #9-Underpayment of Contributions
Current active member Thomas Maccini, addressed the Board to request that they waive the underpayment of contributions for the 2% additional not withheld prior to 2008. Motion made by Kennedy, seconded by Burns to deny the request to waive the contributions. Voted unanimously

Agenda Item #10-Request for Information-Alexander Fuller, Project Director
The Board discussed the request from Alexander Fuller concerning the System’s unfunded liability.
The Chairman stated that he had contacted Mr. Fuller for any further information

Agenda Item #11-2015 Board Meeting Dates
Motion made by Moynihan and seconded by Kennedy to adopt the 2015 Board Meeting schedule.
Voted unanimously

Agenda Item #12-2015 Administrative Budget
Motion made by Burns and seconded by Kennedy to approve the calendar year 2015 Administrative Budget in the amount of $2,423,796.78. Voted unanimously

Agenda Item #13-Notice of 91A Repayments
Motion made by Mantoni and seconded by Kennedy to adopt the 12 month repayment plan, beginning with the November pension payments, for those retirees that owe the Springfield Retirement System for over earnings in 2013. Voted unanimously

Agenda Item #14-Director’s Report
The Executive Director received a request from former member, Thomas Mazza, to accept liability for 2 months and 1 week of seasonal employment and also to accept liability for the first 6 months of employment while he was a Custodian at the School department. Motion made by Mantoni to accept liability and seconded by Kennedy. Voted unanimously

Agenda Item #15-Attorney’s Report
None

Agenda Item #16-New Business
None

Agenda Item #17-Old Business
None

F. Y. I.
September trial balance, general ledger, receipts, disbursements and adjusting journals, PRIM Board update for September 2014, Treasurer’s reconciliation for September 2014, P.E.R.A.C. approval to waive submission of certain retirement calculations, Notice of Deaths, Monthly transfers for October 2014

Motion made by Moynihan and seconded by Kennedy to Adjourn at 6:12 PM