Description
This is a hybrid meeting. Members may attend in person at the Retirement Office or via videoconference at https://cambridgeretirementboard.my.webex.com/meet/cburns
Cambridge Retirement Board Meeting
Sheila Tobin Conference Room 125 CambridgePark Drive, Suite 104 Cambridge, MA 02140
Monday, 2/6/2023 11:00 AM - 3:00 PM ET
- Minutes
Vote to consider the regular minutes of the meeting held on January 3, 2023. Vote to consider the executive session minutes of the meeting held on January 3, 2023.
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Warrants
Vote to consider payment of warrant #2 in the amount of $8,635,874.70 and consider warrant #3 in the amount of $446,607.72. Vote to consider adjustments to Warrant #11 and Warrant #23, to correct for rebates on management fees.
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Superannuations
Vote to consider the Superannuation retirement applications submitted by: Miriam DaSilva, Clerk Specialist, School Dept. with thirty-six years, five months; Candyce Dostert, Grant Specialist, School Dept. with twenty-three years, five months; Chandra Gooding, Conflict Mediator, School Dept. with sixteen years, four months; Susan Kale, Sergeant, Police Dept. with twenty-nine years, ten months; Jean Kuropatkin, Clerk Specialist, School Dept. with forty-four years, one month; Gary Melanson, Radiologic Technologist, Cambridge Health Alliance with twenty-six years, eight months; Debra Morris, Operations Assistant, Dept. of Public Works with eleven years, eight months; Matilde Santos, Registered Nurse, Cambridge Health Alliance with twenty-five years, nine months; Paul Simonds, Laborer, Cambridge Health Alliance with forty-five years, seven months.
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Redeposits / Make-up / Liability
Vote to consider the make-up of deductions for: 1. Miranda L. Cox, 7 months (pro-rated) Vote to consider the redeposit of a refund for: 1. Kim D. Baugh, 7 months 2. Michael A. Cook, 7 years 1 month
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Refund Applications
Vote to consider nine refund applications submitted in January.
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Accidental Disability Application - Jesus Esquivel
Vote to consider the application for Accidental Disability benefits filed by Jesus Esquivel, Storekeeper in the School Dept. Mr. Esquivel is represented by Attorney Michael Akashian.
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Increase to 2022 COLA
Discussion concerning the option to increase the COLA granted on July 1, 2022 from 3% to
5%.
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PERAC Memos
PERAC Memo #1 re: Reintroduction of Earning and Hour Limitations for all Retirees in the Public Sector PERAC Memo #2 re: 2023 Limits under Chapter 46 of the Acts of 2002 PERAC Memo #3 re: 2023 Limits under Section 23 of Chapter 131 of the Acts of 2010 PERAC Memo #4 re: COLA Notice PERAC Memo #5 re: PROSPER Cash Books and Annual Statement Submission PERAC Memo #6 re: Buyback and Make-up Repayment Worksheets PERAC Memo #7 re: 2023 Interest Rate set at 0.1% PERAC Memo #8 re: Actuarial Data
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Old Business
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New Business
The Board may discuss items which were unanticipated at the time that the agenda was created.
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Executive Session
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Chairman's Report
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Executive Director's Report
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FYI
Notice of Retiree Deaths Segal Marco - Preliminary Analysis of Investment Performance - December 31, 2022 Labaton Sucharow - Securities Litigation Report - 4Q 2022 Correspondence from Income Research + Management re: Service Update Manager/Vendor Disclosures: Mellon Emerging Markets Index Fund, Mellon Small Cap Index Fund