Cambridge Retirement Board Meeting

Description

Pursuant to Chapter 2 of the Acts of 2023 adopted by Massachusetts General Court and approved by the Governor, the Cambridge Retirement System is authorized to use remote participation at meetings of the Board. This will be a hybrid meeting, held in-person at 125 CambridgePark Drive and also via videoconference. The link to join the videoconference is: https://zoom.us/j/3881768511?pwd=RWkrVmRJMnhEM0pKS0xwckFFdnlNdz09
Cambridge Retirement Board Meeting
Sheila Tobin Conference Room 125 CambridgePark Drive, Suite 104 Cambridge, MA 02140
Monday, 7/1/2024 11:00 AM - 4:00 PM ET

1. William Keefe, PERAC Executive Director
   William Keefe will introduce himself to the Board.
2. Minutes
   Vote to consider the minutes of the investment review meeting held on May 30, 2024. Vote to consider the regular minutes of the meeting held on June 12, 2024. Vote to consider the executive session minutes of the meeting held on June 12, 2024.
3. Warrants
   Vote to consider payment of warrant #12 in the amount of $9,684,224.09 and warrant #13 in the amount of $169,518.00.
4. Superannuations
   Vote to consider the Superannuation retirement applications submitted by: Kenneth Atwell, Lab Manager, Cambridge Health Alliance with thirty-two years, ten months; Teresa Brown, ESOL Teacher, Dept. of Human Services with thirty-three years, three months; Marie Jean-Michel Dubuisson, Paraprofessional, School Dept. with twenty-eight years, ten months.
5. Redeposits / Make-up / Liability
   Vote to consider the make-up of prior service for: 1. Joshua Arevalo for eleven months 2. Kathleen Burke for five years, ten months and requesting waiver of interest due to a payroll error in 2018
6. Refund Applications
   Vote to consider ten refund applications submitted in June.
7. Accidental Disability Benefit - Pauline Adams-Kelsey
   Vote to consider the reports of the medical panel in the Accidental Disability application filed by Pauline Adams-Kelsey, Operations Assistant in the Dept. of Public Works. Ms. Adams-Kelsey is represented by Attorney Michael Akashian.
8. Accidental Disability Benefit - Robert Ivanoskos
   Vote to consider the application for Accidental Disability benefits filed by Robert Ivanoskos, Skilled Laborer in the Traffic & Parking Dept. Mr. Ivanoskos is represented by Attorney John Moran.
9. Reorganization of Office Staff
   Vote to consider a change in job title and salary schedule for Christopher McLaughlin and to authorize the hire of a Member Service Coordinator.
10. PERAC Memos
    PERAC Memo #15 re: 91A PROSPER Tasks
11. Old Business
12. New Business
    The Board may discuss items which were unanticipated at the time that the agenda was created.
13. Executive Session
14. Chairman's Report
15. Executive Director's Report
16. FYI
    List of Retirees who died in June 2024 Correspondence from PERAC re: Veterans Buyback Changes Correspondence from Segal Marco re: Aberdeen Emerging Markets Placed on Hold April Financials: General Ledger, Summary of Accounts, Trial Balance, Adjustments, Cash Disbursements, Cash Receipts, Wire Transfers, Bank Reconciliation.