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, 11/6/2023
11:00 AM - 3:00 PM ET
- Cambridge Bancorp Presentation
Denis Sheahan will provide an update to the Board on the merger with Eastern Bank.
- Minutes
Vote to consider the regular minutes of the meeting held on October 10, 2023.
Vote to consider the executive session minutes of the meeting held on October 10, 2023.
- Warrants
Vote to consider payment of warrant #20 in the amount of $9,727,367.66 and warrant #21 in
the amount of $337,520.08.
- Superannuations
Vote to consider the Superannuation retirement applications submitted by:
Gladys Barrientos-Lopez, Health Counselor, Cambridge Health Alliance with twenty-nine
years, one month;
Susan C. Cohen, General Counsel, Cambridge Housing Authority with ten years;
Clay Halajian, Carpenter, Dept. of Public Works with twenty-three years, two months;
Stephen LaRosa, Permit Coordinator, Traffic & Parking Dept. with thirty-one years, six
months;
Kenneth Pitts, Public Safety Assistant Director, Emergency Communications Dept. with
twenty-eight years, six months;
Carol Sidabras, Staff Librarian with thirty-five years, five months;
Lawrence Silva, Communications Supervisor, Emergency Communications Dept. with thirtysix
years, eleven months.
- Redeposits / Make-up / Liability
Vote to consider the make-up of deductions for:
1. DawnMarie Adolphe, 1 year 1 month (pro-rated)
2. Tricia L. Gomes, 10 years 7 month (pro-rated), request Board to waive interest due to
payroll error
3. Christiana Malgwi, 1 month (pro-rated)
4. Kevin E. G. Mascoll, 1 year 8 months (pro-rated)
5. Robert J. Medeiros Jr., 4 months (pro-rated)
6. Ann Moore, 2 years 1 month (pro-rated)
7. Yvonne E. Rivera, 2 years 6 months (pro-rated)
8. Pamela A. Santos, 5 years 7 months (pro-rated) 9. Stephanie L. Sender, 10 years 1 month (pro-rated) 10. Anna W. Van Dreser, 2 years 5 months
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Refund Applications
Vote to consider 11 refund applications submitted in October.
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91A Overearning - James Desrosiers
Vote to consider recoupment of overearnings for James Desrosiers in 2021 and 2022. Mr. Desrosiers is represented by Attorney Thomas Gibson.
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2024 Board Meeting Schedule
Vote to consider a schedule for monthly Board meetings in 2024.
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PERAC Memos
PERAC Memo #21 re: Upcoming Hearings on PERAC Regulations PERAC Memo #22 re: Appropriation Data Due October 31, 2023
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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
List of Retirees who died in October 2023 Bank Reconciliation - July 2023, August 2023 2022 PERAC Annual Report Correspondence from Attorney Quirk re: Barnstable County Retirement Board and Daniel Parkka