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, 11/4/2024 11:00 AM - 4:00 PM ET

1. Minutes
   Vote to consider the regular minutes of the meeting held on October 7, 2024. Vote to consider the executive session minutes of the meeting held on October 7, 2024.
2. Warrants
   Vote to consider payment of warrant #20 in the amount of $9,648,884.52 and warrant #21 in the amount of $177,766.59.
3. Superannuations
   Vote to consider the Superannuation retirement applications submitted by: Ellen Deraney, Library Assistant, School Dept. with eleven years, five months; Robin Heafey, Senior Clinical Pharmacist Specialist, Cambridge Health Alliance with twenty years, ten months; Michael Padua, Patrol Officer, Police Dept. with twenty-nine years, six months; Marilyn Rottersman, Building Substitute, School Dept. with ten years, one month.
4. Redeposits / Make-up / Liability
   Vote to consider the make-up of prior service for: 1. Karen M. Thomas, three years, six months; Vote to consider the redeposit of refunds for: 1. Jennifer A. Amigone, one year, eight months; 2. Regina J. Walker, five years.
5. Refund Applications
   Vote to consider nine refund applications submitted in October.
6. Accidental Disability Benefit - Elizabeth Vendetti
   Vote to consider the reports of the medical panel in the application for Accidental Disability benefits filed by Elizabeth Vendetti, Parking Control Officer in the Traffic Dept.. Ms. Vendetti is represented by Attorney Steven Bergel, who will appear remotely.
7. Involuntary Superannuation - Carl Pilgrim
   Vote to consider the involuntary Superannuation application filed by the Cambridge Police Dept. on behalf of Carl Pilgrim, a Patrol Officer. Mr. Pilgrim is represented by Attorney Alan McDonald, who will appear remotely.
8. Accidental Disability Application - Arshad Mehmood
   Vote to consider the Accidental Disability application filed by Arshad Mehmood, a Laborer in the Dept. of Public Works. Mr. Mehmood is represented by Attorney Patrick Tracy, who will appear remotely.
9. Eastern Bank Annual Presentation
   Eastern Bank representatives will present their report to the Board. Denis Sheahan and David Rosato will appear in-person.
10. PERAC Audit Finding on Hazardous Duty Pay
    Vote to consider draft correspondence to PERAC in connection with the audit finding affecting hazardous duty pay.
11. 2025 Proposed Meeting Schedule
    Vote to consider a draft schedule for Retirement Board meetings in 2025.
12. PERAC Memos
    PERAC Memo #27 re: Changes to Return to Service under G.L. c. 32 Sec 8. PERAC Memo #28 re: Violent Assault Disability: Chapter 149 of the Acts of 2024
13. Old Business
14. New Business
    The Board may discuss items which were unanticipated at the time that the agenda was created.
15. Executive Session
16. Chairman's Report
17. Executive Director's Report
18. FYI
    List of Retirees who died in October 2024 Segal Marco Analysis of Investment Performance - September 30, 2024 Correspondence from IFM re: Infrastructure Climate Change Report 2023 Correspondence from Intercontinental re: Hurricane Milton Correspondence from UBS re: Hurricane Milton Correspondence from UBS re: Hurricane Helene August Financials: General Ledger, Summary of Accounts, Trial Balance, Adjustments, Cash Disbursements, Cash Receipts, Wire Transfers, Bank Reconciliation.