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://cambridgeretirementboard.my.webex.com/meet/cburns

Cambridge Retirement Board Meeting
Sheila Tobin Conference Room 125 CambridgePark Drive, Suite 104 Cambridge, MA 02140
Monday, 6/12/2023 11:00 AM - 3:30 PM ET

1. Minutes
   Vote to consider the regular minutes of the meeting held on May 1, 2023. Vote to consider the executive session minutes of the meeting held on May 1, 2023.
2. Warrants
   Vote to consider payment of warrant #10 in the amount of $9,351,618.71 and warrant #11 in the amount of $148,030.31.
3. Superannuations
   Vote to consider the Superannuation retirement applications submitted by: Fernanda Botelho, Birth Registrar, Cambridge Health Alliance with thirty-four years, eleven months; Oral Bynoe, Patrol Officer, Police Dept. with forty-four years, eight months; Darin Cromwell, Patrol Officer, Police Dept. with twenty-seven years, six months; David Kale, Assistant City Manager for Fiscal Affairs and Investments, Finance Dept. with forty years, one month; Heidi Lyle, Registered Nurse, Cambridge Health Alliance with twelve years, nine months; Jacquelyn Mara, Registered Nurse, Cambridge Health Alliance with thirty-six years, five months; Jagruti Mehta, Laboratory Technologist, Cambridge Health Alliance with thirty-five years, six months; Lillian Rater, Family Liaison, School Dept. with twenty-three years, six months; Gayle Tobin, Practice Manager, Cambridge Health Alliance with nineteen years, six months; Daniel Wright, Senior Custodian, School Dept. with thirty-four years, seven months.
4. Redeposits / Make-up / Liability
   Vote to consider the make-up of deductions for: 1. Michael Lacombe, 4 months, requesting acceptance of liability; 2. Michael Lacombe, 2 months 3. Marc Saunders, 2 months Vote to consider requests for a redeposit of refunds from: 1. Nicole J. Johnson, 2 years, 7 months 2. Michael Lacombe, 9 months
5. Refund Applications
   Vote to consider eleven refund applications submitted in May.
6. Accidental Disability Application - Jacques Desrosiers
   Vote to consider the application for Accidental Disability benefits filed by Jacques Desrosiers, a Patrol Officer in the Police Dept. Mr. Desrosiers is represented by Attorney Morgan Gray.
7. Accidental Disability Benefit - Howard Smith
   Vote to consider the reports of the medical panel in the Accidental Disability application filed by Howard Smith, a Firefighter. Mr. Walsh is represented by Attorney Tim Smyth.
8. Board Election
   The Election Officer will report to the Board following the close of the nomination period. Vote to consider a determination that only one candidate submitted valid nomination papers and should be declared elected.
9. PERAC Memos
   PERAC did not issue any new memos in May.
10. Old Business
11. New Business
    The Board may discuss items which were unanticipated at the time that the agenda was created.
12. Executive Session
13. Chairman's Report
14. Executive Director's Report
15. FYI
    Notice of Retiree Deaths
    Correspondence re: David Kale
    Correspondence from Attorney Jim Quirk re: Dorothy Campbell
    Correspondence from Mass Retirees' Association
    January Financials: General Ledger, Account Summary, Trial Balance, Adjustments,
    Cash Disbursements, Cash Receipts, Wire Transfers
    February Financials: General Ledger, Account Summary, Trial Balance, Adjustments, Cash
    Disbursements, Cash Receipts, Wire Transfers
    March Financials: General Ledger, Account Summary, Trial Balance, Adjustments, Cash Disbursements, Cash Receipts, Wire Transfers
    Correspondence from Aberdeen re: CIO Structure
    Correspondence from Aberdeen re: Adam Montanaro
    Bernstein Litowitz Berger & Grossman Q1 2023 Report
    Bernstein Litowitz Berger & Grossman 2023 Forum
    Cambridge Trust Q2 2023 Banking Overview
    Correspondence from Hancock Timber re: New Portfolio Manager
    Loomis Sayles Team Update
    Pension Technology Group Press Release