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, 3/4/2024 11:00 AM - 3:00 PM ET
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Minutes
Vote to consider the regular minutes of the meeting held on February 5, 2024. Vote to consider the executive session minutes of the meeting held on February 5, 2024.
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Warrants
Vote to consider payment of warrant #4 in the amount of $9,242,692.42 and warrant #5 in the amount of $217,828.73.
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Superannuations
Vote to consider the Superannuation retirement applications submitted by: Marita Barrett, Physician Assistant, Cambridge Health Alliance with seventeen years, four months; Karen Roust, Senior Account Clerk, Dept. of Human Services with thirty-nine years, seven months; Maria Vigneau, Senior PACS Administrator, Cambridge Health Alliance with nineteen years, nine months; Lynne Zeidler-Cayford, Paraprofessional, School Dept. with twenty-three years, five months.
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Redeposits / Make-up / Liability
Vote to consider the make-up of prior service for: 1. Margaret Allen for one year, one month; 2. John Caldera for two years, two months; 3. Makeva Council for four years, one month; 4. James Johnson for two months; 5. Timothy Norton for two months (accepting liability for service with the Commonwealth of Massachusetts); 6. Carolyn Rodrigues for one year, four months. Vote to consider the redeposit of a refund for: 1. Anna Anderson for one year, five months.
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Refund Applications
Vote to consider nine refund applications submitted in February.
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Accidental Disability Benefit - William Daley
Vote to consider the reports of the medical panel in the Accidental Disability application filed by William Daley, Licensed Electrician in the Dept. of Public Works (formerly Electrical Department). Mr. Daley is represented by Attorney David DiCenso.
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Accidental Disability Benefit - Jacques Desrosiers
Vote to consider the responses of the medical panel in the Accidental Disability application filed by Jacques Desrosiers, a Patrol Officer in the Police Dept.. Mr. Desrosiers is represented by Attorney Morgan Gray.
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Accidental Disability Application - Zachary Brown
Vote to consider the Accidental Disability application filed by Zachary Brown, a Patrol Officer in the Police Dept. Mr. Brown is represented by Attorney Thomas Gibson.
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Review of Executive Session Minutes
In response to an Open Meeting Law request, consider the release of Executive Session minutes from 2020-2023.
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91A Overearning - Juan Carlos Pons
Vote to consider recoupment of overearnings for Juan Carlos Pons in 2022. Mr. Pons is represented by Attorney Thomas Gibson.
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2024 Administrative Budget
Vote to consider adoption of the administrative budget for calendar year 2024.
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PERAC Memos
PERAC Memo #9 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
List of Retirees who died in February 2024 PERAC Pension Newsflash - February 15, 2024 Correspondence from PERAC re: PROSPER Retiree Portal for 91A Bernstein Litowitz Berger & Grossman LLP - Q4 2023 Report Manager/Vendor Disclosures: Acadian International Equity Fund, Fidelity Broad Market Duration Commingled Pool, Fidelity Emerging Markets Debt, Hamilton Lane Private Equity Fund VI, Hamilton Lane Private Equity Fund VIII, Income Research & Management, Loomis Sayles US High Yield Fund, M&T Bank/Wilmington Trust, Segal Marco Advisors. Superior Court Complaint: PTG vs. HRMecca