September 6, 2017, Meeting Agenda

AGENDA FOR THE SPRINGFIELD RETIREMENT BOARD MEETING
70 TAPLEY STREET, SPRINGFIELD, MA 01104
TO BE HELD ON SEPTEMBER 6, 2017 AT 5:00 P.M.

Agenda Item #1-Minutes
Vote to consider approving the minutes of the meetings held on August 9, 2017 and August 23, 2017.

Agenda Item #2-Superannuations
Vote to consider the acceptance of the following Superannuations:
1. Anthony Angus, Maintenance Craftsman, Parks Department, with 14 years and 5 months as of 9/30/17
2. Michael Rondinelli, Crossing Guard, School Department, with 14 years and 11 months as of 8/17/17

Agenda Item #3-Warrants
Vote to reaffirm the approval of the following warrants:
Warrant #35 Refunds in the amount of $1,729.35
Warrant #36 Transfers in the amount of $118,872.15
Warrant #37 Refunds in the amount of $215,599.00
Warrant #38 Expenses in the amount of $915.24
Warrant #39 Expenses in the amount of $61,842.66
Warrant #40 Refunds in the amount of $1,157.91
Warrant #41 August Retiree allowances in the amount of $6,381,722.29
and redemption from the PRIT fund in the amount of $3,100,000.00

Agenda Item #4-Refunds/Transfers to Other Systems
Vote to consider the nineteen (19) requests for refunds and transfers to other systems. The names have been submitted to their particular Department, the Law Department and the Massachusetts Department of Revenue.

Agenda Item #5-Benefits under Section 12(2)(d)
Vote to accept the election of 12(2)(d) benefits from the beneficiary of James DelNegro of Facilities-Deceased

Agenda Item #6-Director’s Report
• Draft of Independent Auditor’s Report
• Update on MGL Chapter 32 Section 91A
• PERAC final approval of Retirement Benefits
• Update on Benefit Verification Forms/Affidavits

Agenda Item #7-Attorney’s Report

Agenda Item #8-Old Business

Agenda Item #9-New Business

F. Y. I.
• PERAC Pension News
• PERAC Correspondence-Emerging Issues Agenda
• July PRIT Fund Update
• Boston Millennia Partners 2nd Quarter Reports
• Crescendo Ventures 2nd Quarter Report
• Trial Balance, Adjusting Entries, Receipts, Disbursements and General Ledger for the month of July
• Treasurer’s Reconciliation for the month of June
• Budget Balances as of August
• Monthly Transfers for August
• Recent Retiree Deaths

Next meeting: October 4, 2017
The Board reserves the right to consider items on the agenda out of order. In addition, the Board may enter into Executive Session during the meeting if requested by the individual or as deemed necessary by the Board or its Legal Counsel.