MINUTES FOR THE SPRINGFIELD RETIREMENT BOARD MEETING
70 TAPLEY STREET, SPRINGFIELD, MA 01104
HELD ON SEPTEMBER 6, 2017 AT 5:00 P.M.
Present: Thomas Scanlon, Patrick Burns, Robert Moynihan, Haskell Kennedy, Philip Mantoni, Attorney Alfredo ViVenzio, Executive Director, Susana Baltazar, Judy Dziobek, Recording Clerk
Chairman Scanlon called the meeting to order at 5:00 P.M.
Agenda Item #1-Minutes
Motion made by Kennedy to approve the minutes of the meetings held on August 9, 2017 and August 23, 2017, second by Burns and voted unanimously.
Agenda Item #2-Superannuations
Motion made by Moynihan to accept the following Superannuations: Anthony Angus, Maintenance Craftsman, Parks Department, with 14 years and 5 months as of 9/30/17; Michael Rondinelli, Crossing Guard, School Department, with 14 years and 11 months as of 8/17/17, second by Kennedy and voted unanimously.
Agenda Item #3-Warrants
Motion made by Moynihan to approve 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 #41August Retiree allowances in the amount of $6,381,722.29 and redemption from the PRIT fund in the amount of $3,100,000.00, second by Burns and voted unanimously.
Agenda Item #4-Refunds/Transfers to Other Systems
Motion made by Burns to approve the nineteen (19) requests for refunds and transfers to other systems, second by Moynihan and voted unanimously.
Agenda Item #5-Benefits under Section 12(2)(d)
Motion made by Moynihan to grant 12(2)(d) benefits to the beneficiary of James DelNegro of Facilities-Deceased, second by Burns and voted unanimously.
Agenda Item #6-Director’s Report
Executive Director, Susana Baltazar, submitted the draft of the independent audit report performed by Powers & Sullivan. Michael Nelligan from Powers & Sullivan will review the report at the next board meeting. Ms. Baltazar informed the Board that she has been in touch with PERAC regarding the compliance of 91A reporting for the remaining disability retirees, and that PERAC is working with these retirees in gathering the necessary information. A further update will be given at the next board meeting.
Ms. Baltazar also informed the Board that two Benefit Verification Forms/Affidavits have not been received and that no further retirement benefits will be paid to these retirees until the forms are received. Ms. Baltazar informed the Board that the PERAC disability approvals were received for Richard Davidson-Police Department, Kevin McNeish-School Department and John Ryan-School Department. Ms. Baltazar also informed the Board that the MACRS Conference will be held in Springfield from October 1st through October 4th, and updated the Board on the status of PTG.
Agenda Item #7-Attorney’s Report
Attorney ViVenzio informed the Board that there are currently three cases in litigation.
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
Motion made by Kennedy to adjourn at 5:10 P.M. second by Burns and voted unanimously.
Thomas M. Scanlon, Chairman
Robert P. Moynihan, Elected Member
Haskell Kennedy, Appointed Member
Patrick S. Burns, Appointed Member
Philip J. Mantoni, 5th Member