MINUTES FOR THE SPRINGFIELD RETIREMENT BOARD MEETING
70 TAPLEY STREET, SPRINGFIELD, MA 01104
HELD ON JUNE 12, 2018 AT 5:00 P.M.

Present: Robert Moynihan, Patrick Burns, Thomas Scanlon, Philip Mantoni, Haskell Kennedy, Attorney Alfredo ViVenzio, Executive Director, Susana Baltazar, Judy Dziobek, Recording Clerk, John Feudo

Chairman Moynihan called the meeting to order at 5:00 P.M.

Agenda Item #1-Minutes
Motion made by Kennedy to approve the minutes of the meeting held on May 8, 2018, second by Scanlon, Burns, yes, Kennedy, yes, Mantoni, abstained, Scanlon, yes, Moynihan, yes.
Motion made by Mantoni to approve the minutes of the meeting held on May 31, 2018, second by Scanlon and voted unanimously.

Agenda Item #2-Accidental Disability Application-John M. Feudo/Water/Sewer Commission
Motion made by Scanlon to accept the responses of the medical panel, the evidence of the Accidental application and approve the disability benefits for John Feudo, second by Kennedy and voted unanimously.

Agenda Item #3-Superannuations
Motion made by Scanlon to accept the following Superannuations: Dorothy Andersons, Paraprofessional, School Department with 29 years and 4 months as of 6/22/18;Christine Barnes, Principal Clerk Typist, DPW with 32 years and 2 months as of 5/23/18; Marianne Bigelow, Paraprofessional, School Department with 10 years as of 6/22/18; Barbara Boucher, Paraprofessional, School Department with 39 years and 1 month as of 6/22/18; Sandra Brais, Paraprofessional, School Department with 32 years and 4 months as of 6/22/18; David Byrne, Inspector, Code Enforcement with 10 years and 5 months as of 6/30/18; Kirk Cocchi, Junior Custodian, Springfield Museum with 17 years and 8 months as of 5/30/18; Sean Condon, Sergeant, Police Department with 33 years and 5 months as of 8/9/18; Dolores Crinella, Principal Clerk & Typist, School Department with 43 years and 4 months as of 7/28/18; Matthew Donnellan, HR Manager, Water & Sewer Commission with 32 years and 7 months as of 6/30/18; Michael Fitzgerald, Supervisor, Water & Sewer Commission with 41 years and 6 months as of 6/30/18; Peter Georgeopolus, Security Guard, School Department with 10 years as of 6/26/18; Maryann Hale, Accountant, Springfield Housing Authority with 30 years and 8 months as of 6/30/18; Stephen Lawrence, ROTC Instructor, School Department with 26 years and 1 month as of 6/22/18; Joanne Leonard, Customer Service Manager, Water & Sewer Commission with 39 years and 7 months as of 6/30/18; Juan Lozada, Jr., Firefighter, Fire Department with 33 years and 3 months as of 5/20/18; Barbara Matrow, Nurse, School Department with 26 years and 7 months as of 6/22/18; Audrey McCloud, Paraprofessional, School Department with19 years and 6 months as of 6/22/18; Donna Nehmer, Paraprofessional, School Department with 32 years as of 6/22/18; Deborah Solomon, Principal Clerk & Typist, School Department with 25 years, 5 months as of 8/4/18; Frank Tarantino, Junior Custodian, Facilities with 21 years and 9 months as of 6/23/18; Pamela Wellman, Paraprofessional, School Department with 25 years and 9 months as of 6/24/18; Charles Youmans, Police Officer, Police Department with 32 years and 5 months as of 7/1/18, second by Kennedy and voted unanimously.

Agenda Item #4-Warrants
Motion made by Mantoni to approve and reaffirm the payment of the following warrants: Warrant #20 Transfers in the amount of $65,390.47, Warrant #21 Refunds in the amount of $154,645.17,
Warrant #22 Expenses in the amount of $254,231.99, Warrant #23 Retiree payroll in the amount of $6,362,613.80, and redemption from the PRIT fund in the amount of $5,025,000.00, second by Kennedy and voted unanimously.

Agenda Item #5-Refunds/Transfers to Other Systems
Motion made by Burns to accept the twenty one (21) 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, second by Scanlon and voted unanimously.

Agenda Item #6-Redeposit of Refunds and Makeup of Contributions
Motion made by Burns to allow the redeposit of refunds to: Warner Donaldson, Lab/MEO/Hvy, Department of Public Works, for the refund from Springfield in 2017 and Steven Sykes, ROTC Instructor, School Department, for the refund from MTRS in 2003, second by Mantoni and voted unanimously.

Agenda Item #7-Selection of Fifth Board Member
The Board accepted applications from those interested in serving as the Fifth Member of the Springfield Retirement Board. One submission was received from incumbent Philip Mantoni. After review of the application, the Board voted as follows: Motion made by Kennedy to re-appoint Philip Mantoni as the fifth member for a three year term from 8/1/2018 through 7/31/2021, second by Scanlon. Chairman Moynihan called for a Roll Call vote as follows: Scanlon, yes, Burns, yes, Kennedy, yes, Moynihan, yes.

Agenda Item #8-Request for Proposals-Legal Services
Motion made by Scanlon to begin the RFP Process for Legal Services, second by Kennedy and voted unanimously. Requests for Proposals will be due on July 23, 2018.

Agenda Item #9-John Goncalves/Department of Public Works
Motion made by Scanlon to grant 12(2)(d) benefits to Mrs. Donna Goncalves, surviving spouse of John Goncalves, second by Kennedy and voted unanimously.

Agenda Item #10-Director’s Report
Executive Director Baltazar informed the Board she received an amendment to the Lease agreement for space at 70 Tapley Street until June 30, 2019 with the City. Ms. Baltazar informed the Board that the PERAC approvals for disability were received for Keola Perry and Richard Benoit. Director Baltazar also updated the Board on the PRIT year to date performance.

Agenda Item #11-Attorney’s Report
Attorney ViVenzio stated that he has several cases pending and will update the Board accordingly.

Agenda Item #12-Old Business
None

Agenda Item #13-New Business
None

F. Y. I. PERAC 2017 Investment Report, PERAC Correspondence-Approval of Funding Schedule, PERAC Correspondence regarding the Actuarial Valuation as of January 1, 2018, PERAC Pension News, April PRIT Fund Update, PRIM Correspondence-Top 100 Funds Article, PRIM Correspondence-Private Equity, Trial Balance, Adjusting Entries, Receipts, Disbursements and General Ledger for the month of April, Treasurer’s Reconciliation for the month of March, Crescendo Ventures-Quarterly Report, Boston Millennia-Quarterly Report, Budget Balances as of May, Monthly Transfers for May, Recent Retiree Deaths.

The correspondence and reports were received and reviewed by the Board Members and Executive Director.

Motion made by Scanlon to adjourn at 5:45 P.M., second by Kennedy and voted unanimously.

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Robert P. Moynihan, Chairman

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Thomas M. Scanlon, Elected Member

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Haskell Kennedy, Appointed Member

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Patrick S. Burns, Appointed Member

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Philip J. Mantoni, 5th Member