AGENDA FOR THE SPRINGFIELD RETIREMENT BOARD MEETING
70 TAPLEY STREET, SPRINGFIELD, MA 01104
TO BE HELD ON JUNE 12, 2024 AT 4:00 P.M.
Agenda Item #1-Minutes
Vote to consider approving the minutes of the open session and executive session of the meeting held on May 8, 2024.
Agenda Item #2-Involuntary Accidental Disability Application-Mark Correa-Fire Department
Vote to consider the responses of the medical panel for Involuntary Accidental Disability benefits submitted by Fire Commissioner Bernard Calvi. Tabled from the May 8, 2024 meeting.
Agenda Item #3-Superannuation Applications
Vote to consider the acceptance of the following Superannuation Applications:
1. Paula Corridan, Sped Paraprofessional, School Department with 11 years and 7 months as of June 30, 2024.
2. Sonya Hightower, Principal Clerk, School Department with 15 years and 5 months as of June 20, 2024.
3. Maronda Marshall, Sped Paraprofessional, School Department with 24 years and 7 months as of June 18, 2024.
4. Mary Martin, Sped Paraprofessional, School Department with 23 years and 6 months as of September 28, 2024.
5. Aaron O’Quinn, Sr., Police Officer, Police Department with 30 years and 2 months as of July 19, 2024.
6. Jefferson Petrie, Police Officer, Police Department with 33 years and 10 months as of July 3, 2024.
7. Ariel Toledo, Police Captain, Police Department with 32 years as of July 20, 2024.
Agenda Item #4-Superannuation Calculations
Vote to approve the twelve (12) retirement allowance calculations as presented to the Board according to statute.
Agenda Item #5-Redeposit of Refunds and Makeup of Contributions
Vote to consider the redeposit of refunds to:
1. Vidailin Cardona, SPED Para Educator, School Department, for the refund from the Springfield Retirement System in 2018.
2. Laura Moriarty, SPED Para Educator, School Department, for refunds from the Springfield Retirement System in 1988, 2000, and 2015.
3. Cameron Owens, Coordinator, School Department, for the refund from the Springfield Retirement System in 2022.
4. Kencin Junior II, SPED Para Educator, School Department, for refunds from the Springfield Retirement System in 2017 and 2022.
Agenda Item #6-Warrants
Vote to reaffirm the approval of the following warrants:
Warrant #32 Expenses in the amount of $1,408.50
Warrant #33 Refunds in the amount of $225,850.56
Warrant #34 Transfers in the amount of $21,375.50
Warrant #35 Refunds in the amount of $137,012.21
Warrant #36 Refunds in the amount of $1,052.78
Warrant #37 Expenses in the amount of $144,518.44
Warrant #38 Retirement payroll in the amount of $7,968,336.90
and redemption from the PRIT fund in the amount of $6,500,000.00
Agenda Item #7-Refunds/Transfers to Other Systems
Vote to consider the twenty-two (22) requests for refunds and transfers to other systems as presented to the Board. The names have been submitted to their particular Department, the Law Department and the Massachusetts Department of Revenue.
Agenda Item #8-New Members
Vote to consider the forty-four (44) New Members for membership due to their employment within the member units of the Springfield Retirement System as presented to the Board.
Agenda Item #9-Monthly Financial Reports
Vote to accept the monthly financial reports for the months of March and April as presented to the Board.
Agenda Item #10-Selection of Fifth Board Member
Review the information received for the Fifth Board Member position and vote to consider the Fifth Board Member.
Agenda Item #11-Director’s Report
Update of 2024 Affidavits – Benefit Verification Forms
Update on Actuarial Valuation as of 1-1-24
Lease Renewal-Office Space
Agenda Item #12-Attorney’s Report
Agenda Item #13-Old Business
Agenda Item #14-New Business
Reports and Notices
PERAC Memos
o #14-Tobacco Company List
PERAC Correspondence-Cybertheft Practice Sharing
April PRIT Fund Update
Boston Millennia Correspondence
Treasurer’s Reconciliation for the months of February, March and April
Budget Balances as of May
Monthly Transfers as of May
Recent Retiree Deaths
List of Injury Reports
Monthly Cash Flow
Next Monthly Board Meeting: July 10, 2024 @ 5:00 P.M.
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. Items listed for discussion in Executive Session may be conducted in open session in addition to or in lieu of discussion in Executive Session.