The Springfield Retirement Board Meeting Scheduled for May 6, 2020 will be held via Conference Call as a result of COVID-19 and in accordance with PERAC Memo #15-2020. The Public can attend the meeting via conference call.
Conference Call: 413-784-4951
Conference Code: 690666
AGENDA FOR THE SPRINGFIELD RETIREMENT BOARD MEETING
70 TAPLEY STREET, SPRINGFIELD, MA 01104
TO BE HELD ON MAY 6, 2020 AT 5:00 P.M.
Agenda Item #1-Minutes
Vote to consider approving the minutes of the meeting held on April 8, 2020.
Agenda Item #2 Superannuations
Vote to consider the acceptance of the following Superannuations:
1. Jules Rivard, Working Foreman 1, Water and Sewer Commission with 26 years as of 4/19/2020.
Vote to consider the request to rescind a Superannuation Application:
1. Robert C. Browne, Police officer, Police Department.
Agenda Item #3-Warrants
Vote to reaffirm the approval of the following warrants:
Warrant #19 Expenses in the amount of $111,315.30
Warrant #20 Refunds in the amount of $111,593.51
Warrant #21 Refunds in the amount of $66,449.01
Warrant #22 Refunds in the amount of $32,462.47
Warrant #23 Expenses in the amount of $1,243,595.20
Warrant #24 Retiree payroll in the amount of $6,859,754.75
and redemption from the PRIT fund in the amount of $6,000,000.00
Warrant #25 Transfers in the amount of $134,024.96
Warrant #26 Expenses in the amount of $2,028.10
Agenda Item #4-Refunds/Transfers to Other Systems
Vote to consider the nine (9) 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-Redeposit of Refunds and Makeup of Contributions
Vote to consider the makeup of contributions to:
1. Maria L. D’Angelantonio, Senior Administrator, School Department, for 6 months of employment with the School Department.
Vote to consider the redeposit of refunds to:
1. Dana Higgins, Paraprofessional, School Department for the refund from Springfield Retirement System in 2014.
Agenda Item #6-Benefits under Section 12(2)(d)
Vote to accept the election of 12(2)(d) benefits from the beneficiary of Jeffrey Brown of the Water & Sewer Commission-Deceased
Agenda Item #7-Benefits under Section 101
Vote to consider survivor benefits to the beneficiary of Joseph M. Assad of the Police Department-Deceased.
Agenda Item #8-Benefits under Section 101
Vote to consider survivor benefits to the beneficiary of Albert Labroad of the Department of Public Works-Deceased.
Agenda Item #9-Fiscal Year 2021 Appropriation-PERAC Memo #22
Agenda Item #10-Director’s Report
Agenda Item #11-Attorney’s Report
Agenda Item #12-Old Business
Agenda Item #13-New Business
F. Y. I.
• PERAC Memos
o #22 - Delayed FY21 Appropriations
• March PRIT Fund Update
• Trial Balance, Adjusting Entries, Receipts, Disbursements and General Ledger for the month of March
• Treasurer’s Reconciliation for the months of December, January and February
• Budget Balances as of April
• Monthly Transfers for April
• Recent Retiree Deaths
• Monthly Cash flow
Next meeting: June 10, 2020 @ 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.