Meeting Agenda, February 3, 2021

The Springfield Retirement Board Meeting Scheduled for February 3, 2021 will be held remotely as a Result of the COVID-19 pandemic. The Public can access the meeting remotely via GoToMeeting at https://global.gotomeeting.com/join/842528613. You can also dial in using your phone.
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AGENDA FOR THE SPRINGFIELD RETIREMENT BOARD MEETING
70 TAPLEY STREET, SPRINGFIELD, MA 01104
TO BE HELD ON FEBRUARY 3, 2021 AT 5:00 P.M.

Agenda Item #1-Minutes
Vote to consider approving the minutes of the meeting held on January 13, 2021.

Agenda Item #2-Accidental Disability Application-Juan Flores-Police Department
Review and consider additional information submitted by Juan Flores before taking further action on the application for Accidental Disability benefits. Tabled from the January 13, 2021 meeting.

Agenda Item #3-Superannuations
Vote to consider the acceptance of the following Superannuations:
1. James Constantino, Jr., Water and Sewer Commission, Senior Project Manager with 34 years and 10 months as of 3/20/2021.
2. Patricia D’Amario, Springfield Library, Manager of Borrower’s Services with 40 years and 5 months as of 1/30/2021.
3. Eileen Hanley, Retirement, Pension Distribution Manager with 34 years and 10 months as of 2/13/2021.
4. Robert Shea, Department of Public Works, Senior Storekeeper with 17 years and 11 months as of
1/30/2021.
5. Barbara Snyder, School Department, Paraprofessional with 32 years as of 1/30/2021.
6. Robert Strzempek, Police Department, Police Captain with 41 years and 2 months as of 1/29/2021.

Agenda Item #4-Warrants
Vote to reaffirm the approval of the following warrants:
Warrant #2 Expenses in the amount of $58,241.42
Warrant #3 Refunds in the amount of $86,949.91
Warrant #4 Refunds in the amount of $59,921.97
Warrant #5 Refunds in the amount of $88,918.03
Warrant #6 Retiree payroll in the amount of $6,942,000.96
and redemption from the PRIT fund in the amount of $0.00

Agenda Item #5-Refunds/Transfers to Other Systems
Vote to consider the four (4) 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 #6-Benefits under Section 9
Vote to accept the election of Section 9 benefits from the beneficiary of Thomas Marco of the Police Department-Deceased

Agenda Item #7-Director’s Report
o PERAC final approval of Retirement Benefits

Agenda Item #8-Attorney’s Report

Agenda Item #9-Old Business

Agenda Item #10-New Business

F. Y. I.
 PERAC Memos
 #1-840 CMR 10-10(3) &10-15(1)(c)–Annual Review of Medical Testing Fee
 #2-2021 Limits under Chapter 46 of the Acts of 2002
 #3-2021 Limits under Section 23 of Chapter 131 of the Acts of 2010
 #4-COLA Notice
 #5-PROSPER SFI Online Submission
 #6-2021 Interest Rate set at 0.1%
 #7-Buyback and Make-up Repayment Worksheet
 #8-Required Minimum Distribution: Now Age 72 For This Year's Notifications
 PERAC News Flash regarding Richard D. MacKinnon, Jr. Appointed to Commission
 December PRIT Fund Update
 Monthly Transfers for January
 Recent Retiree Deaths

Next Monthly Board Meeting: March 3, 2021 @ 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.