AGENDA FOR THE SPRINGFIELD RETIREMENT BOARD MEETING
70 TAPLEY STREET, SPRINGFIELD, MA 01104
TO BE HELD ON SEPTEMBER 6, 2023 AT 4:00 P.M.
Agenda Item #1-Michael Nelligan from Powers and Sullivan
To present an overview of the audit done of the Springfield Retirement System.
Agenda Item #2-Francesco Daniele from PRIM
To make a presentation on PRIM’s Investment Performance.
Agenda Item #3-Minutes
Vote to consider approving the open session and executive session minutes of the meeting held on
August 2, 2023.
Agenda Item #4-Involuntary Ordinary/Accidental Disability Applications-Raul Gonzalez-Police Department
Vote to consider the responses of the medical panel for the Involuntary Accidental Disability application for Raul Gonzalez submitted by Police Superintendent Cheryl Clapprood and review the Ordinary Disability Application status.
Agenda Item #5-Accidental Disability Application-Dean Fay-Police Department
Vote to consider the acceptance of the application for Accidental Disability benefits submitted by Dean Fay and request that PERAC convene a medical panel.
Agenda Item #6-Accidental Disability Application-Thomas Zarelli-Police Department
Vote to consider the responses of the medical panel for Accidental Disability benefits submitted by Thomas Zarelli.
Agenda Item #7-Accidental Disability Application-Douglas Converse-Water and Sewer Commission
Vote to consider the responses of the medical panel for Accidental Disability benefits submitted by Douglas Converse.
Agenda Item #8-Accidental Disability Application-John Fortin-School Department
Vote to consider the responses of the medical panel for Accidental Disability benefits submitted by John Fortin.
Agenda Item #9-Involuntary Ordinary/Accidental Disability Application-Aaron Rathburn-Fire Department
Vote to consider the acceptance of the application for Involuntary Ordinary/Accidental Disability benefits submitted by Fire Commissioner Bernard Calvi and request that PERAC convene a medical panel.
Agenda Item #10-Ordinary/Accidental Disability Application-Anthony Lawrence-Fire Department
Vote to consider the acceptance of the application for Ordinary/Accidental Disability benefits submitted by Anthony Lawrence and request that PERAC convene a medical panel.
Agenda Item #11-Involuntary Accidental Disability Application-Daniel Gramarossa-Fire Department
Vote to consider the acceptance of the application for Involuntary Accidental Disability benefits submitted by Fire Commissioner Bernard Calvi and request that PERAC convene a medical panel.
Agenda Item #12-Superannuation Applications
Vote to consider the acceptance of the following Superannuation Applications:
1. Kimberly Johnson, Junior Custodian, School Department with 14 years and 10 months
as of August 26, 2023.
2. Michael Racine, Junior Custodian, School Department with 35 years and 11 months
as of September 1, 2023.
3. Nancy Robbins, Senior Clerk Typist, School Department with 14 years and 11 months
as of September 30, 2023.
4. Susan Russo, Paraprofessional, School Department with 10 years and 1 month
as of August 11, 2023.
5. Janine Swiecanski, Senior Clerk Typist, School Department with 35 years and 2 months
as of October 4, 2023.
Agenda Item #13-Superannuation Calculations
Vote to approve the fifteen (15) retirement allowance calculations as presented to the Board according to statute.
Agenda Item #14-Warrants
Vote to reaffirm the approval of the following warrants:
Warrant #48 Refunds in the amount of $133,920.84
Warrant #49 Transfers in the amount of $174,118.71
Warrant #50 Refunds in the amount of $38,067.39
Warrant #51 Expenses in the amount of $106,751.73
Warrant #52 Retirement payroll in the amount of $7,639,338.29
and redemption from the PRIT fund in the amount of $5,100,000.00
Agenda Item #15-Refunds/Transfers to Other Systems
Vote to consider the nineteen (19) 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 #16-New Members
Vote to consider the thirty-nine (39) New Members for membership due to their employment within the member units of the Springfield Retirement System as presented to the Board.
Agenda Item #17-Benefits under Section 12(2)(d)
Vote to accept the 12(2)(d) benefits from the beneficiary of Thu Huong Nguyen of the School Department-Deceased.
Agenda Item #18-Monthly Financial Reports
Vote to accept the monthly trial balance, cash receipts, cash disbursements, journal entries and general ledger reports for the month of July as presented to the Board.
Agenda Item #19-Director’s Report
• MGL Chapter 32 Section 91A – Excess Earnings/Terminations
• Update of Affidavits – Benefit Verification Forms
Agenda Item #20-Attorney’s Report
Agenda Item #21-Old Business
Agenda Item #22-New Business
Reports and Notices
PERAC Memos
o #18-Cost of Living Increase for Supplemental Dependent Allowance Paid to Accidental Disability Retirees and Accidental Death Survivors
2022 PERAC Investment Report
July PRIT Fund Update
Budget Balances as of August
Monthly Transfers as of August
Recent Retiree Deaths
List of Injury Reports
Monthly Cash Flow
Next Monthly Board Meeting: October 4, 2023 @ 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.