September 7, 2022, Meeting Agenda


Agenda Item #1-Minutes
Vote to consider approving the minutes of the meeting held on August 3, 2022.

Agenda Item #2-COLA Base Increase and Cost of Living Percentage Increase
Vote to consider a COLA Base Increase and a Cost of Living Percentage Increase.

Agenda Item #3-Involuntary Accidental Disability Application-Tiyra Johnson-Police Department
Vote to consider the responses of the medical panel for Involuntary Accidental Disability benefits submitted by Police Superintendent Cheryl Clapprood.

Agenda Item #4-Involuntary Superannuation Retirement Application-Roberto Matos-Police Department
Vote to consider the acceptance of the application for Superannuation Retirement benefits submitted by Police Superintendent Cheryl Clapprood.

Agenda Item #5-Superannuations
Vote to consider the acceptance of the following Superannuations:
1. Angel Berrios Jr., Police Officer, Police Department with 24 years and 7 months as of
August 19, 2022.
2. Michael Freeman, Oil Burner Technician, School Department with 14 years and 10 months
as of October 3, 2022.
3. Jerona Rodgers, LPN, School Department with 29 years and 4 months as of August 3, 2022.
4. Jane Sheehan, Crossing Guard, School Department with 21 years and 11 months as of
August 31, 2022.

Agenda Item #6 -Warrants
Vote to reaffirm the approval of the following warrants:
Warrant #45 Refunds in the amount of $181,897.82
Warrant #46 Transfers in the amount of $295,717.76
Warrant #47 Expenses in the amount of $73,799.93
Warrant #48 Refunds in the amount of $111,942.28
Warrant #49 Retirement payroll in the amount of $7,409,257.99
and redemption from the PRIT fund in the amount of $5,700,000.00

Agenda Item #7-Refunds/Transfers to Other Systems
Vote to consider 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.

Agenda Item #8-Director’s Report
• MGL Chapter 32 Section 91A – Excess Earnings/Terminations
• Discussion and vote on the 2023 Administrative Budget

Agenda Item #9-Attorney’s Report

Agenda Item #10-Old Business

Agenda Item #11-New Business

F. Y. I.
 PERAC Annual Report 2021
 PERAC Memos
#22-Cost of Living Increase for Supplemental Dependent Allowance Paid to Accidental Disability Retirees and Accidental Death Survivors
 PERAC Correspondence-Approval of Funding Schedule
 PERAC-GASB 67/68 Information
 PRIT Fund Update July
 Crescendo Ventures- Quarterly Reports
 Boston Millennia-Quarterly Reports
 Trial Balance, Adjusting Entries, Receipts, Disbursements and General Ledger for the month of July
 Treasurer’s Reconciliation for the month of June
 Budget Balances as of August
 Monthly Transfers for August
 Recent Retiree Deaths
 Monthly Cash Flow

Next Monthly Board Meeting: October 5, 2022 @ 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.