PENSION AND RETIREE BENEFIT BOARD
REGULAR MEETING
Wednesday, February 23, 2011 - 5:45 P. M.
Town Council Majority Room
AGENDA
1. Public Participation:
2. Minutes:
a. Acceptance of Minutes of the Regular Meeting of November 17, 2010
3. Communications:
a. 11/24/10 Memo from FIA Investment Committee
b. 2/4/11 Letter from Francis Malozzi requesting COLA
4. Old Business:
a. Segal Company Quote for Police Negotiations Cost Out
b. Segal Company 7/1/10 Actuarial Valuation – Preliminary Results
5. New Business:
a. Retirements and Final Calculations
1. Joseph DiMarco, Police Dept., DROP Retirement eff. 11/25/10
b. Withdrawals of Contributions
1. Naira Rivera, BOE, resigned 6/30/05
c. Requested Pension & Retiree Benefits Board Budget 2011/2012
d. Proposed 2011 Schedule of Meetings
6. Reports:
a. Pensions:
1. Summary of Portfolio Asset – November & December, 2010 & January 2011
2. Summary of Expenses – November & December, 2010 & January 2011
3. Fiduciary Investment Advisors, LLC Report
4. 3 D Asset Management Report
b. OPEB Trust:
1. Summary of Portfolio Asset – November & December, 2010 & January 2011
2. Summary of Expenses – November & December, 2010 & January 2011
3. Fiduciary Investment Advisors, LLC Report
4. 3 D Asset Management Report
7. Approval of Disbursements:
a. Clerk for Pension & Ret. Benefit Board – February 23, 2011 $ 100.00
b. Johnson Occupational Medicine, Inv. #25080, Dec. l, 2010
(Dr. Erdil’s IME for Warren Marsh) 500.00
c. The Segal Co., Inv. #153113, Quarterly bill 7,675.00
d. The Segal Co., Inv.#151204, Benefit calculations & QDRO’s 5,855.00
e. FIA, Inv. #3521004, Quarterly bill 8,750.00
8. Adjournment:
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