PENSION AND RETIREE BENEFIT BOARD
REGULAR MEETING
Wednesday, October 26, 2011 - 5:45 P. M.
Town Council Majority Room
AGENDA
1. Public Participation:
2. Minutes:
a. Acceptance of Minutes of the Special Meeting of September 21, 2011
3. Communications:
4. Old Business:
a. The Segal Company – Proposal for COLA Study & Five Year Actuarial Experience
Study
5. New Business:
a. Retirements and Final Calculations:
1. Deanne Breton, BOE, Early Retirement eff. 8/1/11
2. Mary Martin, Grants, Normal Retirement eff. 9/6/11
3. Carol Tuchay, Paraprofessional, Normal Retirement eff. 7/22/11
4. Trent Reopell request for Service-Connected Disability Retirement eff. 9/1/11
b. Withdrawals of Contributions:
1. Kelly Dayfield, Police, resigned 7/10/11
c. Death Benefit:
1. Hemmerda Edwards, BOE, deceased 7/31/11
d. Request from Mark Simmons requesting plan language change - COLA
6. Reports:
a. Pensions:
1. Summary of Portfolio Asset – September, 2011
2. Summary of Expenses – September, 2011
3. Fiduciary Investment Advisors, LLC Report
4. 3 D Asset Management Report
b. OPEB Trust:
1. Summary of Portfolio Asset – September, 2011
2. Summary of Expenses – September, 2011
3. Fiduciary Investment Advisors, LLC Report
4. 3 D Asset Management Report
7. Approval of Disbursements:
a. Clerk for Pension & Ret. Benefit Board – October 26, 2011 $ 100.00
b. The Segal Company, Inv. #170160 15 benefit calculation 2,625.00
c. The Segal Company, Inv. #170158 actuarial work not in agreement 2,432.75
d. The Segal Company, Inv. #170930 quarterly invoice (7/11 – 9/11) 7,675.00
e. FIA, Inv. #3521103, quarterly invoice (7/11 – 9/11) 8,759.00
8. Adjournment:
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