December 27, 2013 Retirement Board Meeting

Fall River Contributory Retirement Board Meeting

DATE/TIME: Friday, December 27, 2013 at 9:00 A.M.

LOCATION: 30 Third Street, Suite 301, Fall River, MA 02720


Call to Order

Minutes: Review and approve the minutes of previous meeting. – Action Required

               Record actions taken in previous meeting ES. – Action Required

Executive Director to report on following matters:

      FRRB Calendar year 2014 budget to be adopted.

      Supplemental budget.

      Personnel issues.      

Retirement Applications: - Action Required


      Joseph Arruda – Council on Aging eff. 1/31/14

      Gerard Boissonneault – Fire Dept. eff. 12/13/13

      Donald Bruneau - Council on Aging. eff. 1/31/14

      Michael Hoar – Police Dept. eff. 1/25/14

      Barbara Pacheco – FR Housing Auth. eff. 1/3/14

      Joseph Saravo – FR Housing Auth. eff. 11/30/13

      William Silvia – Fire Dept. eff. 12/31/13

      Survivor Benefits:

Claire Arruda, widow of John S. Arruda.  Mr. Arruda retired for accidental disability on 6/30/75 and died 11/18/13.

Rose Larrivee, widow of Eric Larrivee.  Mr. Larrivee retired for accidental disability on 4/10/98 and died 12/3/13.

       Warrants submitted for review/to be signed.

Distributed to Board:

      PERAC - Funding schedule approval

      PERAC – FY15 appropriation – Action Required

      Open Meeting Law materials – Signature Required

      Accounting reports for October 2013

      PERAC - Actuarial Valuation report as of 1/1/13

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