November 22, 2013 Retirement Board Meeting


Fall River Contributory Retirement Board Meeting
DATE/TIME: Friday, November 22, 2013 at 9:00 A.M.
LOCATION: 30 Third Street, Suite 301, Fall River, MA 02720


Call to Order
Nominations for Chairman

Minutes: Review and approve the minutes of previous meeting. – Action Required
             Record actions taken in previous meeting ES. – Action Required
Disability Retirement applications: Action Required
    *David Morro – Evidentiary hearing
    *Allen Saucier – RMP reports to be reviewed
    *Robert Fortin – Initial Desk Review
    *Jennifer Perry – Initial Desk Review
    *Litigation updates
*The Board may convene in executive session pursuant to M.G.L. c. 30A, s.21(a)(1) to discuss details of disability retirement applications  if necessary and litigation matters.
Executive Director to report on following matters:
    Election results
IRS Determination packet
    MACRS Fiduciary Insurance Renewal
    Staffing issues
PRIM – Investment Review Presentation
    PRIM Board Update for September 2013 distributed to Board
Retirement Applications: - Action Required
    Robert Desmarais – Water Dept. eff. 12/31/13
    Edward Dion – Police Dept. eff. 1/10/14
    Robert Flynn – Police Dept. eff. 1/6/14
    Laurence Lopes – School Dept. eff. 1/10/14
    John Silva, Jr. – Police Dept. eff. 1/15/14
    John Wholey – Fire Dept. eff. 1/3/14

Warrants submitted for review/to be signed.

Distributed to Board:
    PERAC - Revised funding schedule options
    Accounting reports for September 2013
Tabled Items:
    PERAC – results of 1/1/13 actuarial valuation (7/25/13)

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