October 24, 2013 Meeting Agenda

Fall River Contributory Retirement Board Meeting


DATE/TIME: Thursday, October 24, 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


Section 91A Excess Earnings order from PERAC: - Action required
Kevin Fitzpatrick
Jeffrey Griffin


Retirement Applications: - Action Required
    Marieanna Levesque – School Dept. eff. 11/29/13


Survivor Allowance:
T. Gabrielle Kenney, widow of William F. Kenney, has applied for survivor benefits as provided under M.G.L. c. 32 §101.  Mr. Kenney retired 8/7/71 for accidental disability and died 10/3/13.


Warrants submitted for review/to be signed.


Executive Director Report.
    Proposed calendar year 2014 budget (dist. to Board.)
    IRS Determination packet
    MACRS Fiduciary Insurance Renewal


Distributed to Board:
    PERAC – 3rd quarter training opportunities
    PRIM Board update for August 2013
    Accounting reports for August 2013
    Standard Life NASP 2006 – Quarterly Fin’l Statement & Manager’s report for 6/2013


Disability Retirement applications: Action Required
    *David Morro – Initial desk review –disability retirement application.
    *Paul Boucher – Initial desk review – disability retirement application.

*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.


Tabled Items:
    PERAC – results of 1/1/13 actuarial valuation (7/25/13)

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