October 26th Retirement Board Meeting

Fall River Contributory Retirement Board Meeting
DATE/TIME: Wednesday, October 26, 2016 at 8:30 A.M.
LOCATION: 30 Third Street, Suite 301, Fall River, MA 02720
1.    Call to Order
2.    Statement regarding recording of meetings
3.    Minutes of 9/21/16 meeting submitted for review/approval and signature.
4.    Warrants to be signed. 
5.    Distributed to Board for acknowledgement and/or discussion:       
     August 2016 Accounting reports
         August 2016 PRIM Board Update
         MACRS Fiduciary Insurance renewal – (Chair signature required)
         PERAC Memo #24/2016 – 4th Quarter Board Training Opportunities
         PERAC Memo #25/2016 – OPEB Summary
6.    Retirement Applications:
Wilbert J. Brisk – School Dept. – eff. 10/6/16
William Carvalho DCM – eff. 12/2/16
Jane Dibiasio – Mayor’s Office – eff. 10/31/16
Wayne Souza, Sr. – FRHA – eff. 12/15/16
Jason Staley – FR Police Dept. – eff. 1/3/17
Survivor Benefits:
Lucille Green, widow of Harold Green – Section 101
7.    Membership Issues:
8.    Executive Director Update/Report:
       Personnel update
       Calendar Year 2017 Proposed budget
       FRRB Rep letter/GASB 67/68 reports
9.    Tabled Items:
Board to determine if drug testing stipend (FRPD contract) falls under the definition of regular compensation for retirement purposes. Tabled 5/26/16
10.    Executive Session - the Board may convene an executive session pursuant to M.G.L c. 30A, § 21(a)(1) to review, discuss or to conduct an evidentiary hearing regarding disability applications pending before the Board as these matters involve the physical and/or mental health of an individual.              
Disability Retirement applications:
           James Donovan – Police Dept.
            Michael Souza – DCM
            John Cabral – Police Dept.