DECEMBER 16, 2010 MEETING AGENDA

MWRA EMPLOYEES’ RETIREMENT BOARD MEETING
AGENDA    
Thursday, December 16, 2010, 11:00 a.m.
MWRA, 2 Griffin Way
2nd Floor, Lunch Room B
…………………………………………………………………………………………………………...
Item 1        Meeting called to order
OLD BUSINESS    
Item 2        Standing Committee Reports
•    By-Laws Committee:  Member Daniel K. O’Brien, Member Joseph C. Foti  
•    Human Resources Committee:  Chair Robert E. Tierney, Member
Thomas J. Durkin – Clarification of Retirement Board Staff Policies & Procedures
Special Committee
•    Stipend:  Chair James M. Fleming, Member Daniel K. O’Brien
Awaiting action by MWRA Board of Directors
NEW BUSINESS    
Item 3         Approval of the Minutes – 11/30/10 – VOTE
Item 4         Approval of Executive Session Minutes – 11/30/10 – VOTE

Item 5        Approval of Vouchers per Warrant 12 – VOTE

Item 6        Approval of Monthly Transfers – VOTE
In order to conduct regular monthly financial operations of the System, these transfers were authorized by the Executive Director:
12/1/ 2010       $160,000.00    Ascent Venture Fund V
12/1/2010          $65,007.07      PRIM Fund
Breakdown PRIM Fund:    Vintage Year 2008         60,697.05
Vintage Year 2009           3,369.22
Vintage Year 2010              940.80
12/15/2010        $11,898.88        INVESCO Fund IV
12/16/2010       $760,893.34      Monthly Warrant for Retirement Expenses

Item 7         Acceptance of Accidental Disability Retirement Application re. Robert Ciampa – VOTE

Item 8        Nomination of Election Officer re. election of fourth Board Member – VOTE

Item 9        Approval of buyback for Stephen A. Howard – VOTE
(Ret Brd granting 4 months of creditable service for prior MWRA employment)

Item 10    Approval of three weeks of creditable service for Joan Barowski with reference to  G.L. c. 32, s. 4(1)(c), which allows the Board to grant up to one month of creditable service without contribution – VOTE

Item 11    11:30 a.m. – Robert Drake Section 7 Retirement hearing – VOTE

Item 12    12:00 noon – Thomas Gibson – Legal Issues
Salary adjustment for Brian M. Leahy PERAC

Item 13     12:00 noon – Lunch


Item 14    12:30 p.m. – NEPC – Preliminary Flash Report as of 11/30/2010; PRIM Private Equity Vintage Year 2011; PIMCO Departure; Hedge Fund Review; adjustment to Global Currents Group Trust investments

Item 15    Real Estate Manager Presentations
1:00 p.m. – Sigular Guff/Tom McGown & Jim Corl
1:30 p.m. – Angelo Gordon/Michael Chang & Aliana Spungen
2:00 p.m. – Oaktree/Keith Gollenburg & Joe Fergus
2:30 p.m. – Mesirow/Josh Daitch
3:00 p.m. – Landmark/Paul Mehlman & Jamie Sunday


FOR YOUR INFORMATION    .
➢    Proposed Retirement Board meeting dates January 2011 – December 2011
➢    Attorney Gibson’s opinion re. delivery of a retirees’ monthly retirement allowance to a law firm designated by the member
➢    PERAC Memo #39/2010 – Age 70 ½ Distribution
➢    PERAC Memo re. 2010 Edition of PERAC’s Publications Library on CD
➢    Letter to PERAC re. 2010 Annual Investment Manager Reviews
➢    2011 NCPERS Legislative Conference, January 30-February 1, 2011, Washington, D.C.
➢    Opal Financial Group’s Energy Investment Forum, January 20-21, 2011, Austin, TX
➢    Information Management Network 2nd Annual World Series of ETFs & Indexing Conference, March 29, 2010, Boston, MA


Date of next scheduled Retirement Board meeting is Thursday, January 27, 2011, 11:00 a.m., Chelsea, MA