MWRA EMPLOYEES’ RETIREMENT BOARD MEETING: AGENDA
Thursday, January 20, 2011, 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
Item 3 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
NEW BUSINESS
Item 4 Approval of the Minutes – 12/16/10 – VOTE
Item 5 Approval of Executive Session Minutes – 12/16/10 – VOTE
Item 6 Approval of Vouchers per Warrant 13 – VOTE
Item 7 Approval of Vouchers per Warrant 1 – VOTE
Item 8 Approval of Monthly Transfers – VOTE
In order to conduct regular monthly financial operations of the System, these transfers were authorized by the Executive Director:
12/23/ 2010 $26,690.00 INVESCO Mortgage Recovery
12/27/2010 $9,099.40 INVESCO Fund IV
12/28/2010 $150,000.00 Foundry Fund 2010
12/29/2010 $1,585.59 Additional December Warrant #13
1/3/2011 $22,500.00 Foundry Fund 2007
1/11/2011 $172,408.00 INVESCO Mortgage Recovery
1/20/2011 $790,336.60 January Monthly Warrant #1
Item 9 Approval of superannuation retirement applications pursuant to G.L. c. 32 §5 – VOTE
Retirement Board staff has verified that the necessary paperwork is in order and has determined applicants to be eligible for such benefits – VOTE
Carmela Bonaceto DOR 12/1/2010
Philip Coleman DOR 12/2/2010
William Hocking DOR 1/1/2011
Cornelia Potter DOR 1/1/2011
Item 10 Approval of buyback for Peter F. Grasso – VOTE
(Ret Brd granting 1 year, 9 months of creditable service for prior MWRA contract employment)
Item 11 Assumed Rate of Return – FOR DISCUSSION
Item 12 12:00 noon – Thomas Gibson – Legal Issues
Unpaid Leaves and Creditable Service
Mary Ann Hoppie Section 7 Retirement
Item 13 12:30 p.m. – Lunch
Item 14 1:00 p.m. – Lisa Mezzetti & Thomas Kelly/Cohen Milstein – Asset Recovery
Item 15 1:30 p.m. – NEPC – Preliminary Flash Report as of 12/31/2010; Hedge Fund Review
FOR YOUR INFORMATION .
➢ PERAC Memo #1/2011 – 840 CMR 10:10(3) & 10:15(4) – Annual Review of Medical Testing Fee
➢ PERAC Memo #2/2011 – 2011 Interest Rate set at 0.2%
➢ PERAC Memo #3/2011 – 2011 Limits under Chapter 46 of the Acts of 2002
➢ PERAC Memo #4/2011 – COLA Notice
➢ News from NEPC
➢ Foundry Venture Capital 2010, L.P. Invests $4.25M in Integrate, Inc.
➢ Foundry Venture Capital 2010, L.P. Invests $1,000,000 in Authentic8
➢ Wellington Management's Compliance & Risk Management Forum on March 3 in Boston
➢ Opal Financial Group Investment Education Symposium
➢ The PERAC Financial Bulletin
Date of next scheduled Retirement Board meeting is Thursday, February 24, 2011, 11:00 a.m., Chelsea, MA
