Pension Board

Playlist

What's included

Pension Board Special Virtual Meeting of June 13, 2022

Roll Call/Attendance
Guests: Mayor Shari Cantor; Rick Ledwith, Acting Town Manager; Catherine Lombardi, Acting Director of Human
Resources, Lori Kearney, Clerk of the Pension Board, Mary Fay, Town Council; Becky Sielman and ...Yelena
Pelletier, Milliman
II. Chair’s Opening Comments
A. Review of rules of decorum and procedure for virtual meetings
III. Lori Kearney, Human Resources Specialist
A. Meeting schedule for 2022
IV. Peter Privitera/Catherine Lombardi/Milliman
B. Further discussion of MARC pension administration system
“Motion to approve implementation of MARC pension administration system”
V. Adjournment
A. “Motion to adjourn.”[+] Show More

Pension Board Special Virtual Meeting of June 13, 2022

Roll Call/Attendance Guests: Mayor Shari Cantor; Rick Ledwith, Acting ...

Pension Board Virtual Meeting of May 16, 2022

I. Roll Call/Attendance Guests: Mayor Shari Cantor; Rick Ledwith, ...

I. Roll Call/Attendance
Guests: Mayor Shari Cantor; Rick Ledwith, Acting Town Manager; Cathy Lombardi, Acting Director of Human Resources,
... Lori Kearney, Human Resources Specialist, Mary Fay, Town Council; Chris Kachmar, Fiducient Advisors, and Becky Sielman,
Yelena Pelletier, and Kevin Hart, Milliman

II. Chair's Opening Comments
A. Review of rules of decorum and procedure for virtual meetings
B. Election of Clerk of the Board

III. Peter Privitera, Director of Finance / Milliman
A. Valuation
B. MARC pension administration system

IV. Chris Kachmar, Fiducient Advisors
A. Quarterly investment review — Q12022
B. Pension Plan — portfolio composition discussion

V. Brittany Bermingham, Town Matters

VI. Lori Kearney, Human Resources Specialist
A. Meeting schedule for 2022
B. Summary of Pension Administration

VII. Formal Actions
A. Minutes
1. Approval of the minutes for the virtual regular meeting held on Monday, February 28, 2022.
"Motion to approve the minutes for the virtual regular meeting held on Monday, February 28, 2022."
B. Pension Administration
1. Memberships
2. Terminations and Refunds
3. Applications for Approval
a. Vested interest applications
b. Normal retirement applications
c. Survivorship applications
"Motion to approve Pension Administration."
C. Invoices for Consideration
1. Milliman
a. Invoice for July 1, 2021 actuarial valuation services in the amount of $7,903.75 and for
consultation services regarding QDRO and contingent annuity factors in the amount of
$626.25. Invoice date 5/2/2022.
b. Invoice for July 1, 2021 actuarial valuation services in the amount of $18,000 and for
services related to the actuarially determined contribution in the amount of $660. Invoice date 5/2/2022.
2. Silvercrest
Invoice for management fees for quarter ending 6/30/2022 in the amount of $37,081. Invoice
date 4/18/2022.
"Motion to approve for payment the items under invokes for Consideration."

VIII. New Business

IX. Adjournment[+] Show More